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.
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