In a span of ten years, American companies have been progressively battling to gain more shares in the fashion sector, the percentage grew from a shy 20% to 50%.
American companies pursue the global retail market. With the TJX companies leading the top ten fashion retailers according to the latest data from Deloitte’s Global Powers of Retailing. The Deloitte Consultancy published its twenty-second edition of the Global Powers of Retailing and it’s an American group that takes the head. Ten years ago, the French luxury group Kering lead the list, however, the French group wasn’t event present in the edition of 2018, but made a comeback in the latest edition.
The array of companies in the top ten pertains to five American companies, which corresponds to 50%. The featured companies include the fashion giant distributor Gap, Nike, the L Brands group, Foot Locker, the TJX Max group. The other top-ranked companies in the fashion sector that closed the ranking of the ten leading retailers include the French luxury holding company, LVMH, Spanish fast-fashion retailer, Inditex, Swedish giant distributor, H&M, Japan’s retail company, Fast Retailing, and Primark’s holding group,
Associated British Foods.
In parallel, the latest lagger of the sector is US brand, American Eagle, which succeeded Ralph Laurent who exited the ranking of the Global Powers of Retailing after ranking as 243 in the previous edition.
50% of the top ten global retailers are from America
29 The TjX group
The TjX group ascended by three positions and now ranks 29, leading the apparel and footwear sector. The American off-price apparel group operates through four different companies such as Marmaxx, HomeGoods, TJX Canada, and TJX international has climbed three ranks in the latest Global Powers pf Retailing by Deloitte consultancy. The holding company saw an increase of 6.7% in its retail sales, 35.9 billion dollars. It operates in 10 countries and recorded 35.9 billion dollars in revenue, a 6.7% increase.
The French luxury company which operates in 70 countries is on a continuous rise, it increased its ranking by 3 and now ranks 32 on the list and lands second place in the fashion sector. LVMH reached a revenue of 33.3 billion dollars in retail for the year 2017. The holding house which also controls labels such as Louis Vuitton, Sephora, Loewe, Céline or Balenciaga increased its retail revenue by 11%.
Landing the third place in the top-ranked fashion retailers is Swedish giant, H&M, though the fast fashion retailer dropped its ranking by one, standing as 43, but remains third in the fashion sector following LVMH. The Swedish group which operates in 69 countries across the world increased its revenue by 10.6%, standing at 23.1 billion dollars. Its descent in ranking does not necessarily reflect on its revenue increase. The previous year, the group operated in 64 countries and recorded a revenue of 22.6 billion dollars a decrease in comparison to the latest data in the Deloitte’s report of 2019.
It’s the Spanish giant Inditex that secures the fourth place and improved its ranking by three points. The distributor giant operates in 96 countries and recorded a revenue of 28.9 million dollars, up by 9.7% compared to the previous year. The Spanish group which also owns Massimo Dutti, Bershka, Oysho, Pull and Bear among others is also experiencing a constant evolution in the list on a larger scale.
The Japanese group, Fast Retailing, the third-largest distributor secures the sixth place in the top ten and occupies position 56 in the top 250 of the Global Powers of Retailing. The group recorded a revenue of 16.8 billion dollars, up 15%. The Japanese group whose principal subsidiary is Uniqlo, controls several other brands, including J Brand, Comptoir des Cotonniers, GU, Princesse Tam-Tam, and Theory, among others.
The fourth-largest distributor increased its ranking scaling up by two positions landing the ranking 59 in the list of the Global Retailers and seventh on the top ten of fashion retailers. It reached a revenue of 15.8 billion dollars, up by 0.3% compared to the previous year. Gap lists as the third American company. Its other labels include Banana Republic, Old Navy, Forth & Towne, Piperlime, Athleta, among others.
L Brands group
The American group, which owns the Lingerie company, Victoria’s Secret secured the position 77, one position less than the previous year. The group is the third American company in the list, it places seventh in the listing of the top ten fashion retailers. L Brand recorded a revenue of 12.6 billion dollars 3.8% for that year.
The Kering group used to first in ranking in 2009
The sportswear and footwear have climbed 13 positions to secure the position of 96 in the 250 listed company and eight in the top ten of fashion retailers. The American Swoosh company grew its revenue by 19.2%, recording a revue of 10.4 billion dollars. Nike becomes the fourth American company to list in the top ten.
The French luxury group enters the list of the 250 companies of the report. Kering equally makes it into the top ten of the fashion retailers and lands the ninth place in the top ten. The French company used to lead the top ten back in 2009, since then it has been in and out of the Global Powers of Retailing. The group recorded revenue of 10.3 billion dollars up 13.3%. Kering also controls companies such as Gucci, Bottega Veneta, Saint Laurent, Alexander McQueen, among others.
Associated British Foods / Primark
The ABF group grew by one position in the ranking, the group which owns the Irish low-cost company Primark, is on a continuous climb. ABF recorded revenue of 8.9 billion dollars, up by 18.6% in its retail sales.
The American Sportwear and footwear company Footlocker closes the top ten fashion retailers. The company occupies the position of 133, having dropped 9 positions compared to the previous year. The fifth American company to feature on the top ten list, with a revenue of 7.8 billion dollars, up by 4.7%. The company operated in 26 countries at the time when the data was recorded.