Biggest Clothing Companies As Per Brand Value Nike is the biggest clothing company in terms of brand value with a valuation of $53 billion. French luxury brands Louis Vuitton (26.3 billion) and Chanel (19.39 billion) are the second and third most valuable brands globally.
The apparel market is dominated by the biggest companies. Nike is a standout performer, with the highest brand value of any mass apparel brand in 2024, at roughly 72 billion dollars. Moët Hennessy Louis Vuitton (LVMH) is another key player.
Key Insights on Major Apparel Exporting Countries (2023-24)
China dominates the global apparel market with a commanding 40 per cent share, reflecting its unmatched manufacturing capabilities.
A Gender Gap: Why Do Men Still Rule the (Fashion) World? More than 85% of majors from top fashion schools are female, but only around 14% of the top 50 major fashion brands are run by women.
Biggest players in fast fashion
Shein is the biggest fast fashion brand in the US with a 50% market share, its market share has doubled since March 2020. Zara is the second biggest fast fashion brand in the country with a 13% market share.
This statistic shows the average annual expenditure on women's and girls' apparel by consumers in the United States in 2023, by generation. In 2023, the 45 to 60 age group was the highest spender on women's and girls' clothing, spending 1,011 U.S. dollars on average in the year.
Women buy more clothing than men: True. Women are far more likely to purchase clothing across most apparel categories than men are.
Anna Wintour: The Most Powerful Woman in Fashion. With a nickname like “nuclear Wintour,” you can believe the longest-standing editor in Vogue's history to be many things.
France: France, particularly Paris, is often considered the global capital of fashion. It is home to iconic fashion houses, luxury brands, and renowned designers. The country's fashion heritage and influence are long-standing and highly regarded.
The United States and China account for the majority of the global apparel demand. You find the five markets with the highest market size in 2021 in USD million below. Revenue generated from the women's apparel market is much higher than that of men's or children's apparel.
The United States with apparel revenue of $365.70 billion, China ($313.82 billion), and India ($101.39 billion) are the biggest apparel markets globally. The average US household spends around $162 per month on apparel.
1) LVMH. LVMH has a market cap of $342.35 billion as of 2025, that's 21.7% of the combined market capitalization of the top 112 clothing companies.
Forever 21 and SHEIN are the brands that Gen Z is most likely to buy from when they're next shopping for clothes, followed by Old Navy, American Eagle and H&M.
The same report pointed out that although one in six individuals working in the fashion industry identifies as female, only 14 percent of the top 50 major fashion brands are run by women.
Women drive the bulk of purchases and account for up to 80% of consumer spending. 78.2% of women are the primary grocery shoppers for their families. Women tend to spend more on personal care products, healthcare, housing, and transportation, while men spend more on new vehicles, tobacco, and alcohol.
There has also been a noticeable increase in female CEOs over the last decade. According to an analysis by Challenger, Gray & Christmas (2019), the apparel industry hired the most female CEO replacements (67%), followed by real estate (42%), financial services (24.5%), and the food industry (23%).
Blacks and Hispanics spend up to 30% more than whites of comparable income on visible goods like clothing, cars and jewelry, the researchers found. This meant that, compared to white households of similar income, the typical black and Hispanic household spent $2,300 more per year on visible items.
46% of Gen Z spent more on fashion than anything else in 2022 (5WPR) Gen Z was the only generation to have clothing and fashion as their top spending category. 30% of Gen Z spent more on beauty and personal care than anything else, far more than any other generation.