Apparel is the fastest-growing category, according to the rankings

Apparel is the fastest-growing category, according to the rankings

The world’s top 10 apparel brands have grown in value by 29% and are now worth close to US$100bn, according to the 2014 Brandz Top 100 Most Valuable Global Brand rankings.

Apparel is the fastest-growing category in the rundown, outpacing retail’s 16% rate of growth, with Uniqlo, Nike and Adidas all recording double-digit increases in their valuations.

Nike soared up the charts to 34th position, overtaking Zara at 37, with Hermès at 41, Gucci at 60, H&M at 63 and Prada down at 96.

Among retailers, Walmart was ranked 22nd, well ahead of Tesco in 66th spot.

At the top of the rankings, Google overtook Apple after the internet business’s value surged up 40% to $159bn.

“This year’s index highlights the end of the recession, with a strong recovery in valuations and, for the first time, real growth across every category and the Top 100 as a whole,” said David Roth, CEO of The Store, WPP.