Sales of major apparel manufacturers/retailers worldwide 2021 | Statista (2024)

FAQs

Sales of major apparel manufacturers/retailers worldwide 2021 | Statista? ›

The largest clothing company in the world is LVMH, with a market cap of $479.09 billion. As of 2022, the global apparel industry has a market size of $1.53 trillion U.S. dollars.

The largest clothing company in the world is LVMH, with a market cap of $479.09 billion. As of 2022, the global apparel industry has a market size of $1.53 trillion U.S. dollars.

With more than $35.00 billion in apparel web sales in 2019 that represented 28.8% of the online apparel market, Amazon sells the most apparel online of any retailer, according to Digital Commerce 360 estimates. In fact, Amazon captures 11.1% of all U.S. retail clothing purchases.

It is the parent company of several clothing and fashion brands, most notably Uniqlo, the world's largest clothing retailer. Other brands under the Fast-Retailing umbrella include Theory, Comptoir des Cotonniers, Princesse tam. tam, and J Brand. The market cap of Fast Retailing Co., Ltd.

Revenue: $1.7 trillion dollar industry (2021)

Before the Covid-19 pandemic, the fashion industry global revenue was estimated between $1.7 trillion and $2.5 trillion according to two different research reports by Euromonitor and McKinsey.

In summary, Harbor Freight Tools, Inditex, and Burlington are the three fastest-growing retailers in the US in 2021. The fourth- and fifth-fastest-growing retail companies in the US are Dillard's and TJX Companies, growing by 53.2 percent and 51.3 percent, respectively.

The cost of production rose, and consumer confidence fell. The revenue of the global apparel market was calculated to amount to 1.53 trillion U.S. dollars in 2022, a slight decrease on the previous year. However, revenue was forecast to increase in 2023, to more than 1.7 trillion dollars.

Who is the world's largest retailer by revenue? ›

Perhaps unsurprisingly, the largest players are Amazon.com, Inc. (NASDAQ:AMZN), CVS Health Corporation (NYSE:CVS), and Walmart Inc. (NYSE:WMT). We conducted thorough research to pick the biggest retail companies in the world and then ranked them by their latest twelve month revenue.

Fast Fashion Leaders

Major players in the fast-fashion market include Zara, H&M Group, UNIQLO, GAP, Forever 21, Topshop, Esprit, Primark, Fashion Nova, and New Look. Many companies are both retailers and manufacturers, though they often outsource the actual production of clothing.

According to Forbes, on top of the biggest apparel companies rank is Louis Vuitton Moët Hennessy (LVMH), which includes enormous luxury brands such as Louis Vuitton, Christian Dior and Givenchy.

The fashion industry consists of four levels: the production of raw materials, principally fibres and textiles but also leather and fur; the production of fashion goods by designers, manufacturers, contractors, and others; retail sales; and various forms of advertising and promotion.

China is particularly dominant – the quantity of garments sold there is more than the other nine countries in the list combined. On average a US consumer purchases one mid-priced item of clothing per week.

The growth rate in 2022 also follows a 12.5% surge from 2020 to 2021, when total retail sales increased from $26.4 trillion to $28.2 trillion. 2021's global retail sales figures actually far exceeded market expectations—experts had forecast global retail sales to grow to around $25 trillion.

For more than two decades, Walmart has topped the list of the world's Top 250 global retailers. The company's retail sales increased by 1.9% year over year in FY2019, fuelled primarily by increases in comparable stores sales in the US.

Amazon is by far the leading U.S. company in the e-commerce space. According to forecasts, online sales through Jeff Bezos' platform were set to reach more than 386 billion dollars in 2021.

Who is leading the retail industry? ›

Walmart. Walmart once again claims the No. 1 spot with a 16.98% retail share of the market, equating to $611 billion in sales. The company wavered in its share of the market in the last few years, but for 2023 it has bounced back, increasing its market share by 4.31% YoY, continuing to beat out Amazon for the lead spot ...

Amazon will once again hold first place by a wide margin in 2023, with 37.6% of US retail ecommerce sales compared with the 6.4% of No. 2 Walmart Inc. Amazon has lost share since last year, but that will change in 2024, when its share will increase to 38.0%.

US' imports of textiles and apparel have continued to grow in value terms and rose by 16.03 per cent to $132.201 billion in 2022, compared to $113.938 billion in 2021. With a 25.65 per cent share, China continues to be the largest supplier of textiles and clothing to the US, followed by Vietnam with 14.87 per cent.

The revenue of the apparel market in the United States was valued at approximately 312 billion U.S. dollars as of 2022, with leading retailers such as TJX and Macy's each bringing in over 20 billion U.S. dollars in sales.

The textile industry of China is the largest manufacturer and exporter in the world with an export turnover of $266.41 Bn.

China currently holds the top position among countries with the best cloth manufacturers. The country witnessed a renaissance during the 20th century as its textile industries proliferated. As per a report by the GAC of China, the total export value of garment exports in 2021 closed at a whopping $170.3 billion.

Called the "Big Four", the most prominent fashion capitals of the world—in chronological order of their eponymous fashion weeks, are New York City, London, Milan, and Paris, which receive the majority of press coverage.

How competitive is the apparel industry? ›

However, as you already know, the clothing industry is highly competitive, with an estimated worth of 1.9 trillion US dollars. The most prominent apparel market, by far, is the United States and some of the highest-earning clothing brands include famous houses, such as: Old Navy.

Keeping within these guidelines, Walmart continues to be the world's largest retailer, both domestically and internationally, with significant commitments to a new online marketplace and fulfillment model.

Zara is a Spanish clothing retailer based in Galicia, Spain. Founded by Amancio Ortega in 1975, it is the flagship chain store of the Inditex group, the world's largest apparel retailer.

The latest data from the National Retail Federation shows that Walmart continues to lead as the top US retailer.

In 2021, the global retail market generated sales of over 26 trillion U.S. dollars, with a forecast to reach over 30 trillion U.S. dollars by 2024.

In 2022, the Saudi Arabian oil company Saudi Aramco posted the highest net revenue of any company in the world, with profits of over 300 billion U.S. dollars.

Do Fast Fashion Statistics Vary by Country? 10 countries dominate the market for retail purchasing: China 40 billion, USA 17 billion, India 6 billion, Japan 3.3 billion, Germany 2.2 billion, UK 2.1 billion, Russia 2 billion, France 1.5 billion, Italy 1.3 billion and Brazil 2.3 billion.

While some competitors outsource all production to Asia, Zara manufactures its most fashionable items – half of all its merchandise – at a dozen company-owned factories in Spain (particularly in Galicia), Portugal (northern part) and Turkey.

Fashion leaders and followers.

The fashion leader often transmits a particular look by first adopting it and then communicating it to others. Fashion followers include large numbers of consumers who accept and wear the merchandise that has been visually communicated to them.

Which countries supply most of the clothing sold in America? ›

China is the biggest source of foreign-made clothing that is imported to the U.S. each year, accounting for 36.49 percent of U.S. apparel imports, according to the American Apparel and Footwear Association.

The five C's of chic summer dressing are crochet dresses, cropped jackets, saturated colours, belly chains, and grown-up cutouts.

Only this time, it's the four C's: cute, chic, classic and comfortable.

The women's wear market was the largest segment of the fast fashion market segmented by gender, accounting for 61.18% of the total in 2021. Going forward, the women's wear segment is expected to be the fastest-growing segment in the fast fashion market, at a CAGR of 14.85% during 2021-2026.

The largest clothing company in the world is LVMH, with a market cap of $479.09 billion. As of 2022, the global apparel industry has a market size of $1.53 trillion U.S. dollars. The global fashion industry produces between 80 billion and 150 billion garments each year.

Answer: Tamil nadu is the largest cloth market in the world...

In an average person's closet there are about 148 individual items. At $1,460, per capita spending on clothing and footwear in the USA is the highest in the world. By comparison, in Brazil, a person spends an average of around $100 per year. Annual consumption of garments is 183.81 trillion pieces in 2022.

Amazon.com is leading the global e-commerce market, with a revenue of US$131,019 million in 2021 worldwide, followed by jd.com with US$118,515 million. Third place is taken by apple.com with a revenue of US$51,950 million.

What is Zara's position or rank in apparel retailing in the world? ›

Zara was founded in 1975 by Amancio Ortega and today stands at the forefront of fast fashion. The main brand of the Inditex group, Zara is currently the world's largest apparel retailer and has made Ortega the second wealthiest man in the world.

Undoubtedly, Amazon is the top US e-commerce company.

To qualify for the rankings, retailers need to have a direct investment in at least three countries. Keeping within these guidelines, Walmart continues to be the world's largest retailer, both domestically and internationally, with a significant commitment to a new online marketplace and fulfillment model.

Only five companies have more than 25,000 locations around the world. These are 7-Eleven (62,105 locations), Subway (44,610), McDonald's (37,240), Starbucks (29,324), and Kumon (25,860). Founded in 1927, 7-Eleven was actually an ice company originally, then started selling general items like eggs and milk.

It is perhaps no surprise that the same two countries play a significant role in international trade. In 2021, China led the rankings for the highest value of apparel exports.

Chinese ecommerce giant Shein has experienced a meteoric rise in the U.S. fast fashion market, with its sales and market share overtaking competitors such as H&M, Fashion Nova, Forever 21, ASOS, and Zara during the COVID-19 pandemic.