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TJX tops Fortune 500 ranking of world’s largest apparel company, Nike is second

  

The global apparel market worth more than $750 billion in 2018, is expected to reach $1,200 billion by 2022. As per Fortune 500 rankings, TJX is the largest apparel company with revenues worth $41,717 million. The company deals in off-price apparels and home fashion products. It operates through four segments - TJX International, TJX Canada, Marmaxx, and HomeGoods. TJX’s CEO is Ernie L. Herrman and has about 320,000 employees:

TJX is followed by sportswear brand Nike on the second spot. Founded in 1976, Nike designs, develops, markets and sells athletic footwear, apparel, accessories, equipment and services. John J. Donahoe II is the CEO of the company headquartered in Beaverton, OR with over 75,000 employees.

The third largest apparel company according to the Fortune 500 rankings is Gap with revenues worth $16,383 million. Founded in 1969, this company is in the apparel retail business, and offers apparel, accessories, as well as personal care products for men, women and children. Sonia Syngal is the CEO of the company. Gap is headquartered in San Francisco, CA and has more than 117,000 employees.

VF Corp Founded with popular brands like: Supreme, Vans, Timberland, Kipling, Icebreaker, Dickies, Napapijri and The North Face ranks fifth in the list. L Brands and PV H follow in sixth and seventh positions respectively.

 
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