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The apparel market is the most important non-food consumer market within the worldwide retail sector. The market increase in online shopping and the continuing expansion of major clothing chains put pressure on the price levels of a growing market.
In 2017, the global total apparel sales reached $1.475 trillion, a growth of 4.4% from 2016. In terms of volume, it reached 154 billion pieces in 2017, a growth of 2.3%. The forecast for the compound annual growth rate (CAGR) of revenue from 2017 to 2021 is again 4.4%.
Today, the most valuable fashion brands in the retail industry are Inditex, H&M, Gap and Kering. Let’s take a look at these four mega-brands and see where they are today in the apparel market