Amazon and Apple fastest growing US retailers | RetailDetail

Amazon and Apple fastest growing US retailers

Each year, Stores Magazine publishes their top 100 of US-based retailers, ranked on annual sales in their home market. This year, Amazon and Apple are the two fastest growing companies by a large margin, but Wal-Mart's lead seems unbridgeable. 

 

Amazon and Apple grow fastest

Amazon, the world's main online retailer, witnessed a sales growth of 46.2% last year – to 18.5 billion dollar (13 billion euro). Jeff Bezos's company jumps forward seven places, from 26th to 19th, mainly because of the huge success of e-reader Kindle. Amazon now sells more e-books than  hard copies. 

 

Apple Store – Steve Jobs's retail concept – grew from 6.7 to 18 billion dollars, which according to Stores is a growth of 32.3%. Any miscalculations put aside, the iPhone, iPod and iPad are phenomenal successes. 

 

Wal-Mart crushes the rest

As fast as these companies may grow, nobody comes near market leader Wal-Mart, whose sales are as high as those of the numbers 2, 3, 4, 5 and 6 combined. Their 307 billion dollar (216 billion euro) sales are just 0.6% higher than last year's, owing to the success of their smaller 'Express' stores in rural areas. There are no changes in the rest of the top 10 either, the only change is that numbers 9 and 10 swap places. 

"Not easy to stay at the top"

Susan Reda of Stores Magazine congratulates the top companies: “Remaining at the top of one of the most competitive business in the US is not easy. The biggest retailers have to keep up and invent new initiatives, in order to remain relevant – while on the other hand dealing with an ever growing competition with other companies, both from the US and abroad.”

 

 

 

 

Company

 

US sales in 2010 (million dollar)

 

Compared to 2009

1

 

Wal-Mart

 

307,736

 

0.6%

2

 

Kroger

 

78,326

 

6.4%

3

 

Target

 

65,815

 

3.8%

4

 

Walgreen

 

61,240

 

6.3%

5

 

The Home Depot

 

60,194

 

2.2%

6

 

Costco

 

58,983

 

5.5%

7

 

CVS Caremark

 

57,464

 

3.5%

8

 

Lowe’s

 

48,175

 

2.8%

9

 

Best Buy

 

37,110

 

-0.3%

10

 

Sears Holdings

 

35,362

 

-2.2%

 

The complete top 100 can be found at  www.stores.org/stores-magazine-july-2010/top-100-retailers
 

Each year, Stores Magazine publishes their top 100 of US-based retailers, ranked on annual sales in their home market. This year, Amazon and Apple are the two fastest growing companies by a large margin, but Wal-Mart's lead seems unbridgeable. 

 

Amazon and Apple grow fastest

Amazon, the world's main online retailer, witnessed a sales growth of 46.2% last year – to 18.5 billion dollar (13 billion euro). Jeff Bezos's company jumps forward seven places, from 26th to 19th, mainly because of the huge success of e-reader Kindle. Amazon now sells more e-books than  hard copies. 

 

Apple Store – Steve Jobs's retail concept – grew from 6.7 to 18 billion dollars, which according to Stores is a growth of 32.3%. Any miscalculations put aside, the iPhone, iPod and iPad are phenomenal successes. 

 

Wal-Mart crushes the rest

As fast as these companies may grow, nobody comes near market leader Wal-Mart, whose sales are as high as those of the numbers 2, 3, 4, 5 and 6 combined. Their 307 billion dollar (216 billion euro) sales are just 0.6% higher than last year's, owing to the success of their smaller 'Express' stores in rural areas. There are no changes in the rest of the top 10 either, the only change is that numbers 9 and 10 swap places. 

"Not easy to stay at the top"

Susan Reda of Stores Magazine congratulates the top companies: “Remaining at the top of one of the most competitive business in the US is not easy. The biggest retailers have to keep up and invent new initiatives, in order to remain relevant – while on the other hand dealing with an ever growing competition with other companies, both from the US and abroad.”

 

 

 

 

Company

 

US sales in 2010 (million dollar)

 

Compared to 2009

1

 

Wal-Mart

 

307,736

 

0.6%

2

 

Kroger

 

78,326

 

6.4%

3

 

Target

 

65,815

 

3.8%

4

 

Walgreen

 

61,240

 

6.3%

5

 

The Home Depot

 

60,194

 

2.2%

6

 

Costco

 

58,983

 

5.5%

7

 

CVS Caremark

 

57,464

 

3.5%

8

 

Lowe’s

 

48,175

 

2.8%

9

 

Best Buy

 

37,110

 

-0.3%

10

 

Sears Holdings

 

35,362

 

-2.2%

 

The complete top 100 can be found at  www.stores.org/stores-magazine-july-2010/top-100-retailers
 

Questions or comments? Please feel free to contact the editors


Microsoft builds competitor for Amazon Go

14/06/2018

Microsoft is working on its own technology that should render checkouts in stores obsolete. The American company says it wants to be an ally for the retail sector, mostly in its struggle against Amazon Go.

Amazon bans customers who return too much

24/05/2018

Amazon is putting a stop to customers that return too many items or that “misbehave” according to the retailer: whoever crosses the line, will be banned. Dozens of customers have taken to social media to complain about this unilateral account removal.

LVMH invests millions in fashion search engine Lyst

24/05/2018

French luxury group LVMH, led by Bernard Arnault, will invest millions of dollars in Lyst once again. The luxury fashion search engine wants to expand its global expansion this way.

Amazon now delivers packages to car trunks

25/04/2018

From now on, Amazon delivers orders to the trunk of your car. The retail and technology giant has given its Prime subscribers access to get packaged delivered to the trunk of their car, without any additional costs. The service is currently limited to the United States.

Dutch Beate Uhse division not bankrupt after all

05/04/2018

German Beate Uhse’s Dutch subsidiary has not gone bankrupt after all and will continue its activities in both Belgium and the Netherlands. The company revealed the information itself after bankruptcy rumours surfaced.

Amazon often cheaper than Dutch competitors

03/04/2018

Products that are available on both Dutch web shops and Amazon.de, are cheaper at Amazon in about half the cases. Not only do Dutch stores compete with Amazon.de, which ships to the Netherlands, but there are also rumours that Amazon.nl and Amazon.be will soon become more active.