The STORES Hot 100 Retailers list was recently published; this annual list ranks the nation’s fastest-growing retail companies by year-over-year domestic sales growth. The top nine out of 10 all represent different retail segments (an indicator that growth is due more to management and strategy than any one specific vertical or category of product being particularly hot right now). Much of this growth is due to a strong economy and people feeling confident with their finances. People are specifically spending money on home improvement projects and health + beauty; they are also spending money to create personal ‘experiences.’
Here’s a quick look at the top three fastest growing retailers:
The #4 and #5 spots belong to Amazon and Wayfair, respectively; with Tapestry (home decor) and PetSmart coming in #6 and #7. Five Below (a site geared towards tweens and teens where everything is $5 or less), Ulta Salon, and Pet Retail Brands round out the top 10.
Keep in mind, all of these types of products can be resold on the retail secondary market when retailers experience returns. That being said, it’s important to have a recovery program in place to handle returned and overstock items.Request a Demo