The top ten power players of last year remained in the chart, even if some exchange positions by continuously moving up and down a notch. This is according to the National Retail Federation.
4fba10fa4b972 used U.S. sales in ranking the retailers last year. To get the U.S. sales, the NRF used different kinds of methods, which were not disclosed to the public. That is why some research made by other companies does not coincide with that of the research firm.
According to the National Retail Federation, while a few of the top 10 inched down or up a few notches, none fell off the list from the year prior. Non-retailing operating segments revenue gasoline sales from total retail sales. And if the operation is franchise system, wide sales will be given. Because of these reasons, convenience stores did not make it in the chart.
Apparel retailers did not even make it to the top ten. It was the overall discounters and grocers that are winning the top ranks.
At top ten is Best Buy, a two traditional electronic retailer, which made $37.3 billion in sales from all its 1,192 stores all over the U.S.
Best Buy sales went up 17%, thanks to the sales of High-definition televisions, netbook computers and smartphones. While entertainment softwares like, games CDs and DVDs went down 3%. They will boost their sales even more with the newly launched video download services. Having the same programs such as Amazon, Blockbuster, Apple and Netflix, Best Buy will find it easy to use the new video download program to increase sales even more.
On number nine is Sears. Sears is also last year’s number nine. This company’s sales are steadily declining due to the many discounts they offer on major appliances. But they have just launched a market place in its website to encourage investors.
Lowe’s is at number eight. From its decrease in sales last year, the company has just increased for 2.4 percent for the first three months in 2010. Government stimulus programs have been a great help in boosting the company’s sales.
Next is CVS Caremark at number seven. It increased for 13% from its $55.4 billion sales in 2009. Buying Long’s drug store in 2008 is the biggest sales booster move CVS made.
Then Costco is at number 6 with $56.5 billion in sales.
Following Costco is Home Depot at number 5, which relies on the performance of the housing market just like with Lowe’s.
Walgreen comes in at the 4th spot moving two places up compared to its prior performance last year. Duane Reade’s acquisition of $618 million is the biggest factor that would help Walgreen in giving a bigger fresh- and prepared-food selection in stores.
3rd is Target, which created 16% from its 2009 $63.4 billion sales with the company’s PFresh grocery segment.
Next to Target is the grocery store Kroger at number 2. The company is battling competition and is doing great so far by strengthening the loyalty of its customers.
First on the list is of course, Wall-Mart. This giant grocery store expects to create more than $100 billion annually. With the $304.9 billion it made last year, its grocery business is deemed to dominate the realm of retailing for this year.
