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What do Sprouts Farmers Market, Axel Johnson AB, Albertsons Companies, JD.com and Vipshop Holdings have in common?  They are the world’s fastest growing retailers, according to Wall St 24/7.

Two are headquartered in Asia, two in North America and one in Europe.

Let’s take a look at the top five and how they have been making news lately:

  1. Sprouts Farmers Market: This American supermarket chain had retail sales totaling $3.6 billion in fiscal year 2015.  Five-year annual retail growth was 47.4%.  In recent months, the chain has expanded to several U.S. cities.  Earlier this year, three stores opened near Atlanta with a fourth planned for June, increasing the number of stores in the metro area to 16.  A store also opened in Florida, its third.  Meanwhile, two stores in Philadelphia and one in Orlando have been proposed.  Source:  Atlanta Business Journals,  Tampa Bay Business Journals, The Philly and Orlando Business Journals, Wall St 24/7
  1. Axel Johnson AB: This Swedish supermarket chain operates under the names Axfood and Axstores.  It had retail sales totaling $5.9 billion in fiscal year 2015.  Five-year annual retail growth was 49.2%.   In January, Axfood acquired Eurocash Food, the largest grocer along the Swedish-Norwegian border, for an undisclosed amount.  Axfood also purchased Norgesgruppen, contingent upon approval by the Swedish Competition Authority.  The purchases are part of a strategy to strengthen sales in Sweden and gain access to cross-border customers.  Source: Yahoo! Finance and Wall St 24/7
  1. Albertsons Companies: This American supermarket chain had retail sales totaling $58.7 billion in fiscal year 2015.  Five-year annual retail growth was 74.1%. The company has started a pilot program in Idaho which will expand healthcare at Albertsons’ pharmacies by allowing pharmacy technicians to perform immunisations.  Interested technicians received a four-hour training course.  The program is the first in the U.S. to allow pharmacy technicians to undergo the pharmacy board-approved training to administer immunisations to pharmacy patients. Source: PR Newswire and Wall St 24/7
  1. JD.com: China’s largest retailer after Alibaba Group Holdings had retail sales totaling $27 billion in fiscal year 2015.  Five-year annual retail growth was 81.3%.   Since going public, the company has posted its first quarterly profit.   In 2016, the company purchased Wal-Mart’s Yihaodian local shopping platform.  Since, sales have increased 41%.  There are plans later this year to spin off the company’s online payments and finance division.  This quarter, profits are forecasted to grow between 35% and 39% as it invests in new markets.  During the first quarter, the number of customers rose to 236.5 million and volume grew 42%.  Source: Bloomberg Technology and Wall St 24/7
  1. Vipshop Holdings: This Chinese company had retail sales totaling only $6.1 billion in fiscal year 2015.  However, five-year annual retail growth was 184.6%.   Over the next year, earnings are forecasted to grow 22.2%.  Is this growth realistic?  The company has not kept up with average growth in earnings over the past year, so it seems unlikely.  Source: Simply Wall St. and Wall St 24/7

 

Top photo © mathisworks / Getty Images


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About Author

Melina Druga

Melina Druga is an author and freelance journalist, working with our partner Reportlinker. www.reportlinker.com

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