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    Clothing Stores Industry Profile

    Report Page Length: 10-12
    Last Quarterly Update: 4/5/2021
    SIC Codes: 5611, 5621, 5632, 5641, 5651, 5661, 5699
    NAICS Codes: 4481
    Chapters Include:
    Industry Overview Trends & Challenges Industry Forecast
    Quarterly Industry Update Call Prep Questions Website & Media Links
    Business Challenges Financial Information Glossary & Acronyms
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    Excerpt from Clothing Stores Industry Profile

    Companies in this industry operate retail establishments that sell clothing and accessories. Major companies include Gap, L Brands, and TJX Companies (TJ Maxx, Marshalls) (all based in the US), along with H&M (Sweden), Inditex's Zara chain (Spain), and Topshop (owned by ASOS) (UK).

    Revenue for the global apparel and footwear industry reached $1.7 trillion in 2017, and is expected to grow by 2% by 2022, according to Euromonitor International. US retail sales fell by over 50%, with several companies filed for bankruptcy due to COVID-19, according to PR Newswire. Key growth drivers include sportswear sales and demand from emerging markets.

    The US clothing store industry includes about 96,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of almost $186 billion.


    Personal income and fashion trends drive demand for clothing. The profitability of individual companies depends heavily on effective merchandising and marketing. Large companies can offer wide selections of clothing and have advantages in purchasing, distribution, and marketing. Small stores can compete by offering unique merchandise, targeting a specific demographic, providing superior customer service, or serving a local market. The US industry is concentrated: the 50 largest companies account for about 70% of industry revenue.

    Competition for the clothing store industry includes department stores, discount and outlet stores, and internet and catalog retailers. The online and off-price apparel sales channels are growing rapidly -- especially among younger women ...

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