Amazon, hhgregg, Overstock Among Fastest-Growing Retailers
August 1, 2011,
WASHINGTON-Amazon.com, hhgregg and Overstock.com were high up on the list of STORES magazine's fastest-growing retailers for 2010, according to a statement from Kantar Retail, which compiled the list, and STORES Media, the publishing group of the National Retail Federation.
Coming in at number two, Amazon posted a sales gain of 46.2 percent last year. hhgregg, which capitalized on the void left by the closure of Circuit City, finished at number four by growing its sales 36.3 percent. Overstock, which now operates in 90 countries, increased its U.S. sales by 23.8 percent to finish at number 10.
"Consolidators like hhgregg grow as their direct competitors contract," said Bryan Gildenberg, chief knowledge officer of Kantar Retail. Gildenberg also credited online retailers like Overstock for "reinventing the way people buy."
Other Articles By Author
HFN Launches Interactive Idea Book
HFN's DIGITAL EDITION
COVER STORY: HFN Turns 90
We commemorate HFN's 90th anniversary by paying tribute to the iconic retailer and supplier brands--and the people--that have helped the industry flourish, then and now.
ALSO IN THIS ISSUE:
- Up & Coming Leaders - The home industry is in capable and visionary hands as this year’s 40 Under 40 list attests. Today’s young leaders span all disciplines and varied levels of operation.
- Omnichannel Retailing - In the Mobile App World, Time is Money