Revenue is great, engagement is critical, but the ultimate measure of any business is profitability. Every year Apparel examines the profit margin of the top apparel manufacturers and retailers and ranks the top 50 in its annual Apparel 50 report.
The report reveals some interesting trends: 1. China continues to be a growth market for apparel retailers as many on the list are working diligently to establish a presence in the thriving market. 2. Millennials continue to be a key demographic, vital to the survival on every retailer. 3. Foot traffic continues to decrease across the apparel segment, leading to increased store closings. 3. Sales continue to struggle for the majority of the segment.
