United States (US) Apparel Retail Market Summary, Competitive Analysis and Forecast to 2028

Apparel Retail in the United States industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

– The apparel retail market is segmented into childrenswear, menswear, and womenswear. The market value represents retail sales.

– The US apparel retail industry recorded revenues of $421.1 billion in 2023, representing a compound annual growth rate (CAGR) of 3.9% between 2018 and 2023.

– The womenswear segment accounted for the industry's largest proportion in 2023, with total revenues of $211.1 billion, equivalent to 50.1% of the industry's overall value.

– The industry growth during 2018-23 is attributed to fast fashion, ecommerce expansion, increased brand awareness, lifestyle changes, seasonal promotions and discounts, and marketing strategies of companies.

Scope

– Save time carrying out entry-level research by identifying the size, growth, and leading players in the apparel retail market in the United States

– Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the apparel retail market in the United States

– Leading company profiles reveal details of key apparel retail market players’ global operations and financial performance

– Add weight to presentations and pitches by understanding the future growth prospects of the United States apparel retail market with five year forecasts by both value and volume

Reasons to buy

- What was the size of the United States apparel retail market by value in 2023?

- What will be the size of the United States apparel retail market in 2028?

- What factors are affecting the strength of competition in the United States apparel retail market?

- How has the market performed over the last five years?

- Who are the top competitors in the United States's apparel retail market?

Companies mentioned

Walmart Inc

Target Corp

Macy's Inc

The TJX Companies Inc

Table of Contents

Table of Contents

1 Executive Summary

1.1. Market value

1.2. Market value forecast

1.3. Category segmentation

1.4. Geography segmentation

1.5. Market rivalry

1.6. Competitive landscape

2 Market Overview

2.1. Market definition

2.2. Market analysis

3 Market Data

3.1. Market value

4 Market Segmentation

4.1. Category segmentation

4.2. Geography segmentation

4.3. Market distribution

5 Market Outlook

5.1. Market value forecast

6 Five Forces Analysis

6.1. Summary

6.2. Buyer power

6.3. Supplier power

6.4. New entrants

6.5. Threat of substitutes

6.6. Degree of rivalry

7 Competitive Landscape

7.1. Who are the leading players?

7.2. What strategies do the leading players follow?

7.3. What are the most recent market developments?

8 Company Profiles

8.1. Walmart Inc

8.2. Target Corp

8.3. Macy's Inc

8.4. The TJX Companies Inc

9 Macroeconomic Indicators

9.1. Country data

10 Appendix

10.1. Methodology

10.2. Industry associations

10.3. Related MarketLine research

10.4. About MarketLine

List of Tables

List of Tables

Table 1: United States apparel retail industry value: $ million, 2018–23

Table 2: United States apparel retail industry category segmentation: % share, by value, 2018–23

Table 3: United States apparel retail industry category segmentation: $ million, 2018-23

Table 4: United States apparel retail industry geography segmentation: $ million, 2023

Table 5: United States apparel retail industry distribution: % share, by value, 2023

Table 6: United States apparel retail industry value forecast: $ million, 2023–28

Table 7: Walmart Inc: key facts

Table 8: Walmart Inc: Annual Financial Ratios

Table 9: Walmart Inc: Key Employees

Table 10: Walmart Inc: Key Employees Continued

Table 11: Walmart Inc: Key Employees Continued

Table 12: Walmart Inc: Key Employees Continued

Table 13: Target Corp: key facts

Table 14: Target Corp: Annual Financial Ratios

Table 15: Target Corp: Key Employees

Table 16: Target Corp: Key Employees Continued

Table 17: Macy's Inc: key facts

Table 18: Macy's Inc: Annual Financial Ratios

Table 19: Macy's Inc: Key Employees

Table 20: Macy's Inc: Key Employees Continued

Table 21: The TJX Companies Inc: key facts

Table 22: The TJX Companies Inc: Annual Financial Ratios

Table 23: The TJX Companies Inc: Key Employees

Table 24: United States Size of Population (million), 2019–23

Table 25: United States real GDP (Constant 2010 Prices, $ billion), 2019–23

Table 26: United States GDP (Current Prices, $ Billion), 2019–23

Table 27: United States Inflation, 2019–23

Table 28: United States Consumer Price Index (Absolute), 2019–23

Table 29: United States exchange rate, 2018–23

List of Figures

List of Figures

Figure 1: United States apparel retail industry value: $ million, 2018–23

Figure 2: United States apparel retail industry category segmentation: $ million, 2018-23

Figure 3: United States apparel retail industry geography segmentation: % share, by value, 2023

Figure 4: United States apparel retail industry distribution: % share, by value, 2023

Figure 5: United States apparel retail industry value forecast: $ million, 2023–28

Figure 6: Forces driving competition in the apparel retail industry in the United States, 2023

Figure 7: Drivers of buyer power in the apparel retail industry in the United States, 2023

Figure 8: Drivers of supplier power in the apparel retail industry in the United States, 2023

Figure 9: Factors influencing the likelihood of new entrants in the apparel retail industry in the United States, 2023

Figure 10: Factors influencing the threat of substitutes in the apparel retail industry in the United States, 2023

Figure 11: Drivers of degree of rivalry in the apparel retail industry in the United States, 2023

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