These two Florida-based retailers among list of top 25 fastest-growing companies in US
Two Florida-based companies have landed within the top 25 on the National Retail Federation’s “Hot 25” list of fastest-growing U.S. retailers.
Sanibel Island's Chico's clothing store and Winter Haven's Publix grocery stores saw a combined growth of over 32% from 2021 to 2022.
The Kantar-NRF U.S. Hot 25 Retailers list is an annual ranking of the nation’s most impactful and fastest-growing retail companies. Rankings are determined by year-over-year percentage increases in domestic sales. The focus on growth rate highlights hot, growing, companies without being overpowered by the largest retailers in the United States.
Here's what to take from the National Retail Federation’s annual list.
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Where did Chico's end up on the list?
The women's clothing and accessories retailer landed within the top 10, placing eighth among the fasted-growing companies in the U.S.
The ranking, compiled by Kantar Retail IQ, ballparked Chico's retail sales last year at $ 2.152 billion, an increase from $1.816 billion in 2021. They saw an increase of $335 million and overall growth of 18.50%.
Where did Publix land on the list?
The most recognizable and arguably most popular Florida grocery store saw the 18th spot on the list due to its 13.60% growth.
The ranking found that Publix's retail sales last year were $52.534 billion, a steady increase from $47.997 billion in 2021. They saw an increase of $6.537 billion.
Experts noted that Publix joined a few other grocery companies in growing without any mergers or acquisitions. Grocery Outlet, Publix, Schnucks, and H.E. Butt Grocery have grown largely by slowly expanding their strong regional footprints and adding services like delivery.
What is the fastest-growing retailer in the country?
Cheudraui is a Mexican grocery store and department store chain that also operates stores within the U.S., in the states of California, Arizona, New Mexico, Texas, and Nevada under the banner name of El Super and stores in Texas under the banner name Fiesta Mart.
According to Kantar-NRF U.S. Hot 25 Retailers list, the company saw a U.S. sales growth of 137.30%, reflecting Chedraui USA’s acquisition of the grocery chain Smart & Final.
The ranking put their retail sales last year at $7.447 billion, up from $3.138 billion in 2021. The $4.308 billion gain was enough to place them in the top spot on the list.
What does the top 25 look like?
The top companies include:
Cheudraui
Raley's Supermarkets
Primark Stores
Schwarz Group
7-Eleven
Superior Grocers
BJ's Wholesale Club
Inditex
Chico's
Ulta Beauty
Verizon Wireless
Costco Wholesale
Grocery Outlet
Sephora
Total Wine and More
Tiffany and Co.
Wine.com
Publix Super Markets
Chewy.com
Leslie's Poolmart
Schnucks
Harbor Freight Tools
Sherwin-Williams
Lululemon
H.E Butt Grocery
This article originally appeared on Fort Myers News-Press: Florida-based Publix, Chico's among fastest-growing companies in U.S.
