What makes Inditex unique, is its fast production, usually consisting of new styles being prototype sin just 5 days based on customer feedback. The largest clothing manufacturers in the world are Inditex Zara, Fast Retailing (Uniqlo), Hennes & Mauritz (H&M), and many more covered by BizVibe on this list and a complete breakdown of the top clothing retailers in the world and the clothing retail industry as a whole. Independents Drapers Inspiring Independents 2020. 36% of firms expect to increase sourcing from Vietnam in the next 24 months. Discover who the top 10 clothing retailers in the world are in 2020? Our team of data analysts analysed the customer data through our emotion analytics engine Emotics to uncover the key emotions determining customer experience for each of the retailers. H&M is the second largest fashion retailing company in the world. This is BizVibe’s list of the top clothing retailers in the world by sales revenue based on 2019 fiscal year data. The fashion retail industry has a market value of several hundred billions of dollars, with the average price per product coming in at a healthy $19. But opting out of some of these cookies may have an effect on your browsing experience. This year, projections reported by WWD place the number at just under 10,000, “up 53 percent from the number of doors that went dark amidst the Great Recession in 2008.”. Digital innovation, rising globalization, and changes in consumer spending habits have catapulted the fashion industry into the midst of seismic shifts. But in terms of annual revenue, Hennes & Mauritz (H&M) beats out Inditex by a few hundred million dollars in … By … Brand . Launching and managing a fashion and retail business successfully requires much more than mere knowledge of the latest fashion trends. Currently, H&M operates in over 74 countries and has 5,076 stores globally. Current with its headquarters in New Albany, Abercrombie & Fitch reached global revenues of 3.59 billion USD — making the company of the top clothing retailers in the world by global revenues in 2020. Next Retail: A chain of 550+ retail branches in the United Kingdom. Over 600,000 mentions were gathered from 1st January to the end of November. Meanwhile, some of the shifts we will witness in the fashion system, such as the digital step change, in-season retail, seasonless design, and the decline of wholesale, are mostly an acceleration of the inevitable—things that would have happened further down the road if the pandemic had not helped them gain speed and urgency now. The Gap Headquarters: San Francisco, California, U.S. 5th on our list of the top clothing retailers in the world is American fashion retail company L Brands. The American clothing retailer Ralph Lauren Corporation ranks 7th on BizVibe’s list of the biggest clothing brands in the world. 3. About YouGov. Abercrombie & Fitch Global Number of Locations: 1,049. 55% of apparel and footwear sales originated from outside of North America or Europe. When starting a clothing line or new clothing brand, you should consider hiring an experienced business attorney to help you. The USA and China have the largest clothing retail markets in the world as of 2020. The company operates over 700 stores worldwide and is best known for its clothing, footwear, and home products. L Brands Headquarters: Columbus, Ohio, U.S. PVH is an American clothing retailer known for operating some of the most popular apparel brands in the world including Tommy Hilfiger and Calvin Klein. 3rd on BizVibe’s list of the top 10 clothing retailers in the world is H&M. Founded in 1846, Loewe is one of the world’s oldest major luxury houses. In 2019, Ralph Lauren achieved sales revenues of 6.31 billion USD. Find out which businesses made the list . If you own a fashion brand that sells a variety of clothing items, put together a style guide for your website so that visitors and subscribers can get ideas on how to wear your clothing, and even incorporate pieces into their existing wardrobe. The 9th most popular and the 27th most famous fashion & clothing brand . Operating over 1,000 stores worldwide, the brand is known for targeting a younger demographic with its styles and product. Ranking number 1 on BizVibe’s list of the top 10 clothing retailers in the world in 2020 is Inditex, a Spanish multinational clothing retailer owned by the Ortega family. … H&M’s current headquarters is located in Stockholm, Sweden. It later expanded to include menswear after the successful acquisition of men’s clothing brand Mauritz Widforss. Analysing fashion retailers in Europe is a difficult task as the market is constantly changing. L Brands is known for its flagship brands Bath & Body Works and previously Victoria’s Secret. Most fashion and retail business owners specialize in particular areas of the market only, such as men’s, women’s or kids’ clothing, party wear or casual wear, ethnic fashion or western fashion etc. Known for their casual wear, Abercrombie & Fitch was founded 127 years ago in 1892 in Manhattan, New York. Nevertheless, brands that specialize in footwear or sportswear tend to dominate the market. Hennes & Mauritz Headquarters: Stockholm, Sweden, Hennes & Mauritz Revenue 2019: 21.50 billion USD. Beyond 2020, the future of the clothing retail industry looks promising as the top clothing retailers continue to innovate with products, distributions and how the leading apparel manufacturers create products. Whichever area you specialize in, make sure to have a huge inventory, so that the customer does not go empty-handed from your store. It's part of their DNA but also define their purpose and business model. 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