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US' largest retailers hold onto top spots
Jun '17
The US’ largest retailers have held onto their top spots by focusing on value and embracing new ways consumers are shopping, according to the annual Top 100 Retailers list by the National Retail Federation’s STORES Magazine and Kantar Retail. The top 100 retailers are listed by US sales, which may include estimates for private or closely held companies.

“Retailers will always be measured by sales numbers, and ranking the leaders is important. But so are the stories behind the numbers - it’s those stories that bring the Top 100 to life. The nation’s largest retailers are posting strong vitals. They’re embracing creative disruption, reinventing physical stores as places for brand experiences and exploring new ways to connect with the consumer,” STORES media editor Susan Reda said.

All of the Top 10 stores in the Top 100 list published in the July issue of STORES are the same as last year, and the order of the top four remains the same: Wal-Mart followed by Kroger, Costco and The Home Depot.

“At 55 years old, Walmart may be the oldest new kid on the block, but it still has the energy and mindset of a startup as it continues to successfully battle the competition,” Reda said.
Coming in at number five is CVS Caremark, moving up from number seven last year, followed by number six Walgreens Boots Alliance (down from number five), number seven Amazon (up from number eight), number eight Target (down from number six), number nine Lowe’s (up from number 10) and number 10 Albertsons (down from number nine).

All but Target showed sales growth, with Amazon’s rise attributed to investments in apparel, groceries and mass market. Poised to possibly move into the Top 10 in the future was Royal Ahold Delhaize USA, which rose to the number 11 spot from number 17 after spending nearly three years upgrading its stores.

Other noticeable changes included the success of dollar stores, where revenues have grown drastically over the last year. Dollar General (previously number 22) edged into the Top 20 for the first time after seeing an 8.5 per cent increase in revenue.

“This year’s Top 100 manifests a number of trends we see across the industry. Multi-format retailers are powering growth, online is ascendant and aggregation by traditional channel definitions doesn’t provide the same scale advantages it once did,” Kantar Retail chief insights officer Leon Nicholas said. (SV)

Fibre2Fashion News Desk – India

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