News Formal

The World’s Largest Apparel Companies 2020: LMVH On Top While Nike Gains Foothold

  • 📰 Forbes
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 53%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Despite the gloomy outlook for today’s apparel retailers, the industry titans on the 18th annual Forbes Global 2000 list seem poised to survive.

market value and assets exceeding $108 billion, making it the 73rd largest public company in the world.

Sportswear giant Nike finished in a distant second among apparel companies, climbing 35 spots to become the 244th largest public company in the world. Fellow footwear maker Adidas also made strides, cracking the top 400 with more than $25 billion in sales. Canadian-based Lululemon, which came in 1209th overall, maintained last year’s momentum, clocking nearly $4 billion in sales, up from $3.2 billion last year. Thanks to the athleisure brand’s e-commerce surge and strong balance sheet, some analystsStill, for others on this list, the bad news may outweigh the good.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 394. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Seeking nominations for the most innovative chief marketing officers in the world in 2020 - Business InsiderWe're getting ready to publish Business Insider's fifth annual list of the most innovative CMOs, and we want to hear from you. So this IS the Burger King, finally.
Source: BusinessInsider - 🏆 729. / 51 Read more »