Top 5 Fashion Retail Brands for 2018.
The way industry has undergone dramatic changes over the years, with waves upon waves of new trends aggressively disrupting the industry'south landscape in a profound way. In contempo years, the "fast fashion" trend (describing the fast step through which the latest designs are translated into affordable clothing) stands out as 1 of the greatest disruptors of the way business in the 21st century.
What is most surprising, nonetheless, is that not only has fast way retailers become the dominant leaders of the mode manufacture as a whole, but they are besides more often than non family-owned businesses. In fact, family businesses brand up the unabridged list of the globe's largest clothes retailers in the world, highlighting how the fast decision-making process that is unique to family businesses can be leveraged to revolutionize and boss industries.
Take a dive into the listing of the top five largest manner and clothing retailers in the world (ranked by revenue, 2018):
5. L Brands
Land: The states
Revenue: $12.6 billion
Owning Family: Wexner
Founded in 1963, the L Brands family includes some of the world'due south most recognizable retail banners, such as Victoria's Hole-and-corner, Pink, Bath & Body Works, Henri Bendel , and La Senza.
The son of Russian Immigrants, Leslie Herbert Wexner, started with a unmarried store named The Express in Columbus, Ohio, and beginning-year sales of $160,000. He expands the business through a series of acquisitions, securing 100 locations past 1976, and a listing on the New York Stock Exchange in 1982. That same year, the visitor acquired Victoria's Secret and their six locations.
Today, L Brands operates more than than 3,000 stores with specialty brand sales in fourscore countries and more than than 800 franchised locations globally. Leslie H. Wexner remains the company's chairman and chief executive officer.
four. The Gap
Country: The states
Revenue: $ 15.9 billion
Owning Family: Fisher
The Gap was founded in 1969 by Doris and Donald Fisher in Ocean Avenue, San Francisco. The couple invested $63,000 into the company, which recorded an astounding $two meg in sales in just two years. The retailer soon began to aggressively pursue expansion in the local market, managing 25 outlets by 1973. The decades that followed would encounter the company aggrandize under the leadership of the Fisher family into international markets and establish itself as a powerhouse in the fashion manufacture.
Today, The Gap controls v international brands – Gap, Assistant Commonwealth, Old Navy, Athleta, and Intermix – and manages over three,165 stores in 90 countries, with an additional 459 stores operating under franchise agreements. Although the Fisher family is no longer active in the day-to-day running of the company, they maintain a 44 percent stake.
3. Fast Retailing Co.
Land: Japan
Acquirement: $xviii.2 billion
Owning Family unit: Yania
Fast Retailing Co is a Japan-based mode retailing company best known for its leading subsidiary UNIQLO. The company can trace its roots to 1949 when a tailor past the name of Hitoshi Yania founded a roadside menswear shop called Ogori Shoji. His son, Tadashi Yanai, began his career selling kitchenware and men'south clothing at a Jusco supermarket but soon joined the family business in 1972. In 1991, the company Fast Retailing Co and was listed on the Hiroshima Stock Exchange. Three years afterward, it became the fastest-growing retailer in Nippon, making Yanai Japan's richest individual.
Today, Fast Retailing Co is a leading player in the style industry with revenues of $18.two billion and was ranked 32nd on Forbes Most Innovative Company in the World list for 2018.
two. H&M
Country: Sweden
Revenue: $22.7 billion
Owning Family unit: Persson
H&Thousand is the second largest fashion retailing company in the world. Founded in 1947 past Erling Persson in Västerås, Sweden, the store (originally chosen Hennes) was a women's vesture specialty retailer. It after expanded to include menswear afterwards the successful acquisition of men's habiliment make Mauritz Widforss. The acquisition likewise resulted in a change of name to Hennes & Mauritz, which was later changed to H&K for easy pronunciation as the company began to expand into international markets.
Today, H&M controls global brands such as H&Yard, COS, Weekday, Cheap Monday and Monki and operates 4,739 stores in 71 markets, with 47 online markets. The company continues to exist actively managed past the Persson family unit, with Erling Persson'south son Stefan leading the firm every bit Chairman of the Board, while Stefan's son Karl-Johan works as President and CEO. The Persson family unit also collectively controls a 46 per centum stake and retains 74 per centum of the voting rights.
1. Inditex
Country: Kingdom of spain
Revenue: $28.viii billion
Owning Family: Ortega
Inditex, best known as the owner of Zara, is the largest fashion group in the world today, with revenues of $23.27 billion. The family-endemic concern can trace its ancestry to 1975 when Ortega Amancio, together with his wife Rosalia Mera, founded a small wearable retail store in A Coruna, Spain. Originally called Zorba, the store was forced to change its proper noun to Zara when it was discovered that another business concern went past the same proper name. In the 1980s, the company implemented a new pattern and distribution method that drastically reduced the fourth dimension betwixt design, production, and arrival at retail sites, incorporating emerging computer technology in the procedure.
Ever since, Zara has been at the forefront of the fast fashion revolution, operating a highly efficient supply chain and inventory system, allowing the latest designs from fashion shows in New York, Paris and Milan to be speedily translated into affordable clothing sold at Zara stores beyond the earth within but xv days. Inditex also manages a number of other brands including Zara Dwelling, Massimo Dutti, Bershka, Oysho, Pull and Deport, Stradivarius and Uterqüe, for a grand total of over seven,400 stores beyond 96 countries worldwide.
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