American fashion groups have gone from having a 50% share in the top ten fashion retailers to 40% according to the Global Powers of Retailing, which features 250 largest retailers across the world.
American lose ground in global market. American fashion groups have gone from having a 50% share in the top ten fashion retailers to 40% according to the Global Powers of Retailing, which features 250 largest retailers across the world. Although the TJX max group held tight to its crown, Foot Locker has left the top ten fashion retailers, the other three American companies who similarly didn’t budge from the top ten list are L Brands and the sportswear and footwear giant Nike, and the Gap group.
The TJX group increased its ranking from the previous year and now ranks 26 improving its ranking by three positions. The group improved its revenue by 7% and recorded sales revenue of 39 billion dollars. Not far off the American is Bernard Arnaud’s group LVMH, the French group has also improved its ranking from compared to the prior year and went from standing at 32 to 27. The French luxury group has improved its revenue by 12% and recorded a retail revenue of 37.8 billion dollars.
America loses 10% share in the global retail market as footlocker exits the list
Inditex, third in the top ten list, the leader in fashion distribution by revenue continued its climb in the ranking and improved its position by two and now stands at 33 out of the 250 retail companies, with a sales revenue of 30.8 billion dollars, up 9.3%. Following the Spanish fast fashion retailer is the Swedish giant, H&M, who didn’t budge since the preceding year and kept the stationary positioning of 43. That said, the H&M recorded sales revenue of 24.3 billion dollars, up 10.4%.
Meanwhile, Fast Retailing, fifth in the list, backpedaled and dropped four places in the global ranking to occupy the position of 56 in Deloitte’s publication. The Japanese retailer who remained in the top ten of the fashion leaders had sales revenues of 16.8 billion dollars, up by 15%. Gap, however, saw a slight increase in its position when it improved its positioning by one, the American group improved its revenue by 0.5%, compared to the 0.3% of the previous and recorded sales revenue of 16.9 billion dollars.
Another American group that continued in the top ten is the L Brands group, despite its decline in the ranking by one place, it now occupies the position of 78. The seventh in the top ten saw an increase of 4.2% in its sales, 13.2 billion dollars.
Fast Retailing backpedaled and dropped four places in the ranking
In eighth place is another French Luxury group, Kering. The group improved its ranking by ten and on the global list stands at 84. Kering, owner of brands such as Gucci, Bottega Veneta, Saint Laurent, and many others had sales of 12.1 billion dollars, 15.1% more than the previous year.
Following Kering, is Nike, ranking as ninth. The sports and shoe wear company improved its global ranking by eight positions and now occupies the place of 88, it recorded sales of 11.6 billion dollars, up 17.2%.
In tenth place and closing the ranking of the top ten in Associated British Foods (Primark), the group improved its ranking by ten and registered revenue of 10.1 billion dollars, up 11.8%. The lagger of the global list is equal to the previous year, American Eagle, with a revenue of 4 billion dollars, up 4.1%.