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Published by P. Smith, Jul 22, 2024
This ranking depicts the leading apparel retailers in the United States in 2023, based on retail sales. In that year, TJX was the leading apparel retailer in the United States, with retail sales of about 41.9 billion U.S. dollars.
Global Apparel Industry
The global apparel industry features a number of well known and highly valuable brands. The revenue of the global apparel market is forecast to grow year on year, reaching 2 trillion U.S. dollars in 2028. The apparel industry is of great importance to the economy in terms of trade, employment, investment and revenue all over the world. This particular industry has short product life cycles, vast product differentiation and is characterized by great pace of demand change coupled with rather long and inflexible supply processes.
Even well-established brands have to work hard to maintain their share of the market, through social media and advertising. Consumers are demanding more versatile wear with wider functionality, which means retailers continue producing new styles of apparel for men and women.
Sales of selected apparel retailers in the United States in 2023 (in billion U.S. dollars)
| Characteristic | U.S. retail sales in billion U.S. dollars |
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