In this article, we discuss the 20 largest apparel companies in the world. If you want to read about some more apparel companies, go directly to 5 Largest Apparel Companies In The World.
The apparel industry is one of the largest and most dynamic industries in the world. It encompasses designing, producing, and selling clothing, footwear, and accessories. It involves the use of various materials such as cotton, wool, silk, and synthetic fabrics to produce a wide range of products for men, women, and children of all ages. The apparel industry also includes the textile industry, which produces the fabrics and other materials used in clothing production, as well as the retail industry, which sells the final products to consumers.
According to the data provided by The Business Research Company, the global apparel market experienced a growth in size from 2022 to the start of 2023, increasing from $610.12 billion to $652.94 billion, represented by a compound annual growth rate (CAGR) of 7.0{5e37bb13eee9fcae577c356a6edbd948fa817adb745f8ff03ff00bd2962a045d}. This growth can be attributed to a number of factors such as increasing consumer spending on clothing and accessories, technological advancements in textile and clothing production, and the growth of the e-commerce retail industry.
There are several trends currently shaping the apparel industry. Sustainability is one of the most followed trends that has been getting popular recently. Consumers are becoming increasingly aware of the environmental and social impacts of the clothes they buy and are demanding more sustainable options. Fast fashion is also a notable trend that refers to the practice of quickly producing low-cost clothing designs based on the latest trends. Digitalization is another trend among others, with more brands using technology like virtual try-on, augmented reality, and 3D design to enhance the customer experience.
The global coronavirus pandemic of 2020 has greatly impacted the apparel industry. It accelerated the shift toward digital channels, and the industry has seen significant growth in online sales. E-commerce has made it easier for consumers to find and purchase clothing and footwear online and has also increased competition among retailers. According to Grand View Research, in 2021, the global e-commerce apparel market was valued at $553.1 billion and is projected to experience a CAGR of 8.6{5e37bb13eee9fcae577c356a6edbd948fa817adb745f8ff03ff00bd2962a045d} per year on average from 2022 to 2030.
Major companies in the apparel market include The TJX Companies, Inc. (NYSE:TJX), American Eagle Outfitters, Inc. (NYSE:AEO), and NIKE, Inc. (NYSE:NKE), among others. In 2022, among the various regions in the apparel market, Western Europe was the biggest contributor to the market share, followed by Asia-Pacific. The other regions included in the apparel market are Eastern Europe, North America, South America, the Middle East, and Africa.
Our Methodology
We researched the global apparel industry and picked the 20 largest companies operating in the space based on their market caps. The details of each apparel company are mentioned alongside a discussion around top firms in the sector in order to provide readers with some context for their investment decisions. The companies have been ranked according to their market capitalizations, from smallest to largest, as of January 29.
Largest Apparel Companies In The World
20. DICK’S Sporting Goods, Inc. (NYSE:DKS)
Market cap: $10.5 billion
DICK’S Sporting Goods, Inc. (NYSE:DKS) is an American sporting goods retail company. Founded in 1948 by Richard “Dick” Stack, it has grown to become one of the largest sporting goods retailers in the United States. The company offers a wide range of products for various sports and outdoor activities, including clothing, footwear, and equipment for hunting, fishing, camping, golf, and team sports, among others. In addition to its retail stores, the company also operates an e-commerce platform where customers can purchase products online.
DICK’S Sporting Goods, Inc. (NYSE:DKS) is the parent company of several subsidiaries including Field & Stream, Golf Galaxy, True Runner, Calia by Carrie Underwood, Greg Norman Collection, The Sports Authority, True Fitness and Golfsmith etc. The company operates over 700 stores across the US.
The market capitalization of the company is valued at $10.47 billion. DICK’S Sporting Goods, Inc. (NYSE:DKS) reported earnings results for the third quarter and nine months that ended October 29, 2022. In the third quarter, the company reported sales of $2,958.86 million compared to $2,747.65 million a year ago.
Just like The TJX Companies, Inc. (NYSE:TJX), American Eagle Outfitters, Inc. (NYSE:AEO), and NIKE, Inc. (NYSE:NKE), DICK’S Sporting Goods, Inc. (NYSE:DKS) is one of the largest apparel firms in the world.
19. Burberry Group plc (OTC:BURBY)
Market cap: $11.06 billion
Burberry Group plc (OTC:BURBY) is a luxury fashion company based in London, England. The company was founded in 1856 by Thomas Burberry, and it is known for its iconic trench coats and its distinctive check pattern. Burberry designs, manufactures and sells a wide range of luxury products, including clothing, footwear, accessories, and fragrances for men, women, and children.
Burberry Group plc (OTC:BURBY) operates a global network of retail stores, as well as an e-commerce platform, and its products are sold in over 50 countries worldwide. Some of the notable subsidiaries of Burberry Group are Burberry Limited, Burberry Asia Limited, Burberry Europe Holdings Limited, Burberry North America Holdings Inc, Burberry Services Limited, Thomas Burberry Company Limited, Burberry Japan K.K and Burberry Limited China. Burberry has a strong reputation for quality, craftsmanship, and innovation, and it is considered one of the most valuable luxury brands in the world.
The market capitalization of Burberry Group plc (OTC:BURBY) is valued at $11.06 billion. Burberry Group plc reported earnings results for the half year that ended October 01, 2022. For the six months, the company reported sales of GBP 1,345 million compared to GBP 1,213 million a year ago.
18. Deckers Outdoor Corporation (NYSE:DECK)
Market cap: $11.19 billion
Deckers Outdoor Corporation (NYSE:DECK) is a leading designer, marketer, and distributor of footwear, apparel, and accessories for outdoor and lifestyle activities. The company was founded in 1973 and is headquartered in Goleta, California. The company’s products are sold in over 50 countries worldwide, and it has a strong reputation for quality and innovation.
Deckers Outdoor Corporation (NYSE:DECK) has several subsidiaries that operate under different brand names. Some of them are UGG, HOKA ONE ONE, Teva, Sanuk, Ahnu, Koolaburra by UGG, Hoka and UGG Australia.
The market capitalization of Deckers Outdoor Corporation (NYSE:DECK) is valued at $11.19 billion. In the second quarter of 2022, the company reported sales of $875.61 million compared to $721.9 million a year ago.
17. V.F. Corporation (NYSE:VFC)
Market cap: $11.76 billion
V.F. Corporation (NYSE:VFC) is an American multinational corporation that designs, manufactures, and sells a wide range of clothing, footwear, and accessories. The company was founded in 1899 and is headquartered in Denver, Colorado. V.F. Corporation (NYSE:VFC) is known for its commitment to sustainability, through initiatives such as reducing water and energy use and using more sustainable materials in its products.
V.F. Corporation (NYSE:VFC) operates in over 170 countries and has a portfolio of leading brands, including The North Face, Vans, Timberland, Wrangler, and Lee. VF’s product lines include outdoor and action sports apparel, footwear, and equipment; denim; and workwear.
The market cap of the company is $11.76 billion. For the second quarter of 2022, the company reported sales of $3,080.6 million compared to $3,198.24 million a year ago.
16. Burlington Stores, Inc. (NYSE:BURL)
Market cap: $14.54 billion
Burlington Stores, Inc. (NYSE:BURL), formerly, Burlington Coat Factory is an American department store chain specializing in clothing and footwear, as well as home decor and furniture. It was founded in 1924 and is headquartered in Burlington, New Jersey. The company operates over 600 stores across the United States and Puerto Rico and offers a wide range of products at discount prices. The company is known for selling clothing and footwear for the entire family, as well as accessories, baby gear, and home decor. The company also operates an e-commerce platform for customers to purchase products online.
Some of the subsidiaries Burlington Stores, Inc. (NYSE:BURL) are Baby Depot, Cohoes Fashions, MJM Designer Shoes, Super Baby Depot, Wilsons Leather, Burlington Home, Fashion Attic and Burlington Coat Factory warehouse corporation.
The market cap of the company is $14.54 billion. For the third quarter of 2022, the company reported sales of $2,035.93 million compared to $2,299.61 million a year ago.
15. Prada S.p.A. (OTC:PRDSY)
Market cap: $15.36 billion
Prada S.p.A. (OTC:PRDSY) is an Italian luxury fashion house, known for its high-end clothing, leather goods, footwear, and accessories. The company was founded in 1913 by Mario Prada and is headquartered in Milan, Italy. Prada S.p.A. (OTC:PRDSY) is known for its timeless and elegant designs, as well as its collaborations with artists and designers. The company’s product lines include clothing, footwear, and accessories for men and women, as well as fragrances and eyewear.
Prada S.p.A. (OTC:PRDSY) operates in over 70 countries. Some of the subsidiaries and brands under its umbrella are Prada, Miu Miu, Church’s, Car Shoe and Pasticceria Marchesi. The company also has other smaller subsidiaries or partnerships in different regions around the world.
The market cap of the company is $15.36 billion. For the first six months of 2022, the company reported sales of EUR 1,872.42 million compared to EUR 1,477.66 million a year ago.
14. Moncler S.p.A. (OTC:MONRY)
Market cap: $16.53 billion
Moncler S.p.A. (OTC:MONRY) is an Italian luxury clothing company, known for its high-end down jackets and outerwear. The company was founded in 1952 by René Ramillon and is headquartered in Milan, Italy. Moncler S.p.A. (OTC:MONRY) operates in over 70 countries, and it is known for its stylish and functional clothing, as well as its collaborations with fashion designers and athletes.
Moncler S.p.A. (OTC:MONRY) product lines include clothing, footwear, and accessories for men, women, and children, as well as home decor. Moncler S.p.A. owns several subsidiaries and brands. Some of them are Moncler, Moncler Gamme Rouge, Moncler Gamme Bleu, Moncler Enfant and Moncler Grenoble. Moncler is also a member of the Sustainable Apparel Coalition.
The market cap of the company is $16.53 billion. For the first six months of 2022, the company reported sales of EUR 918.37 million compared to EUR 621.77 million a year ago.
13. H & M Hennes & Mauritz AB (publ) (OTC:HNNMY)
Market cap: $20.53 billion
H & M Hennes & Mauritz AB (publ) (OTC:HNNMY) (H&M) is a Swedish multinational clothing-retail company known for its fast-fashion clothing for men, women, teenagers, and children. The company was founded in 1947 by Erling Persson and is headquartered in Stockholm, Sweden. H&M operates in over 70 countries, with over 5,000 stores worldwide.
H & M Hennes & Mauritz AB (publ) (OTC:HNNMY) product lines include clothing, footwear, and accessories for men, women, and children, as well as home decor and furniture. H&M is known for its trendy and affordable clothing and its commitment to sustainability, through initiatives such as recycling and using more sustainable materials in its products. The company’s subsidiaries are H&M, COS, & Other Stories, Monki, Weekday, Arket and H&M Home.
The market cap of H&M is $20.53 billion. The company reported sales of SEK 57,450 million compared to SEK 55,585 million a year ago in the third quarter of 2022.
12. Li Ning Company Limited (OTC:LNNGY)
Market cap: $24.99 billion
Li Ning Company Limited (OTC:LNNGY) is a Chinese multinational company that designs, develops, manufactures, and sells sporting goods. It is a leading Chinese brand in the sporting goods industry, known for its high-performance athletic wear, footwear, and sports equipment. The company was founded in 1990 by Li Ning, a Chinese gymnast who won six medals, including three gold medals, at the 1984 Summer Olympics.
The company is headquartered in Beijing, China, and operates in over 80 countries worldwide. Li Ning Company Limited (OTC:LNNGY) is known for its innovative products and technologies, its strong partnerships with sports teams and athletes, as well as its commitment to sustainability and environmental protection. The company owns several subsidiaries and brands. Some of them are Li-Ning Sports Goods, Double Happiness, AIGLE and Li-Ning Golf.
The market cap of Li Ning Company Limited (OTC:LNNGY) is $24.99 billion. The company reported sales of CNY 12,408.67 million compared to CNY 10,196.58 million a year ago in the first half of 2022 .
11. adidas AG (OTC:ADDYY)
Market cap: $31.3 billion
adidas AG (OTC:ADDYY) is a German multinational corporation that designs, develops, manufactures, and sells sporting goods. It is the largest sportswear manufacturer in Europe and the second largest in the world, after Nike. The company was founded in 1949 by Adolf Dassler and is headquartered in Herzogenaurach, Germany. adidas AG (OTC:ADDYY) operates in over 60 countries, and it is known for its high-performance athletic wear and footwear, as well as its collaborations with fashion designers and sports teams.
adidas AG (OTC:ADDYY) owns and operates several subsidiaries and brands, including Reebok, TaylorMade, Rockport, Fourness, Kolon Sport, Y-3 and Runtastic. The company’s product lines include footwear, apparel, and accessories for a wide range of sports, including running, soccer, basketball, and golf.
The market cap of the company is $31.27 billion. The company reported sales of EUR 6,408 million compared to EUR 5,752 million a year ago in the third quarter of 2022.
10. Ross Stores, Inc. (NASDAQ:ROST)
Market cap: $40.54 billion
Ross Stores, Inc. (NASDAQ:ROST) is an American chain of off-price department stores that offers branded and designer products at discounted prices. The company was founded in 1982 by Morris Ross and is headquartered in Dublin, California. Ross operates in over 40 states of the United States, and it is known for its wide range of products, including clothing, footwear, home decor, and housewares. Ross Stores, Inc. (NASDAQ:ROST) is known for its ability to offer discounted prices on name-brand merchandise, and its stores feature a wide variety of products at low prices.
Ross Stores, Inc. (NASDAQ:ROST) operates under two brands: Ross Dress for Less and dd’s Discounts. Ross Dress for Less focuses on clothing, footwear, accessories, home decor and gifts, and dd’s Discounts focuses on fashion and home products at a lower price point.
The market cap of the company is $40.54 billion. The company reported sales of $4,565.49 million compared to $4,574.54 million a year ago in the third quarter of 2022.
9. Lululemon Athletica Inc. (NASDAQ:LULU)
Market cap: $39.68 billion
Lululemon Athletica Inc. (NASDAQ:LULU) is a Canadian athletic apparel company, known for its high-performance yoga and athletic wear for men, women, and girls. The company was founded in 1998 by Chip Wilson and is headquartered in Vancouver, Canada. Lululemon operates in over 50 countries, with over 400 stores worldwide, as well as an e-commerce platform. Lululemon is known for its high-quality, functional athletic wear and its commitment to sustainability.
Lululemon Athletica Inc. (NASDAQ:LULU) operates several subsidiaries that operate under different brand names. Some of them are Mirror, IVIVVA, Lululemon Labs and Labworks. The company’s product line includes clothing, accessories, and personal care items for yoga, running, training, and other athletic activities. Lululemon is also known for its strong community involvement.
The market cap of Lululemon Athletica Inc. (NASDAQ:LULU) is $39.68 billion. For the third quarter that ended October 30, 2022, the company reported sales of $1,856.89 million compared to $1,450.42 million a year ago.
8. Fast Retailing Co., Ltd. (OTC:FRCOY)
Market cap: $60.7 billion
Fast Retailing Co., Ltd. (OTC:FRCOY) is a Japanese retail holding company. The company was founded in 1963 by Tadashi Yanai and is headquartered in Tokyo, Japan. Fast Retailing Co., Ltd. (OTC:FRCOY) operates in over 20 countries, with over 2,000 stores worldwide. The company’s product range includes clothing and fashion for men, women, and children, with a focus on casual, everyday wear. The company is known for its affordable and high-quality clothing, as well as its commitment to sustainability in its production and operations.
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. (OTC:FRCOY) is $60.71 billion.
7. Kering SA (OTC:PPRUY)
Market cap: $71.66 billion
Kering SA (OTC:PPRUY) is a French luxury conglomerate. The company was founded in 1963 by François Pinault and is headquartered in Paris, France. Kering operates in over 120 countries, with a strong presence in Europe, Asia, and the Americas. The company’s product range includes luxury clothing, footwear, leather goods, jewelry, watches, and accessories. It also offers eyewear and fragrance under certain brands.
Kering SA (OTC:PPRUY) specializes in luxury goods, with a portfolio of high-end brands including Gucci, Saint Laurent, Bottega Veneta, Alexander McQueen, Balenciaga, Brioni, Christopher Kane, McQ, Stella McCartney, Tomas Maier, Sergio Rossi, Boucheron, Dodo, Girard-Perregaux, Jean Richard, Pomellato, Qeelin, and Ulysse Nardin.
The market cap of Kering SA (OTC:PPRUY) is $71.66 billion. For the half year of 2022, the company reported sales of EUR 9,930 million, compared to EUR 8,047 million a year ago. Net income was EUR 1,988 million, compared to EUR 1,479 million a year ago.
6. Industria de Diseño Textil, S.A. (OTC:IDEXY)
Market cap: $93.24 billion
Industria de Diseño Textil, S.A. (OTC:IDEXY) aka Inditex is a Spanish multinational clothing company. The group is one of the largest fashion groups in the world. Industria de Diseño Textil, S.A. (OTC:IDEXY) is headquartered in Arteixo, Galicia, Spain and was founded in 1975 by Amancio Ortega. They are known for its fast-fashion business model, where they quickly respond to the latest fashion trends and get the products to the store in a timely manner. The company is committed to sustainability, with a strong focus on reducing its environmental impact, promoting ethical production, and supporting communities around the world.
Inditex operates in over 100 countries, with more than 7,000 stores worldwide. Subsidiaries of Inditex include Zara, Massimo Dutti, Bershka, Oysho, Zara Home, Uterqüe, Stradivarius, and Pull & Bear. They also offer a line of sustainable and organic products under the name “Join Life” for both clothing and home items.
As of January 2023, Industria de Diseño Textil, S.A. (OTC:IDEXY) has a market cap of $93.24 billion.
In addition to The TJX Companies, Inc. (NYSE:TJX), American Eagle Outfitters, Inc. (NYSE:AEO), and NIKE, Inc. (NYSE:NKE), Industria de Diseño Textil, S.A. (OTC:IDEXY) is one of the largest apparel firms in the world.
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Disclosure. None. 20 Largest Apparel Companies In The World is originally published on Insider Monkey.
