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. In 2015, the market was valued at approximately 359 billion U.S. dollars

The apparel manufacturing industry in the United States employed about 87,242 people in 2015; which in retrospect seems quite minuscule 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. In 2015, the United States imported close to 88 billion U.S. dollars worth of apparel.

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 32.38 billion U.S. dollars in fiscal year 2016. Nike employed close to 71,000 people in that year as well.

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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