Topic: Apparel market in the U.S. (2024)

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  • From sportswear to business attire, discount to luxury, many different categories and segments make up the apparel market. Many of these categories are worth billions of dollars in their own right. In 2022, the revenue of the global apparel market reached 1.5 trillion U.S. dollars, and the industry is forecast to show positive growth. Revenue was estimated to rise to almost 2 trillion dollars by 2027. Within this vast global market, the United States had the largest apparel market of any country in 2022.

    U.S. apparel market

    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. Specialist store-based clothing retailing was valued at over 300 billion U.S. dollars in 2022, while e-commerce brought in over 183 million U.S. dollars of revenue in the same year. As the internet increasingly influences social and economic activities, the e-commerce market for retail goods is expected to grow steadily. In contrast, employment within the United States' apparel manufacturing industry decreased rapidly over the past several decades as manufacturing sectors generally transitioned to other regions in search of cheaper labor.

    Retail

    Retail sales from women's clothing stores reached approximately 40.5 billion U.S. dollars in 2022, with the revenue of the women's apparel market in the United States reaching around 160 billion U.S. dollars. Over 2022, stores generally saw improved sales compared to 2021. Monthly clothing store sales came to approximately 21 billion dollars in February 2023, an increase of roughly 800 million dollars from the same month in the previous year.

    Leading brands

    In terms of apparel companies, the industry has several heavyweights, many of which are based in the United States. TJX companies, Nike, and The Gap all generate the majority of their revenue within the U.S. retail market. The U.S. apparel market is always changing, attempting to adapt to customer trends and new technology that will allow consumers' shopping experiences to be more enjoyable.

    This text provides general information. Statista assumes no liability for the information given being complete or correct. Due to varying update cycles, statistics can display more up-to-date data than referenced in the text.

    P. Smith

    Research expert covering apparel industry and general merchandise

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    Published by P. Smith, Dec 18, 2023

    Key insights

    Most valuable apparel brand worldwide
    Nike

    Topic: Apparel market in the U.S. (2)

    Detailed statistics

    Value of the leading global apparel brands 2023

    Largest apparel market in the world
    United States

    Topic: Apparel market in the U.S. (3)

    Detailed statistics

    Revenue of the apparel market worldwide by country 2022

    Revenue of the global apparel market
    1.53 tr USD

    Topic: Apparel market in the U.S. (4)

    Detailed statistics

    Global revenue of the apparel market 2014-2027

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    Topic: Apparel market in the U.S. (44)

    Topic: Apparel market in the U.S. (45)

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    As a seasoned expert in the field, I am well-versed in navigating and extracting valuable information from various data sources, including statistical databases like Statista. My familiarity with the platform allows me to discern key insights, trends, and nuances within diverse industries. With a depth of knowledge in market analysis, consumer behavior, and industry-specific metrics, I can provide a comprehensive overview of the concepts covered in the provided article.

    The article sourced from Statista delves into the global apparel market, offering a wealth of information on different facets of the industry. Here's a breakdown of the key concepts covered:

    1. Global Apparel Market Overview:

    2. United States Apparel Market:

    3. E-commerce Impact:

    4. Retail Sales and Trends:

    5. Leading Apparel Companies:

    6. Consumer Behavior:

    7. Statistics and Reports:

    This comprehensive overview provides a snapshot of the dynamic and evolving landscape of the global apparel industry, emphasizing the significance of data-driven insights in understanding market trends and consumer preferences. If there are specific details or additional insights you are interested in, feel free to ask for further analysis.

    Topic: Apparel market in the U.S. (2024)
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