Walmart remained steady in its No. 1 spot as the top retailer based on sales, while Amazon climbed and Target dropped, according to Stores Magazine’s annual Top 100 Retailers list, released by National Retail Federation (NRF) and Kantar Retail.
Innovation in shopping options is key to remaining on top, with Stores Magazine citing “creative disruption” and “reinventing physical stores as places for brand experiences” as key factors for success. Dollar and discount stores made significant jumps in the rankings overall.
All of the Top 10 stores on this year’s list are the same as last year, and the order of the top four remains the same: Walmart, Kroger, Costco, and The Home Depot.
All of the retailers on the list except for Target experienced sales growth, which contributed to the retailer’s fall in the rankings (down 2 slots from No. 6 last year). Among the other notable shifts:
- CVS Caremark moved up to No. 5 up from 7 last year,
- No. 6 Walgreens Boots Alliance was down from 5,
- Amazon climbed from No. 8 to 7,
- Lowe’s also moved up one slot (No. 10) to 9,
- No. 10 Albertsons was down from 9,
- and Dollar General, previously No. 22 spot, made the Top 20 for the first time.
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