While recent increases in retail sales have been modest, there are a few chains that are still on the up and up.
Below is a list of the 10 fastest growing retail chains in the U.S. These companies have managed to weather cautious consumer spending and lead the way in retail segment growth.
Regardless of Apple’s underwhelming unveiling of the iPhone 5S and 5C, they are the fastest growing retail chain in America. Over the past year, their sales growth has increased by 34.6%.
As the growth of mobile continues, AT&T is a leading force of growth in the sector. With $7.6 billion in 2012 retail sales and 2,300 stores across the nation, competitors are aiming to catch up.
Bed Bath & Beyond
Bed Bath & Beyond increased retail sales by 16.1% last year and increased store growth by 25.5%. These strong numbers are indicative of a very healthy growth pattern and a potentially long and prosperous future.
Whole Foods Market
Whole Foods seems to be all the rage these days with the increased interest in a healthy and organic lifestyle. Their popularity with health-conscious consumers has allowed them to sustain success even as consumers continue to spend cautiously.
Despite the negative press that the company endured in 2012 due to comments that CEO, Dan Cathy, made, Chick-fil-A's sales soared by 12% in 2012. You know what they say - any press is good press, right?
This discount apparel and furnishing retailer posted record sales in 2012 with a total of $9.7 billion in retail sales. With a marketing strategy designed to appeal to young consumers, Ross Stores should see continued growth in the future.
Seems like Foot Locker is the preferred destination for shoppers in search of a new pair of sneaks. Foot Locker has not only seen domestic growth but the company has experienced considerable international growth as well. The company is now operating in 23 countries in North America, Europe, Australia and New Zealand.
Late last month Nordstrom announced its $102.5 million purchase of a flagship Midtown Manhattan location. The growth of its discount store, Nordstrom Rack, however, has been the main catalyst behind the retailers steady growth.
Dick’s Sporting Goods
If you are looking for just about anything related to sports equipment or apparel, Dick’s is your one stop destination. For this reason, it comes as no surprise that Dick’s saw a 12% increase in sales growth last year.
TJX Companies owns some of the giants in U.S. retail, like T.J. Maxx, Marshall’s and HomeGoods. With over 3,000 stores, TJX Companies had $25.9 billion in net sales last year! Their recent expansion into online shopping bodes well for future profits.