26 Mar '18, 10pm

Nike Is the World's Most Valuable Apparel Brand

Despite losing nearly a billion dollars in its third fiscal quarter , Nike remains the world’s top apparel brand. The loss in value hardly affects the brand’s overall value standings, which still place it nearly twice as high as its closest competition, H&M , according a report from Brand Finance. Though Nike lost nearly 12% of its overall value in the past year, it retains over $28 billion USD in worth, ensuring its stranglehold as the world’s most valuable clothing label. Its closest rival, adidas , weighs in at #4 with a mere $14 billion, while Under Armour slips to #19 after a relatively weak 2017. Outside of sportswear, scandals have rocked H&M to the point where only $2 billion USD separate the Swedish fast fashion powerhouse from Spanish competitor Zara . Meanwhile, Japan’s Uniqlo dropped from #5 to #9, widening the gap between its nearest challengers. In the luxury...

Full article: https://hypebeast.com/2018/3/nike-most-valuable-apparel-b...

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