U.S. Apparel Market - Statistics & Facts

U.S. Apparel Market - Statistics & Facts

Statistics and facts on the Apparel market in the U.S.

The U.S. apparel market is the largest in the world, comprising about 28 percent of the global total and has a market value of about 331 billion U.S. dollar

The apparel manufacturing industry in the United States employed about 104,457 people in 2010; which in retrospect seems quite miniscule for being the largest global apparel market. However, one must remember that even though the majority of these apparel conglomerates are American based, many of them have their manufacturing plants in Asia. The United States imported about 9.74 units of apparel from China alone in 2011, a product value of approximately 29.4 billion U.S. dollars.

Nike, which name is derived from the greek goddess of victory, is the largest apparel company in the world and is headquartered in Beaverton, Oregon. It was founded on January 25, 1964 by Bill Bowerman and Phil Knight. Nike's revenue amounted to approximately 24.13 billion U.S. dollars in fiscal year 2012. Nike employs about 44,000 people.

The U.S. apparel market is always changing, attempting to adapt to customer trends and new technology that will allow the consumers shopping experience to be more enjoyable and ergonomic.

Photo: istockphoto.com / anikasalsera

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