Apparel market – Leading companies in the world. Large corporations hold the most significant shares in the apparel market, with Nike being one of the leading performers. Nike has consistently ranked among the top positions in various financial indicators, such as having the highest brand value among mass apparel brands in 2022, valued at approximately $110 billion. Similarly, Moët Hennessy Louis Vuitton is another company that has maintained high rankings, with a market capitalization of $317 billion in September 2022.
Apparel Market – 5 Leading Companies
Apparel market No. 1 LVMH Moët Hennessy – Market Capitalization of $433.38 billion
Louis Vuitton, Société Européenne, also known as LVMH, is a French multinational corporation that specializes in luxury goods. It is the world’s largest luxury goods conglomerate, with a market capitalization of $433.4 billion. LVMH was created in 1987 when Moët Hennessy, a company that specializes in wines and spirits, merged with Louis Vuitton, a company renowned for its luxury leather goods.
LVMH has a portfolio of over 70 brands and more than 60 subsidiaries. Some of the renowned brands under its umbrella are Louis Vuitton, Dior, Celine, Bulgari, Fendi, and Givenchy in fashion and leather goods; Moët & Chandon, Veuve Clicquot, and Dom Pérignon in wines and spirits; and Bulgari, Tag Heuer, and Zenith in watches and jewelry. LVMH’s operations span across 60 countries and it has a worldwide reputation for producing luxurious and top-quality products.
LVMH has a market capitalization of $433.38 billion and its revenue for 2022 amounted to $85.74 billion. The company witnessed a remarkable surge in sales and net income in the first half of 2022. During this period, LVMH’s sales increased from EUR 28,665 million to EUR 36,729 million, while its net income rose from EUR 5,300 million to EUR 6,532 million, in comparison to the corresponding period in 2021.
Apparel market No. 2 – NIKE, Inc. – Market Capitalization of $196.66 billion
NIKE, Inc. is a U.S.-based multinational corporation that designs, produces, and sells athletic shoes, apparel, accessories, equipment, and services worldwide. The company is headquartered in the Portland metropolitan area near Beaverton, Oregon. It is a major manufacturer of sports equipment and one of the world’s largest suppliers of athletic footwear and apparel. Bill Bowerman and Phil Knight founded the company on January 25, 1964, as Blue Ribbon Sports. It was later renamed Nike, Inc. on May 30, 1971. The company operates globally and has a significant presence in the sports industry.
NIKE, Inc. sells its products under multiple brands, including Nike Golf, Cole Haan, Umbro, and Converse, in addition to its own name. The company also has various subsidiaries, such as Cole Haan LLC, Hurley International LLC, Jordan Brand, and NIKE Golf, as well as NIKE Bauer Hockey Inc and Umbro Limited. NIKE Direct is another subsidiary responsible for overseeing the company’s direct-to-consumer operations, such as retail stores, e-commerce, and other digital platforms.
As for its market capitalization, NIKE, Inc. is valued at $196.66 billion. In the second quarter of 2022, the company’s revenue increased to USD 13,315 million, compared to the USD 11,357 million it generated in the same period of the previous year.
Apparel market No. 3 – Hermès – Market Capitalization of $187.74 billion
Hermès International Société en commandite par actions, also known as Hermès, is a French luxury goods company that specializes in leather goods, lifestyle accessories, perfumes, luxury goods, and ready-to-wear clothing. The company was established in Paris, France in 1837 by Thierry Hermès. Hermès is recognized for producing high-quality products, such as its famous Birkin and Kelly handbags, silk scarves, and leather goods, as well as a wide range of luxury goods, including watches, jewelry, home furnishings, perfumes, and ready-to-wear clothing. The majority of the company’s shares are still held by the Hermès family, making it a family-owned business.
Hermès International Société en commandite par actions, also known as Hermès, is a French luxury goods company that specializes in leather products, lifestyle accessories, perfumes, luxury goods, and ready-to-wear clothing. The company was founded in 1837 by Thierry Hermès and is based in Paris, France. Hermès is known for its high-quality products, including its famous Birkin and Kelly handbags, silk scarves, and leather goods. The majority stake in the company is still owned by the Hermès family.
Hermès operates in over 50 countries with more than 300 stores worldwide and has several subsidiaries, including Jean-Louis Dumas SAS, Hermès of Paris, Hermès Japan K.K, and others. The market cap of Hermès International Société en commandite par actions is $187.74 billion, and in the first half of 2022, the company reported sales of EUR 5,475 million, representing a significant increase from the previous year.
No. 4 – Christian Dior – Market Capitalization of $154.03 billion
Christian Dior SE, also known as Dior, is a French luxury goods company that was founded by the famous French fashion designer, Christian Dior, in 1946. The company is involved in the design, production, and sale of a variety of products such as ready-to-wear clothing, leather goods, fashion accessories, footwear, jewelry, timepieces, fragrance, make-up, and skincare products.
The brand is renowned for its sophisticated and timeless designs and is considered one of the world’s leading luxury fashion brands. Dior operates in more than 60 countries worldwide, with a strong presence in Europe, Asia, and the Americas. As a subsidiary of the luxury conglomerate LVMH Moët Hennessy Louis Vuitton SE, Dior is part of a group of highly prestigious luxury brands.
Christian Dior SE has various subsidiaries, including Dior Couture, Dior Homme, Dior Parfums, Dior Watches, Dior Montres, Dior Joaillerie, and Dior Cosmetics, among others. These subsidiaries operate under different brand names, and the company also has other partnerships and subsidiaries across various regions globally.
In the first half of 2022, Christian Dior SE reported revenues of EUR 36,729 million, a significant increase from the previous year’s EUR 28,665 million. The company’s net income for the same period was EUR 2,678 million, an improvement from the EUR 2,169 million generated in the first half of 2021. Its market capitalization is $154.03 billion.
No. 5 – The TJX Companies, Inc. – Market Capitalization of $93.94 billion
The TJX Companies, Inc. is a U.S.-based multinational corporation that specializes in off-price department store retail. It is headquartered in Framingham, Massachusetts, and is the largest off-price retailer of apparel and home fashions in the world. The company offers a wide range of products including clothing, footwear, bedding, furniture, jewelry, beauty products, and housewares.
In addition to its brick-and-mortar stores, The TJX Companies, Inc. also operates an online platform that allows customers to shop for merchandise from its various retail chains. The company is renowned for its ability to sell designer and brand-name merchandise at reduced prices.
With more than 4,500 stores in nine countries, the company is known for offering designer and brand-name merchandise at discounted prices. TJX Companies has subsidiaries including T.J. Maxx, Marshalls, HomeGoods, Winners, Homesense, Sierra, Trade Secret, and TK Maxx, and other smaller subsidiaries or partnerships worldwide.
As of the current date, the market capitalization of TJX Companies is $93.94 billion. During the third quarter of 2022, the company’s revenue was $12,166.29 million, which was lower than the $12,531.89 million recorded in the same quarter of the previous year.
Global apparel market
According to a study conducted in 2022 that assessed the extent to which fashion companies disclose information regarding their suppliers, supply chain policies and practices, and social and environmental impact, OVS was identified as one of the most transparent companies in the industry. The study also revealed that many of the largest global companies have a significant room for improvement in terms of disclosing information about their ethical operations.
The apparel market encompasses a wide range of clothing items, including sportswear, business attire, affordable clothing, and high-end luxury pieces. In 2021, the market experienced a recovery from the adverse impacts of the COVID-19 pandemic. However, the global apparel industry faced more challenges in 2022 due to high inflation, which resulted in increased production costs and reduced consumer confidence. Although the revenue of the global apparel market slightly decreased to 1.53 trillion U.S. dollars in 2022 compared to the previous year, it was projected to increase in 2023, exceeding 1.7 trillion dollars.
The United States and China are the main contributors to the significant demand for apparel products worldwide, with both countries generating considerably higher revenues than any other nation. It is unsurprising that these two countries also play a crucial role in international trade. China held the top position for the highest value of apparel exports in 2021, while the United States was ranked second only to the European Union in terms of the value of apparel imports.
The revenue generated from the women’s apparel market is significantly higher compared to that of men’s or children’s apparel. In the United States, the revenue generated from women’s apparel alone was approximately 163 billion dollars, which is more than the combined revenue of the men’s and children’s markets. The apparel industry consists of several divisions, some of which overlap. One of the most notable divisions is the second-hand apparel industry, which is expected to grow as the demand for environmentally conscious apparel options increases among consumers. The luxury market is also a crucial sector in the apparel industry, and it is anticipated to more than double in size between 2022 and 2028.
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