America’s biggest apparel and footwear retailers rake in a massive amount of revenue each year.
Companies such as Nike and TJ Maxx are dominating the US retail landscape.
This list of the top retailers by annual sales is collated using data from Forbes’ recent Global 2000 list of the world’s largest public companies.
It’s not all doom and gloom in the retail sector. America’s biggest apparel and footwear retailers are continuing to rake in massive amounts of revenue each year.
We put together a list of the top retail companies in the US by annual sales numbers. The data is taken from Forbes’ Global 2000 report on the world’s largest public companies. This list includes all public companies with annual sales over $4.47 billion.
Find out which clothing companies are dominating American retail below:
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10. Tapestry – Coach, Kate Spade, Stuart Weitzman
Annual sales: $5.5 billion
Since it was founded in a Manhattan loft in 1941, Coach has grown into a multibillion-dollar company built on the success of its handbags.
In 2017, it changed its name to Tapestry after acquiring the Kate Spade brand for $2.4 billion earlier that year. The company also owns shoe retailer Stuart Weitzman.
9. Burlington Stores
Annual sales: $6.1 billion
Discount retailer Burlington Stores started out as a coat and suit wholesaler in New Jersey in 1972 but has since grown to 567 stores across 45 states in the US and Puerto Rico.
The store sells clothing at a discount of up to 65%.
8. PVH — Tommy Hilfiger, Calvin Klein, and Heritage Brands
Annual sales: $8.9 billion
Calvin Klein and Tommy Hilfiger are two of the best-known brands in the US and have been around since 1968 and 1985, respectively. They now account for the majority of sales at their parent company, PVH Corp.
These two labels have experienced a resurgence recently as ’90s fashion has come back into vogue.
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Source:: Business Insider