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20 companies dominate the world's fashion industry. Here's who makes the list.

10. Kering — Gucci, Alexander McQueen, Balenciaga

10. Kering — Gucci, Alexander McQueen, Balenciaga

Economic profit: $943 million

Luxury conglomerate Kering has some of the best-known high-end labels in its empire. They include Gucci, Alexander McQueen, and Balenciaga, among others.

Gucci has exploded in popularity in recent months, especially among millennial and teen shoppers. It was ranked the second-hottest brand on a recent survey by Lyst and was ranked as the 10th most popular apparel brand in a survey of teen spending in April. Sales grew 46.6% in the first quarter of 2018 at Gucci and were up 35.1% in its most recent quarter, according to Kering.

Read more: Gucci has become hugely popular with teens and millennials. We visited a store and saw why they love it despite the high price tags.

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9. Adidas

9. Adidas

Economic profit: $1.06 billion

German athletics brand Adidas continues to be one of the leading global fashion companies.

In recent years, it has been doubling down on the US market and has seen positive results because of this, capturing more market share and reporting 30-40% gains.

Read more: Adidas CEO reveals how the company pulled off a startling American turnaround, what he thinks the future of sportswear will be, and why Kanye West is still good for business

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8. Ross Stores

8. Ross Stores

Economic profit: $1.06 billion

Off-price retailer Ross Stores is known for offering a wide selection of well-known brands at discounted prices and providing customers with a treasure-hunt shopping experience that's hard to replicate online. It has been hailed as a "retail treasure" by analysts.

Read more: The chain hailed by Wall Street as a 'retail treasure' runs the most disastrous store we've ever seen

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7. Richemont — Cartier, Chloé, Net-a-Porter

7. Richemont — Cartier, Chloé, Net-a-Porter

Economic profit: $1.07 billion

Richemont is the parent company of a host of jewelry and watches brands such as Vacheron Constantin, Cartier, and IWC Schaffhausen.

It also owns Net-a-Porter, the online fashion store selling a wide mix of designer brands.

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6. H&M Group

6. H&M Group

Economic profit: $1.28 billion

H&M is best known for its cheap namesake brand but also runs more expensive stores such as & Other Stories and Cos.

H&M was considered one of the pioneers of the fast-fashion movement and continues to be one of the leading apparel companies in the world. However, in recent years, it has come under pressure as more nimble online brands have sped up supply-chain times.

Read more: The biggest difference between Zara and H&M explains why one is thriving while the other is flailing

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5. Hermès

5. Hermès

Economic profit: $1.35 billion

Luxury French brand Hermès is best known for its silk scarves and hand-stitched $10,000 Birkin handbags.

In its most recent quarterly results, it reported strong sales growth and a 14% increase in revenues in China, despite concerns of a potential slowdown in customer spending there.

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4. TJX Companies — TJ Maxx, Marshalls

4. TJX Companies — TJ Maxx, Marshalls

Economic profit: $1.97 billion

TJX Companies, the parent company of several off-price chains in the US, including TJ Maxx and Marshalls, is leading the American off-price market.

TJ Maxx offers discounts of between 20-60% on well-known brands and has reported strong same-store sales numbers for several years.

Read more: TJ Maxx has thrived while other retailers struggle in an evolving shopping industry. We shopped there and saw why.

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3. LVMH — Louis Vuitton, Givenchy, Dior, Marc Jacobs

3. LVMH — Louis Vuitton, Givenchy, Dior, Marc Jacobs

Economic profit: $2.33 billion

Headquartered in Paris, LVMH is a luxury goods conglomerate that owns a wide range of designer brands including Louis Vuitton, Loewe, Céline, and Givenchy.

In the first nine months of 2018, revenues were up 10% at the company. Fashion and leather goods make up the largest portion of its business.

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2. Nike

2. Nike

Economic profit: $3 billion

Nike does not only dominate the US athletic footwear market but is also considered to be one of the most powerful brands in the world.

In recent years, it has come under pressure in the US and lost sales to German rival Adidas, which has been offering new and differentiated products and reacting quickly to market demand.

Read more: Take a look around Nike's enormous new flagship store in New York City, complete with the world's largest for-sale collection of Nike shoes

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1. Inditex — Zara, Massimo Dutti, Pull & Bear

1. Inditex — Zara, Massimo Dutti, Pull & Bear

Economic profit: $4 billion

Spanish-headquartered Inditex is the retail powerhouse behind brands such as Zara, Massimo Dutti, and Pull & Bear.

The company was founded by billionaire Amancio Ortega, who opened the first Zara store in northern Spain in 1975. Zara has since grown to become an enormous, 2,000-store chain, with a presence in 96 countries around the world.

Read more: Zara is part of the biggest fashion company in the world. Meet the other brands it owns.

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Here is the full top 20 list, ranked:

Here is the full top 20 list, ranked:
  1. Inditex – Zara, Massimo Dutti — $4 billion
  2. Nike — $3 billion
  3. LVMH – Louis Vuitton, Givenchy, Dior, Marc Jacobs — $2.33 billion
  4. TJX Companies – TJ Maxx, Marshalls — $1.97 billion
  5. Hermès — $1.35 billion
  6. H&M — $1.28 billion
  7. Richemont — Cartier, Chloé, Net-a-Porter — $1.07 billion
  8. Ross Stores — $1.06 billion
  9. Adidas — $1.06 billion
  10. Kering — Gucci, Alexander McQueen, Balenciaga — $943 million
  11. L Brands — Victoria's Secret, Pink — $876 million
  12. Pandora — $871 million
  13. Fast Retailing — Uniqlo, Theory — $783 million
  14. Next (British clothing company) — $713 million
  15. VF Corporation — The North Face, Vans, Lee — $646 million
  16. Luxottica — $626 million
  17. Michael Kors — $597 million
  18. Gap — $537 million
  19. Hanes Brands — $495 million
  20. Burberry — $446 million
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