Store chains may be in decline due to the increased prevalence of online shopping, but data suggests that stores are still central to today’s retail world.
The latest rankings from the U.S. National Retail Federation (NRF) show that the largest companies in the industry will still boast thousands of physical stores in 2020.
David Marcotte of Kantar SVP Retail Insights, who provided the data for the NRF listing, said the industry will face changes and challenges for the foreseeable future.
He said News week: “2019 was the last boring year with boring predictions. 2020 was chaos, with new realities in business every week.
â2021 was more stable but with fewer items, fewer promotions and less investment in the store; buyers still don’t seem to care about the experience.
“2022 will be interesting as competition returns and M&A” [Mergers & Acquisitions] Really takes off, but with a very fragile supply chain that makes any decision dependent on having the product on hand before it binds itself to buyers. “
Marcotte warned that the pandemic may not be the only threat to retailers on the horizon.
“Everything in 2021 and 2022 will revolve around the fragile supply chain, in which every single part is so heavily stressed that every little malfunction brings the whole thing to a standstill.”
These are the retail chains with the most stores in the US in 2020.
20. Apple Stores
Apple stores with long lines snaking around the block on the eve of the latest gadget release are ingrained in popular culture.
The release of the iPhone 13 in September 2021 was no exception, but many customers prefer to shop online.
19. HEB grocery store
The privately owned San Antonio-based supermarket chain has hundreds of stores across Texas.
Founded in 1905, the company has grown to become the largest private company in the country and the number 1 grocery retailer in the region.
In addition to being a giant in online retailing, Amazon has a number of stores: Amazon Books, the grocery store Amazon Fresh, 4-Star, and Pop UP.
Not bad for a company that started out selling paperback books out of a garage.
17. Costco Wholesale
Costco Wholesale is the second largest retailer in the United States with annual net sales of $ 102.8 billion
The retail store has a unique Member Warehouse Club model, which means that Costco products are only available to members.
16. Best buy
Best Buy is one of the leading providers of technology products, services and solutions in the United States
According to its website, the company is involved in more than 1.5 billion transactions each year.
15. Publix supermarkets
Publix is ââone of the fastest growing employee-owned supermarket chains in the United States
Founded in 1930, the grocery chain is now available in Florida, Georgia, Alabama, South Carolina, North Carolina, Tennessee, and Virginia.
14. Lowe’s company
Lowe’s is an American retail company specializing in home improvement.
The public can search for tools, appliances, building materials, carpets, bathrooms, lighting, and more, while professionals can take advantage of trade discounts.
Savvy shoppers in the United States use Target stores to purchase everything from groceries and staples to clothing and electronics.
The American retail group is considered the eighth largest in terms of sales in the United States
12. The home depot
Home Depot is the largest home improvement retailer in the United States, supplying tools, building products, and more.
Founded in the late 1970s, the chain can mostly be found in big box stores across the country.
11. Royal Ahold Delhaize
In addition to an extensive online presence, the Dutch food retail company operates supermarkets, convenience stores and hypermarkets.
10. Albertsons Company
This American food company is a staple of the US high street and reportedly had 270,000 employees in fiscal 2019.
Albertsons is also considered the second largest supermarket chain in North America.
Aldi has more than 10,000 supermarkets in 20 countries around the world.
Founded in 1946 by the brothers Karl and Theo Albrecht, the company now has an estimated total turnover of more than 50 billion euros (57.88 billion US dollars).
8. The Kroger Co.
Founded in 1883 by Bernard Kroger in Cincinnati, the American retail company is the largest supermarket in the United States by sales.
Kroger is also the seventh largest US-owned employer in the country.
7. Dollar tree
Dollar Tree, formerly known as Only $ 1.00, is a US chain of discount variety stores selling items for $ 1 or less.
The Fortune 500 company and operates more than 15,000 stores in the 48 contiguous US states and Canada.
6. CVS Health Corporation
CVS Health Corporation is a US healthcare company and one of the seventh largest companies in the world by revenue.
The company owns many brands including retail pharmacy chain CVS Pharmacy, pharmacy services manager CVS Caremark, and Aetna, a health insurance provider.
Walgreens Boots Alliance is, among other things, the holding company of the pharmacy chains Walgreens and Boots based in Illinois.
The company employs more than 450,000 people in more than 25 countries.
This American multinational retail group operates a chain of hypermarkets, discount department stores and grocery stores.
Walmart is the world’s top-selling company and the world’s largest private employer with 2.2 million employees.
3. Ace hardware
Ace Hardware Corporation is an American hardware retailer cooperative based in Illinois.
In addition to being the world’s largest hardware retail cooperative, Ace is also the largest U.S. non-grocery retail cooperative.
2. TJX company
This US multinational department store company is headquartered in Massachusetts.
The retailer is perhaps best known as the leading off-price clothing and home textiles retailer in the United States
1st dollar general
The retailer with the largest presence in the US sells an assortment of the most popular brands at competitive prices.
Dollar General has grown to be one of the most profitable businesses in rural America, with sales of approximately $ 27 billion in 2019.