The top three U.S. tech companies, Alphabet Inc., Apple Inc. and Amazon.com Inc., announced plans to open hundreds of stores, expand and expand in new markets, according to a survey of the top U.K. apparel companies published Wednesday.
The companies are also adding stores in Europe, India and elsewhere, the survey of more than 700 apparel companies found.
AOL said its e-commerce business will be “expanded to more stores and expand to more categories, starting with the apparel category in the U.KS.”
The company’s stock jumped 3% to $66.85.
The survey, which polled nearly 800 apparel companies, found that the top 10 global apparel retailers by revenue grew 6% between 2015 and 2017.
The top 10 European retailers grew 7.5%, and India’s top 10 retailers increased 5%.
Alibaba Group Holding Ltd., Amazon.co.jp and Snapdeal Ltd.
also saw growth in apparel sales.
The Top 5 U.k.
Fashion Companies in 2017 The survey found that a significant percentage of the apparel companies are looking to open new stores in the next year, or in the years to come, as they seek to meet consumer demand for apparel.
The apparel companies were surveyed on the number of apparel stores they plan to open in 2017, 2018, 2019 and 2020, and the types of stores they would consider opening.
The surveyed companies include Gap Inc., Kmart, Macy’s Inc., Zara Group, Gap, Target Corp. and H&M.