The Fashion Industry consists of companies that design and sell clothing, footwear and accessories. Product categories include everything from basics, such as underwear, to luxury items, for example, cashmere sweaters and alligator-skin handbags. Traditionally, Apparel companies are wholesalers, selling large quantities of goods to retailers, which mark up items and sell them to consumers for a profit. However, it’s become more difficult to draw a line between wholesalers and retailers; most Apparel companies now have both types of operations.
The Apparel Industry is fragmented and highly competitive. There are several major players, but there are also countless niche stores and private companies that cater to specific demographics. Too, general merchandisers and foreign companies bring more competition to the sector. Consequently, Apparel companies need to be nimble and highly efficient to survive in this cutthroat industry. Having the right product is also essential. Fashion trends change frequently, and companies need to adapt to varying consumer tastes quickly.
Companies in this industry manufacture garments made from purchased fabric and from fabric they produce themselves. Major companies include Hanesbrands, Levi Strauss, Michael Kors, PVH, Ralph Lauren, Under Armour, and VF Corporation (all based in the US), along with Prada (Italy).
Global apparel market is expected to have a growth rate of 2.84% between 2023 to 2027, according to Statista. Overall sales are expected to make a full recovery, with growth likely driven by the US, China, and Europe, according to the 2022 State of Fashion report by McKinsey & Company.
The US apparel manufacturing industry includes about 6,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $10 billion.
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One Response to “Fashion Industry Focus: Hanesbrands, Levi Strauss, Michael Kors, PVH, Ralph Lauren, Under Armour, VF Corporation and others…”
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July 14th, 2025 at 9:57 pm
The Fashion Industry has been around since Adam and Eve made clothing for themselves, and God provided them a more perfect coverings. This industry is a cutthroat system that many have to claw themselves upward each season.
With the impact of tariffs, we see the changes in the closure of many stores and companies; where we once purchased our clothing needs. We look at the cost and make decisions to revert back to clothing in our closets; We then look at these new clothing fashion trends of using different materials to make clothing for human needs. We look to see where this industry will go.
There are many small companies that are not well known, and as we go forward, as consumers we will be more open to giving them a chance to showcase their skills and tools. These conglomerate that have taken over this industry; need to be reminded that greed; and seclusions have to change.
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