retail

Bi-Lo, Michael Kors, Sprouts Fastest-Growing Stores

In its annual ranking of retailers, the National Retail Federation says Bi-Lo, Michael Kors Holdings, and Sprouts Farmers Markets are red-hot, with the fastest-growing sales. The annual ranking, which appears in the trade association’s Stores magazine and includes 100 retail brands, also names Lululemon Athletic, Apple Stores/iTunes, Under Armour, Amazon.com, H&M, Helzberg Diamond Shops and the Fresh Market in its top 10.

The list, which includes all public and private retailers with at least $300 million in sales and is compiled by Kantar Retail, is dominated by stores that “recognize shoppers’ desire for a relevant and personalized shopping experience and deliver products that speak to their unique sensibilities when it comes to lifestyle and fashion,” says Stores media editor Susan Reda in its announcement.

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It’s fast-fashion giant H&M’s first time on the list, with a U.S. sales jump of 21%, and the number of domestic stores increasing 16%. Specialty apparel concepts had a good year, with retailer Michael Kors climbing from No. 3 to No 2, on a 63% revenue jump. Lululemon grew 58%, although the ranked results don’t include the debacle of its recent yoga-pant recall. UnderArmour’s sales grew 33%.

Among the fastest gainers is Helzberg Diamond Shops, which vaulted from No. 60 last year to No. 9.

Bi-Lo, a collection of struggling supermarkets, including the recently acquired Winn-Dixie, Sweetbay, Harveys and markets in Reid’s Groceries in South Carolina, had an overall sales growth rate of 353%, but is just one of the food companies on the list. Whole Foods, Trader Joe’s, Festival Foods and Bodega Latina are all in the top 100. The magazine says the $450 billion grocery industry has long been reflective of retail in general, and it predicts further consolidation, with 20 supermarket chains eventually controlling 90% of the market.

Both dollar and convenience store chains had an increased representation in this year’s rankings, and the magazine predicts that trend will continue, as well.  And drug stores, which the magazine predicts will get a $15 billion increase as the result of pending healthcare changes, are also likely to remain in high growth mode.

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