Inditex had the highest sales among the selected major apparel retailers and manufacturers, with revenues of approximately 34.5 billion U.S. dollars in fiscal year 2022. Hennes and Mauritz (H&M), and Fast Retailing were ranked second and third, respectively.
Leading apparel retail brands
Nike was recognized as the most valuable apparel brand in 2022, however, the company primarily designs, manufactures and deals with athletic apparel, footwear and sporting goods. On the other hand, Inditex, Hennes & Mauritz (H&M), and Ralph Lauren are retailers, who operate in the conventional apparel market. These companies cater to the apparel needs of men, women, children and in some cases infants.
Inditex owns many recognizable fashion apparel brands such as Zara, Massimo Dutti, Bershka, Pull and Bear, and Stradivarius—its most recognised brand being Zara. Inditex utilizes the fast fashion business model. Fast fashion companies manufacture have their garments prototyped in a very short amount of time. As a result, clothing items go from design to store shelves very quickly. Some retailers can manage this process in as little as 15 days. This also means they can market more collections throughout the year. Inditex has an impressive global reach. The company has more stores than its main competitors, H&M and Fast Retailing.
Sales of major apparel manufacturers and retailers worldwide in the fiscal year 2022
(in billion U.S. dollars)
Compiled from the annual reports of the listed companies.
Fiscal year end varies from company to company:
INDITEX - January 2023; Hennes & Mauritz (H&M) - November 2022; FAST RETAILING (UNIQLO) - August 2022; Gap - January 2023; PVH - January 2023; Ralph Lauren - April 2022; NEXT - January 2023; American Eagle Outfitters - January 2023; lululemon - January 2023; Victoria's Secret & Co. - January 2023.
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Fast Retailing. (May 31, 2023). Sales of major apparel manufacturers and retailers worldwide in the fiscal year 2022 (in billion U.S. dollars) [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/242114/sales-of-the-leading-10-apparel-retailers-worldwide/
Fast Retailing. "Sales of major apparel manufacturers and retailers worldwide in the fiscal year 2022 (in billion U.S. dollars)." Chart. May 31, 2023. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/242114/sales-of-the-leading-10-apparel-retailers-worldwide/
Fast Retailing. (2023). Sales of major apparel manufacturers and retailers worldwide in the fiscal year 2022 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/242114/sales-of-the-leading-10-apparel-retailers-worldwide/
Fast Retailing. "Sales of Major Apparel Manufacturers and Retailers Worldwide in The Fiscal Year 2022 (in Billion U.S. Dollars)." Statista, Statista Inc., 31 May 2023, https://www.statista.com/statistics/242114/sales-of-the-leading-10-apparel-retailers-worldwide/
Fast Retailing, Sales of major apparel manufacturers and retailers worldwide in the fiscal year 2022 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/242114/sales-of-the-leading-10-apparel-retailers-worldwide/ (last visited August 25, 2024)
Sales of major apparel manufacturers and retailers worldwide in the fiscal year 2022 (in billion U.S. dollars) [Graph], Fast Retailing, May 31, 2023. [Online]. Available: https://www.statista.com/statistics/242114/sales-of-the-leading-10-apparel-retailers-worldwide/