Ralph Lauren and Forever 21 bid farewell on the last Global Powers of Retailing ranking, prepared by Deloitte consulting. The US brands that continue in the list are Tapestry, Gap, Nike, L Brands and Tiffany.
American fashion loses power. Only five fashion brands from the United States continue in the ranking of the 250 largest retailers in the world, according to the last Global Powers of Retailing report, developed by Deloitte consulting.
Ralph Lauren and Forever 21, formerly two of the largest companies in the sector, are no longer part of the ranking this year. Among the most powerful retailers we find only four US fashion brands: Gap, in 59th place; L Brands, in 77th; Nike, in 96th position, and Tapestry and Tiffany that occupy the numbers 188th and 228th, respectively.
This is not the first year that US fashion loses positions. In the ranking of 2018 edition, two companies in the sector already left the club of the 250 largest retailers in the world: American Eagle Outfitters and Abercrombie & Fitch.
Last year two US companies were already excluded from the ranking: American Eagle Outfitters and Abercrombie & Fitch.
Fashion, standing strong
Among the 250 largest retailers in the world, forty are specialized in the fashion sector. The company that leads it is LVMH, in 32th place with a revenue of 48,057 million dollars in 2017. Inditex is the second fashion company. The Spanish giant climbed nine positions in the list to be ranked the number 35, the best position in its history.
H&M is the third strongest fashion company, according to the ranking made by Deloitte. The Swedish group in 43th place on the list, one place lower than last year. Fast Retailing, on the other hand, established itself as one of the largest companies in the sector. The owner of Uniqlo, which last year had already overtaken Gap, was placed in 56th position, two ahead of the 2018 ranking.
The rest of the fashion companies that are part of the top 100 of the ranking are L Brands, owner of Victoria's Secret, in 77th place; Decathlon, in 79th; the Otto Group e-commerce, in 83th; Nike, in 96th, and the luxury conglomerate Kering, which has gone from number 128 to 98.
Primark, Richemont, Foot Locker, C&A, Deichmann, Hermès, Next, Tapestry, Zalando Sports Direct, Tiffany, JD Sports and Intersport close the group of fashion companies that are included the Global Powers of Retailing ranking.