Apparel market to reach $600 Billion by 2015

Yesterdays Index did not move, keeping its previous day position

at 1029.41 points. However, the international fashion and apparel market was far from remaining static. Retail stocks turned higher Wednesday following two days of declines, after the Institute for Supply Management's factory index posted an unexpected rise in August.

In this vein and without any doubt, G-III Apparel Group surprised the market with an unexpected $3 Million Profit. The notice was made public before the market opened in USA and its aftermaths are still shaking the apparel quoted market. The American retailer reported fiscal 2010 2nd quarter net income of $3.0 million, or 15 cents per share, compared to a net loss of $2.8 million, or 17 cents per share, a year earlier. In other words, the company's revenue rose 39% to $189.0 million, up from $135.9 million a year earlier. Within the FashionUnited Top 100 Index these figures were resembled by a hike of 4.31%.

Talking in general terms, a new insight study has just released forecasting the world branded apparel market to reach $600 Billion by 2015. According to Global Industry Analysts, Inc. (GIA), although currently tempered by the economic recession, world market for branded apparel is nevertheless expected to recover poise and gain momentum over the next few years to reach US $600 billion by the year 2015.

As stated by ‘Apparel: A Global Strategic Business Report’, United States represents the world’s largest branded apparel market accounting for an estimated share of 29.26%, closely followed by Europe. However, growth in the branded apparel market remains encouraging in developing regions such as, Asia-Pacific, which displays the fastest CAGR of about 2.34% over the analysis period. By product segment, Women's Branded Apparel market continues to remain the largest segment, accounting for an estimated share of almost 50% in the total global branded apparel market. The Children’s Branded Apparel market however is the fastest growing segment, displaying a CAGR of about 2.64% over the analysis period.

The FashionUnited Top 100 has shown the week’s corporate movements and buying recommendations by recognized banks and investment firms. It was the case of Wells Fargo & Co., whose securities equities research analysts upgraded shares of Gap from a “Market Perform” rating to an “Outperform” rating with a valuation range of $20.00 to $22.00 in a research note to investors on Tuesday. This upgrading was transformed into a 1.06% gain.
On its own, Reuters informed that Saks Inc shares surged 22 percent on Tuesday after a published report that a group of private equity firms may soon launch a bid for the New York-based luxury department store operator. The Daily Mail said a consortium of U.S. and British firms may make a cash offer of $11 per share, or $1.7 billion in all, for the company. The New Yorker retailing institution closed yesterday with an increase of 0.43%.

Finally, Wednesday’s session brought bad results for Ted Baker, with a drop of 19.5 points, Asics Corporation, losing 4 points and IC Companys, which fell 5.5.