Clothing companies have always been a part of our lives, providing us with the latest trends and styles. But they are more than just fashion brands - they are massive businesses that employ thousands of people worldwide. In this article, we will explore the top ten clothing companies in America and the world, delving into their success stories and the impact they have on the industry.
Image: The top clothing companies in America and the world
Top 10 Largest Clothing Companies in America
TJX Companies
Location: Framingham, MA 2022 Annual Revenue: $48.55 billion
TJX Companies, home to brands like TJ Maxx, Marshalls, and HomeGoods, takes the top spot on our list. With their focus on selling affordable department store goods, they have become a powerhouse not only in the clothing industry but also among large American corporations. They employ about 270,000 people across their brands.
Nike
Location: Beaverton, OR 2022 Annual Revenue: $46.71 billion
Nike is synonymous with stylish sneakers and athletic gear. With stores worldwide, they have become one of the biggest sportswear brands. Collaborations with athletes and sports teams have boosted their brand recognition, resulting in a 2020 revenue of $37.4 billion. They employ over 75,000 people globally.
Ross Stores
Location: Dublin, CA 2022 Annual Revenue: $18.916 billion
Known for their unbeatable prices, Ross Stores has consistently ranked as one of the top clothing companies. The thrill of treasure hunting at their stores, where each location offers a unique merchandise selection, sets them apart. With 1,523 locations in the US, they have over 88,000 employees.
Gap Inc.
Location: San Francisco, CA 2022 Annual Revenue: $15.89 billion
Gap Inc., the parent company of popular brands like Gap, Old Navy, and Banana Republic, is one of the largest casual fashion retailers. With 2,406 stores in the US alone, they have the most locations globally for one brand. They are ranked as the third-largest clothing company in America.
Nordstrom
Location: Seattle, WA 2022 Annual Revenue: $15.69 billion
Nordstrom, a department store with 100 stores across the US and Canada, is a go-to retailer for everything from clothing to home furnishings. Founded in 1901, they have a long-standing reputation for quality and variety. With over 74,000 employees, Nordstrom is a major player in the industry.
L Brands
Location: Columbus, OH 2021 Annual Revenue: $14.21 billion
L Brands, the parent company of popular brands like Victoria's Secret and Bath & Body Works, is a household name. With a spot on the Fortune 500 list, they have remained successful by acquiring and selling various other stores. Victoria's Secret and Bath & Body Works have been the core of their brand.
VF Corporation
Location: Denver, CO 2022 Annual Revenue: $11.8 billion
VF Corporation, a powerhouse in the clothing industry, owns brands like The North Face, Timberland, and Vans. With control over 55% of the US backpack market, they employ over 50,000 people across their brands. Their diverse portfolio keeps them at the forefront of the industry.
Burlington Stores
Location: Burlington, NJ 2022 Annual Revenue: $9.32 billion
Burlington Stores, a discount department store, comes in third behind TJX and Ross. With over 740 stores in 40 states, they cater to customers looking for affordable options. They rank as number 1394 on Forbes' list of the biggest companies.
PVH
Location: New York City, NY 2022 Annual Revenue: $9.155 billion
PVH is a huge corporation that owns brands like Tommy Hilfiger, Calvin Klein, and Van Heusen. Their recent popularity in the fashion industry, especially with the resurgence of 90s fashion, has resulted in increased sales. PVH employs nearly 35,000 people globally.
Tapestry
Location: New York City, NY 2022 Annual Revenue: $6.68 billion
Tapestry is the parent company of well-known brands like Coach New York, Kate Spade New York, and Stuart Weitzman. With these three brands, they have solidified their position as one of the largest American clothing companies. They have 18,100 employees across their brands.
Top 10 Largest Clothing Companies in the World
LVMH
Location: Paris, France Market Capitalization: $479.09 billion
LVMH, also known as Moët Hennessy Louis Vuitton, is a French luxury brand that owns prestigious fashion houses like Fendi, Givenchy, Bulgari, and more. Their portfolio spans across alcohol products, high-end fashion, perfumes, and accessories.
Hermès
Location: Paris, France Market Capitalization: $223.03 billion
Hermès stands out as a highly-valued standalone company. Known for its luxury goods, including clothing, perfumes, and accessories, their exclusive sales model has made them desirable since their founding in 1837.
Dior
Location: Paris, France Market Capitalization: $167.21 billion
Dior, founded in 1946, has a unique relationship with LVMH. Known for its designer styles, they have a global presence through their stores and online platforms.
Inditex
Location: Arteixo, Spain Market Capitalization: $107.47 billion
Inditex holds the title of the biggest fashion group globally. With brands like Zara, Bershka, and Pull and Bear under their umbrella, they are known for their unique approach to clothing manufacturing and quick turnaround times.
Richemont
Location: Bellevue, Switzerland Market Capitalization: $89.62 billion
Richemont is a Swiss company that owns luxury brands like Cartier, Chloé, and Montblanc. They rank as the third-largest luxury goods company in the world.
Luxottica
Location: Milan, Italy Market Capitalization: $83.35 billion
Luxottica is an Italian company specializing in eyewear. Their brands, including Ray-Ban and Oakley, are globally recognized. They also collaborate with other renowned brands to create their eyewear lines.
Fast Retailing
Location: Yamaguchi, Japan Market Capitalization: $75.84 billion
Fast Retailing, a Japanese company, operates brands like Uniqlo, Princesse Tam-Tam, and Theory. They have a significant presence globally and are considered an important clothing company.
Kering
Location: Paris, France Market Capitalization: $75.11 billion
Kering, another French company, owns luxury fashion brands like Gucci and Balenciaga. Their commitment to sustainable fashion has gained them recognition in recent years.
Adidas
Location: Herzogenaurach, Germany Market Capitalization: $31.56 billion
Adidas is the largest sports manufacturer in Europe, known for their sportswear and footwear. They have a global presence and cater to athletes and sports enthusiasts worldwide.
H&M
Location: Stockholm, Sweden Market Capitalization: $24.48 billion
H&M, a Swedish fast-fashion company, operates thousands of stores worldwide. With their flagship brand and subsidiaries, they are a major player in the industry.
Largest Clothing Companies FAQ
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Is apparel a good career path? Yes, apparel is a good career path for fashion enthusiasts. With various avenues within the industry, such as fashion design and trend forecasting, there are many opportunities to pursue.
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How much is the fashion industry worth? The global fashion market was valued at $1.7 trillion in 2022. The U.S. apparel industry accounts for $343.70 billion and is expected to reach $494.89 billion by 2023.
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Is the apparel industry growing? Yes, the global apparel industry is growing and projected to have a CAGR of 2.84% through 2027. The U.S. apparel industry is projected to grow at a CAGR of 1.96% through 2027.
