Wednesday, July 11, 2012

Top 100 Retailers for 2012

NRF Stores has compiled a list of the Top 100 retailers in 2012. You can see the full list here, but here's a quick recap of the top 10:

1. Wal-Mart
2. Kroger
3. Target
4. Walgreen
5. Costco
6. Home Depot
7. CVS Caremark
8. Lowe's
9. Best Buy
10. Safeway

Of note, I think, is Amazon's position of #15. One might interpret that in two ways, the first being that they didn't really exist a decade ago, and are now beating out some old heavyweights like J.C. Penny's and Burger King. On the other hand, it is interesting that the world's biggest online retailer is only #15, though to be fair just about every retailer these days is an online retailer to some degree. Still, brick and mortar retail certainly isn't dead yet.

Southern Nevada's latest retail numbers, for the second quarter of 2012, are now available to download and enjoy (if you're into that sort of thing). Here's an excerpt:

 We can happily report that our predictions for the second quarter of 2012 concerning the retail market were wrong, as retail turned in a surprisingly strong quarter. Even without new construction to bolster it, net absorption of retail space was not only positive, but surpassed net absorption in the first quarter of 2012 if one discounts net absorption from new completions. Vacancy declined to 11.1 percent in the second quarter of 2012, 0.6 points lower than one year ago. Asking rents for retail space increased this quarter to $1.40 per square foot (psf) per month on a triple net (NNN) basis, though they remain lower than they were one year ago.

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