Stores magazine released this year’s Top 100 Retailers chart, ranking companies in the retail industry by sales volume.
The results revealed many of the largest retail companies in the U.S. experienced lower earnings compared to the previous fiscal year, and those that did experience gains in earnings, such as Wal-Mart (5.3%) saw single digit growth. Nonetheless, Wal-Mart held the number one spot on the chart, followed by Kroger.
Food retailing and economic choices have been driving the retail industry, and discount food sellers are prospering, which is good news for Wal-Mart and limited assortment grocers like Aldi, Save-A-Lot and Kroger’s Food4Less.
With convenience and foodservice options, c-stores held their own against other retail companies. In the top 30 were Safeway, which ranked 11, 7-Eleven which ranked 22 and saw a 14.9% growth in revenue from the previous year and Alimentation Couche Tard, which came in at 25.
Competitors McDonald’s ranked 16 and Starbucks 36.
This year’s results were compiled by the London-based research firm Planet Retail. Some sales totals are estimates, primarily for closely held companies that don’t make such information public.
For more information visit: www.stores.org/pdf/09Top100chart.pdf