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Sep 30, 2022 · Feb 14, 2024. France is the leading country for the fashion industry in the world, according to the Brands Countries IPX by IFDAQ. Scoring above 3,000 index points, France was ahead of Italy ...
Oct 3, 2024 · How big is the US fashion industry? › According to our research: The global fashion industry is valued at $1.7 trillion as of 2023. The fashion market had a growth rate of 5.46% in 2017 and was projected to hit 6.2% by 2020. The United States fashion industry is valued at approximately $343.70 billion.
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Feb 10, 2022 · The State of Fashion 2022 The State of Fashion 2022 CONTENTS EXECUTIVE SUMMARY 10—11 GLOBAL INDUSTRY OUTLOOK 12—17 ECONOMY GLOBAL ECONOMY 20—39 01: Uneven Recovery CONSUMER How the Global Wealth Gap Is Impacting Fashion SHIFTS 02: Logistics Gridlock Li & Fung: Facing up to Vulnerabilities in the Supply Chain CONSUMER SHIFTS 40—63 03: Domestic Luxuries FASHION JHSF: Betting Big on a ...
- Fashion Is One of The Biggest Industries in The World
- Enue: $1.7 Trillion Dollar Industry
- The Covid-19 Pandemic Has Affected The Fashion Industry
- Post-Covid-19 Retail: Revenge Shopping
- Worldwide Apparel & Footwear Market Size
- Largest Apparel and Footwear Markets Worldwide
- Key Apparel Markets
- Leading Clothing Companies Worldwide by Market Capitalization
- Leading Clothing Companies with The Highest Brand Value
- The World’S Most Valuable Brands
“Fashion is one of the world’s most important industries, driving a significant part of the global economy. It is one of the key value-creating industries for the world economy. If it were ranked alongside individual countries’ GDP the global fashion industry would represent the seventh-largest economy in the world,’’ stated McKinsey in its State o...
Before the Covid-19 pandemic, the fashion industry global revenue was estimated between $1.7 trillion and $2.5 trillion according to two different research reports by Euromonitor and McKinsey. Source: Euromonitor International, a market research provider & McKinsey report 'State of Fashion 2022: An uneven recovery and new frontiers'. Source: McKins...
According to Euromonitor the global apparel and footwear market size shrunk in 2020 by -18.1% (to $1.45 trillion), while McKinsey states that the fashion and apparel industry suffered a 20% decline in revenues for the 2019-2020 fiscal year. Source: Euromonitor, June 2021 & McKinsey report State of Fashion 2022: An uneven recovery and new frontier, ...
After lockdown restrictions were lifted in many parts of the world, consumers headed back to the stores. With that the fashion industry returned to pre-pandemic levels. According to Euromonitor, the global apparel and footwear industry grew by 18.1% at current prices in 2020-2021, to $1.71 billion dollars in market size (retail value USD million) i...
*Retail Value RSP USD million Source: [Euromonitor International, a market research provider](https://fashionunited.com/companies/euromonitor-international)
The United States and China account for the majority of the global apparel demand. You find the five markets with the highest market size in 2021 in USD million below. Source: [Euromonitor International, a market research provider](https://fashionunited.com/companies/euromonitor-international)
Revenue generated from the women’s apparel market is much higher than that of men’s or children’s apparel. In 2018, womenswear made up more than half (53%) of global fashion retail spending. Spending on menswear accounted for 31% and childrenswear for 16%. States Common Objective in article in 2018, based on data from Market research provider, Euro...
In March 2022, The LVMH Group was by far the clothing company with the highest market capitalization, at approximately $367 billion dollars. This was over 150 billion dollars more than Nike, the company in second place, with a market cap of $216 billion dollars. Dior came in third with a market cap of $124 billion dollars, followed by Inditex with ...
Sportswear giant Nike claimed the title of the world’s “most valuable” apparel brand for the seventh year in 2021. Nike maintains a considerable lead over Gucci in second place, which has a brand value of 15.6 billion dollars, down 12 percent from 2020. Its noteworthy that the total value of the world’s top 50 most valuable apparel brands has decli...
Louis Vuitton is ranked the best performing fashion brand on position 9 of all brands (not only fashion) worldwide with a brand value of $47.2 billion dollars. Nike comes second, number 13 worldwide, with a brand value of $39.1 billion. Other fashion brands/companies in the Top 50 of valuable brands are Gucci on position 31 with a brand value of $2...
Dec 2, 2021 · Looking ahead to 2022, in aggregate, McKinsey Fashion Scenarios suggest global fashion sales will reach 96 to 101 percent of 2019 levels in 2021 and 103 to 108 percent in 2022. Still, while overall sales are expected to make a full recovery next year, performance will vary across geographies, with growth likely driven by the US and China, as Europe lags.
6 days ago · This kind of dominance is what earned France its position at the top of a ranking of the leading countries for the fashion industry in 2022. Uniqlo. Nine of the 10 brands in the ranking grew their value from 2021 to 2022. The exception was Uniqlo, the Japanese fast fashion retailer owned by Fast Retailing Co.
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Nov 29, 2022 · From a geographic perspective, China was the standout performer over 2021, as its economy recovered much faster than those of other countries. In 2022, the industry’s growth will likely be driven by both China and the United States, while Europe lags behind and will need the return of international tourism to recover fully (Exhibit 1).
