Second on the list was discount variety store Dollar Tree, which moved up from No. 57 on last year’s list after sales grew 138 percent to $19.9 billion following its 2014 takeover of Family Dollar. On the list for the first time at No. 3 was convenience store operator GPM Investments with 119 percent sales growth to $535 million, followed by No. 4 Minyard Food Stores, which saw sales grow 108 percent to $324 million. No. 5 was TV shopping channel Evine Live, which grew 100 percent to $693 million.
The Top 10 also includes No. 6 Torrid, up 100 percent at $410 million; No. 7 Wayfair, up 88 percent at $1.9 billion; No. 8 Bluestem Brands, up 61 percent at $1.7 billion; No. 9 Verizon Wireless, up 54 percent at $16.9 billion, and H&M, up 48 percent at $3.9 billion.
Two of the 10 companies on the list this year have no bricks-and-mortar stores, including Evine Live and Wayfair.
“The themes we see highlighted this year – consolidation, specialization and digitization – are all important ones for all retailers, irrespective of size,” Kantar Retail Chief Knowledge Officer Bryan Gildenberg said. “Seven of the top 10 grew through significant acquisition, to gain scale and market scope in this dynamic, changing environment. At the same time, brands like Torrid, H&M and Wayfair have done a wonderful job of understanding their target consumer – helping their customers to be the best version of their specific, distinctive selves,” Gildenberg said.