Retailing in the US
Euromonitor International's Retailing in the US report offers insight into key trends and developments affecting the industry. The report examines all retail channels to provide sector insight. Channels include department stores, food retailers, health and beauty retailers, clothing and footwear retailers, home furniture and household goods retailers, durable goods retailers, and leisure and personal goods retailers. There are profiles of leading retailers, with analysis of their performance and the challenges they face. There is also analysis of alternative selling channels (kiosks, homeshopping, internet retailing, service stations, vending and direct selling, as available).
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Tables: 192 | Publication date: Jan 2008
Why buy this report
- Get insight into trends in market performance
- Pinpoint growth sectors and identify factors driving change
- Identify market and brand leaders and understand the competitive environment
Product coverage
Non-store retailing; Store-based retailing
Executive summary
The retail industry slows as the US economy takes a hit in 2007
The rate of value growth in the retail industry decreased as the US economy went through an enigmatic stage. While the housing and mortgage crises emerged in 2007, the Dow Jones stock index reached record highs. Oil prices reached all-time highs while the US dollar weakened to levels not seen in recent history, yet most retail channels managed growth in their value sales albeit at rates slower than in previous years. Despite growing credit woes, US consumers showed willingness to spend though budgets were tightened. For the first time in over four years, the Federal Reserve Bank cut interest rates to help spur the economy once again.
The housing downturn negatively impacts many retail channels
In the past several years, the number of homeowners grew rapidly as the US economy experienced strong growth alongside the willingness of mortgage lenders to offer riskier loans. With interest rates raised and the loans, which were often tied into those rates, consequently increased, many of these homeowners were no longer able to pay their mortgages. As a result, this led to defaulted payments and foreclosures. Building projects came to a halt. Household budgets included only necessities while consumer confidence fell. Homeowners previously interested in upgrades and renovations delayed projects or became disinterested altogether. Certain retail channels were more adversely affected than others, but very few saw a great benefit.
Wal-Mart continues to lead US retailing and looks to diversify its formats
Wal-Mart continued to be the top retailer in the US in 2007, and it will likely remain in the leading position for the foreseeable future. The company’s transition of its mass merchandiser stores to hypermarkets proved to be beneficial as consumers, looking to save on time and fuel expenses, combined more errands by taking single trips. The next phase of Wal-Mart’s development involves opening convenience stores and/or forecourt retail outlets approximately one tenth the size of its current store formats in 2008. This also allows the company to enter into areas previously untapped due to the inability and/or unwillingness of certain cities to accommodate the traditional large-sized format stores.
Internet retailing continues to grow aggressively
Internet retailing continues to drive the growth for non-store retailing. However, the question that must be asked is for how long the year-to-year double-digit growth rates can continue. Technological enhancements, security protection improvements and consumer incentive increases, such as free shipping and more liberal return policies, made internet purchases even more appealing. However, despite the high number of repeat purchases, those unwilling to purchase via the internet remained high. Gone are the days when some forecasters envisioned the end of bricks-and-mortar retail outlets. Today’s reality shows that while internet retailing is a growing channel, will it ever become the favoured method of shopping for every US consumer?
Slow and steady growth is forecast for the retail industry
A full recovery of the US economy is not anticipated soon. Perhaps the effects of the housing crisis have not been fully realised either. However, US consumers showed a willingness to spend, albeit on tighter budgets, in 2007. The forecasts project this consumer resiliency to continue, but will be tempered versus previous years. Internet retailing and hypermarkets are two channels expected to lead growth.
Table of contents
RETAILING IN THE US : MARKET INSIGHT
EXECUTIVE SUMMARY
The retail industry slows as the US economy takes a hit in 2007
The housing downturn negatively impacts many retail channels
Wal-Mart continues to lead US retailing and looks to diversify its formats
Internet retailing continues to grow aggressively
Slow and steady growth is forecast for the retail industry
KEY TRENDS AND DEVELOPMENTS
Wal-Mart plays a large role in the “greening” of retail
The housing downturn spurs a more conservative shopper
Retailers partner with prominent names to draw customers into stores
Internet retailing continues to pick up steam
Chinese manufacturing scandals cause a stir in the US
Rising Hispanic buying power grows in significance for grocery retailers
MARKET INDICATORS
Table 1 Employment in Retailing 2002-2007
MARKET DATA
Table 2 Sales in Retailing by Sector: Value 2002-2007
Table 3 Sales in Retailing by Sector: % Value Growth 2002-2007
Table 4 Sales in Retailing by Grocery vs Non-Grocery 2005-2007
Table 5 Sales in Store-Based Retailing by Sector: Value 2002-2007
Table 6 Sales in Store-Based Retailing by Sector: % Value Growth 2002-2007
Table 7 Sales in Non-store Retailing by Sector: Value 2002-2007
Table 8 Sales in Non-store Retailing by Sector: % Value Growth 2002-2007
Table 9 Retailing Company Shares: % Value 2004-2007
Table 10 Grocery Retailers Company Shares: % Value 2004-2007
Table 11 Grocery Retailers Brand Shares: % Value 2004-2007
Table 12 Non-Grocery Retailers Company Shares: % Value 2004-2007
Table 13 Non-Grocery Retailers Brand Shares: % Value 2004-2007
Table 14 Non-store Retailing Company Shares: % Value 2004-2007
Table 15 Non-store Retailing Brand Shares: % Value 2004-2007
Table 16 Forecast Sales in Retailing by Sector: Value 2007-2012
Table 17 Forecast Sales in Retailing by Sector: % Value Growth 2007-2012
Table 18 Forecast Sales in Store-Based Retailing by Sector: Value 2007-2012
Table 19 Forecast Sales in Store-Based Retailing by Sector: % Value Growth 2007-2012
Table 20 Forecast Sales in Non-store Retailing by Sector: Value 2007-2012
Table 21 Forecast Sales in Non-store Retailing by Sector: % Value Growth 2007-2012
APPENDIX
Operating environment
Cash-and-Carry/Warehouse Clubs
DEFINITIONS
Summary 1 Research Sources
LOCAL COMPANY PROFILES - USA
7-ELEVEN INC - RETAILING - USA
STRATEGIC DIRECTION
KEY FACTS
Summary 2 7-Eleven Inc: Key Facts
Summary 3 7-Eleven Inc: Operational Indicators
COMPANY BACKGROUND
PRIVATE LABEL
Summary 4 7-Eleven Inc: Private Label Portfolio
COMPETITIVE POSITIONING
Summary 5 7-Eleven Inc: Competitive Position 2007
AHOLD USA INC - RETAILING - USA
STRATEGIC DIRECTION
KEY FACTS
Summary 6 Ahold USA Inc: Key Facts
Summary 7 Ahold USA Inc: Operational Indicators
COMPANY BACKGROUND
PRIVATE LABEL
Summary 8 Ahold USA Inc: Private Label Portfolio
COMPETITIVE POSITIONING
Summary 9 Ahold USA Inc: Competitive Position 2007
AMAZON.COM INC - RETAILING - USA
STRATEGIC DIRECTION
KEY FACTS
Summary 10 Amazon.com Inc: Key Facts
Summary 11 Amazon.com Inc: Operational Indicators
COMPANY BACKGROUND
PRIVATE LABEL
COMPETITIVE POSITIONING
Summary 12 Amazon.com Inc: Competitive Position 2007
BEST BUY CO INC - RETAILING - USA
STRATEGIC DIRECTION
KEY FACTS
Summary 13 Best Buy Co Inc: Key Facts
Summary 14 Best Buy Co Inc: Operational Indicators
COMPANY BACKGROUND
PRIVATE LABEL
Summary 15 Best Buy Co Inc: Private Label Portfolio
COMPETITIVE POSITIONING
Summary 16 Best Buy Co Inc: Competitive Position 2007
CVS CORP - RETAILING - USA
STRATEGIC DIRECTION
KEY FACTS
Summary 17 CVS/Caremark Corporation: Key Facts
Summary 18 CVS/Caremark Corporation: Operational Indicators
COMPANY BACKGROUND
PRIVATE LABEL
Summary 19 CVS/Caremark Corporation: Private Label Portfolio
COMPETITIVE POSITIONING
Summary 20 CVS/Caremark Corporation: Competitive Position 2007
DOLLAR GENERAL CORP - RETAILING - USA
STRATEGIC DIRECTION
KEY FACTS
Summary 21 Dollar General Corp: Key Facts
Summary 22 Dollar General Corp: Operational Indicators
COMPANY BACKGROUND
PRIVATE LABEL
Summary 23 Dollar General Corp: Private Label Portfolio
COMPETITIVE POSITIONING
Summary 24 Dollar General Corp: Competitive Position 2007
HOME DEPOT INC, THE - RETAILING - USA
STRATEGIC DIRECTION
KEY FACTS
Summary 25 The Home Depot Inc: Key Facts
Summary 26 The Home Depot Inc: Operational Indicators
COMPANY BACKGROUND
PRIVATE LABEL
Summary 27 The Home Depot Inc: Private Label Portfolio
COMPETITIVE POSITIONING
Summary 28 The Home Depot Inc: Competitive Position 2007
JC PENNEY CORP INC - RETAILING - USA
STRATEGIC DIRECTION
KEY FACTS
Summary 29 JC Penney Corp Inc: Key Facts
Summary 30 JC Penney Corp Inc: Operational Indicators
COMPANY BACKGROUND
PRIVATE LABEL
Summary 31 JC Penney Corp Inc: Private Label Portfolio
COMPETITIVE POSITIONING
Summary 32 JC Penney Corp Inc: Competitive Position 2007
KROGER CO - RETAILING - USA
STRATEGIC DIRECTION
KEY FACTS
Summary 33 Kroger Co: Key Facts
Summary 34 Kroger Co: Operational Indicators
COMPANY BACKGROUND
PRIVATE LABEL
Summary 35 Kroger Co: Private Label Portfolio
COMPETITIVE POSITIONING
Summary 36 Kroger Co: Competitive Position 2007
LOWE'S COMPANIES INC - RETAILING - USA
STRATEGIC DIRECTION
KEY FACTS
Summary 37 Lowe’s Companies Inc: Key Facts
Summary 38 Lowe’s Companies Inc: Operational Indicators
COMPANY BACKGROUND
PRIVATE LABEL
Summary 39 Lowe’s Companies Inc: Private Label Portfolio
COMPETITIVE POSITIONING
Summary 40 Lowe’s Companies Inc: Competitive Position 2007
MACYS INC - RETAILING - USA
STRATEGIC DIRECTION
KEY FACTS
Summary 41 Macys Inc: Key Facts
Summary 42 Macys Inc: Operational Indicators
COMPANY BACKGROUND
PRIVATE LABEL
Summary 43 Macys Inc: Private Label Portfolio
COMPETITIVE POSITIONING
Summary 44 Macys Inc: Competitive Position 2007
PETSMART INC - RETAILING - USA
STRATEGIC DIRECTION
KEY FACTS
Summary 45 PetSmart Inc: Key Facts
Summary 46 PetSmart Inc: Operational Indicators
COMPANY BACKGROUND
PRIVATE LABEL
Summary 47 PetSmart Inc: Private Label Portfolio
COMPETITIVE POSITIONING
Summary 48 PetSmart Inc: Competitive Position 2007
PUBLIX SUPER MARKETS INC - RETAILING - USA
STRATEGIC DIRECTION
KEY FACTS
Summary 49 Publix Super Markets Inc: Key Facts
Summary 50 Publix Super Markets Inc: Operational Indicators
COMPANY BACKGROUND
PRIVATE LABEL
Summary 51 Publix Super Markets Inc: Private Label Portfolio
COMPETITIVE POSITIONING
Summary 52 Publix Super Markets Inc: Competitive Position 2007
HYPERMARKETS IN THE US
HEADLINES
OVERVIEW
SECTOR DATA
Table 22 Hypermarkets: Value Sales, Outlets and Selling Space 2002-2007
Table 23 Hypermarkets: Value Sales, Outlets and Selling Space: % Growth 2002-2007
Table 24 Hypermarkets Company Shares by Value 2004-2007
Table 25 Hypermarkets Brand Shares by Value 2004-2007
Table 26 Hypermarkets Outlets by Brand 2004-2007
Table 27 Hypermarkets Selling Space by Brand 2004-2007
Table 28 Hypermarkets Forecasts: Value Sales, Outlets and Selling Space 2007-2012
Table 29 Hypermarkets Forecasts: Value Sales, Outlets and Selling Space: % Growth 2007-2012
SUPERMARKETS IN THE US
HEADLINES
OVERVIEW
SECTOR DATA
Table 30 Supermarkets: Value Sales, Outlets and Selling Space 2002-2007
Table 31 Supermarkets: Value Sales, Outlets and Selling Space: % Growth 2002-2007
Table 32 Supermarkets Company Shares by Value 2004-2007
Table 33 Supermarkets Brand Shares by Value 2004-2007
Table 34 Supermarkets Outlets by Brand 2004-2007
Table 35 Supermarkets Selling Space by Brand 2004-2007
Table 36 Supermarkets Forecasts: Value Sales, Outlets and Selling Space 2007-2012
Table 37 Supermarkets Forecasts: Value Sales, Outlets and Selling Space: % Growth 2007-2012
DISCOUNTERS IN THE US
HEADLINES
TRENDS
COMPETITIVE LANDSCAPE
PROSPECTS
SECTOR DATA
Table 38 Discounters: Value Sales, Outlets and Selling Space 2002-2007
Table 39 Discounters: Value Sales, Outlets and Selling Space: % Growth 2002-2007
Table 40 Discounters Company Shares by Value 2004-2007
Table 41 Discounters Brand Shares by Value 2004-2007
Table 42 Discounters Outlets by Brand 2004-2007
Table 43 Discounters Selling Space by Brand 2004-2007
Table 44 Discounters Forecasts: Value Sales, Outlets and Selling Space 2007-2012
Table 45 Discounters Forecasts: Value Sales, Outlets and Selling Space: % Growth 2007-2012
CONVENIENCE STORES IN THE US
HEADLINES
OVERVIEW
SECTOR DATA
Table 46 Convenience Stores: Value Sales, Outlets and Selling Space 2002-2007
Table 47 Convenience Stores: Value Sales, Outlets and Selling Space: % Growth 2002-2007
Table 48 Convenience Stores Company Shares by Value 2004-2007
Table 49 Convenience Stores Brand Shares by Value 2004-2007
Table 50 Convenience Stores Outlets by Brand 2004-2007
Table 51 Convenience Stores Selling Space by Brand 2004-2007
Table 52 Convenience Stores Forecasts: Value Sales, Outlets and Selling Space 2007-2012
Table 53 Convenience Stores Forecasts: Value Sales, Outlets and Selling Space: % Growth 2007-2012
FORECOURT RETAILERS IN THE US
HEADLINES
OVERVIEW
SECTOR DATA
Table 54 Forecourt Retailers: Value Sales, Outlets and Selling Space 2002-2007
Table 55 Forecourt Retailers: Value Sales, Outlets and Selling Space: % Growth 2002-2007
Table 56 Forecourt Retailers Company Shares by Value 2004-2007
Table 57 Forecourt Retailers Brand Shares by Value 2004-2007
Table 58 Forecourt Retailers Outlets by Brand 2004-2007
Table 59 Forecourt Retailers Selling Space by Brand 2004-2007
Table 60 Forecourt Retailers Forecasts: Value Sales, Outlets and Selling Space 2007-2012
Table 61 Forecourt Retailers Forecasts: Value Sales, Outlets and Selling Space: % Growth 2007-2012
MIXED RETAILERS IN THE US
HEADLINES
TRENDS
COMPETITIVE LANDSCAPE
PROSPECTS
SECTOR DATA
Table 62 Mixed Retailers: Value Sales, Outlets and Selling Space 2002-2007
Table 63 Mixed Retailers: Value Sales, Outlets and Selling Space: % Growth 2002-2007
Table 64 Mixed Retailers Company Shares by Value 2004-2007
Table 65 Mixed Retailers Brand Shares by Value 2004-2007
Table 66 Mixed Retailers Outlets by Brand 2004-2007
Table 67 Mixed Retailers Selling Space by Brand 2004-2007
Table 68 Mixed Retailers Forecasts: Value Sales, Outlets and Selling Space 2007-2012
Table 69 Mixed Retailers Forecasts: Value Sales, Outlets and Selling Space: % Growth 2007-2012
HEALTH AND BEAUTY RETAILERS IN THE US
HEADLINES
TRENDS
COMPETITIVE LANDSCAPE
PROSPECTS
SECTOR DATA
Table 70 Health and Beauty Retailers: Value Sales, Outlets and Selling Space 2002-2007
Table 71 Health and Beauty Retailers: Value Sales, Outlets and Selling Space: % Growth 2002-2007
Table 72 Health and Beauty Retailers Company Shares by Value 2004-2007
Table 73 Health and Beauty Retailers Brand Shares by Value 2004-2007
Table 74 Health and Beauty Retailers Outlets by Brand 2004-2007
Table 75 Health and Beauty Retailers Selling Space by Brand 2004-2007
Table 76 Health and Beauty Retailers Forecasts: Value Sales, Outlets and Selling Space 2007-2012
Table 77 Health and Beauty Retailers Forecasts: Value Sales, Outlets and Selling Space: % Growth 2007-2012
CLOTHING AND FOOTWEAR RETAILERS IN THE US
HEADLINES
OVERVIEW
SECTOR DATA
Table 78 Clothing and Footwear Retailers: Value Sales, Outlets and Selling Space 2002-2007
Table 79 Clothing and Footwear Retailers: Value Sales, Outlets and Selling Space: % Growth 2002-2007
Table 80 Clothing and Footwear Retailers Company Shares by Value 2004-2007
Table 81 Clothing and Footwear Retailers Brand Shares by Value 2004-2007
Table 82 Clothing and Footwear Retailers Outlets by Brand 2004-2007
Table 83 Clothing and Footwear Retailers Selling Space by Brand 2004-2007
Table 84 Clothing and Footwear Retailers Forecasts: Value Sales, Outlets and Selling Space 2007-2012
Table 85 Clothing and Footwear Retailers Forecasts: Value Sales, Outlets and Selling Space: % Growth 2007-2012
FURNITURE AND FURNISHINGS STORES IN THE US
HEADLINES
OVERVIEW
SECTOR DATA
Table 86 Furniture and Furnishings Stores: Value Sales, Outlets and Selling Space 2002-2007
Table 87 Furniture and Furnishings Stores: Value Sales, Outlets and Selling Space: % Growth 2002-2007
Table 88 Furniture and Furnishings Stores Company Shares by Value 2004-2007
Table 89 Furniture and Furnishings Stores Brand Shares by Value 2004-2007
Table 90 Furniture and Furnishings Stores Outlets by Brand 2004-2007
Table 91 Furniture and Furnishings Stores Selling Space by Brand 2004-2007
Table 92 Furniture and Furnishings Stores Forecasts: Value Sales, Outlets and Selling Space 2007-2012
Table 93 Furniture and Furnishings Stores Forecasts: Value Sales, Outlets and Selling Space: % Growth 2007-2012
DIY AND HARDWARE STORES IN THE US
HEADLINES
OVERVIEW
SECTOR DATA
Table 94 DIY and Hardware Stores: Value Sales, Outlets and Selling Space 2002-2007
Table 95 DIY and Hardware Stores: Value Sales, Outlets and Selling Space: % Growth 2002-2007
Table 96 DIY and Hardware Stores Company Shares by Value 2004-2007
Table 97 DIY and Hardware Stores Brand Shares by Value 2004-2007
Table 98 DIY and Hardware Stores Outlets by Brand 2004-2007
Table 99 DIY and Hardware Stores Selling Space by Brand 2004-2007
Table 100 DIY and Hardware Stores Forecasts: Value Sales, Outlets and Selling Space 2007-2012
Table 101 DIY and Hardware Stores Forecasts: Value Sales, Outlets and Selling Space: % Growth 2007-2012
DURABLE GOODS RETAILERS IN THE US
HEADLINES
OVERVIEW
SECTOR DATA
Table 102 Durable Goods Retailers: Value Sales, Outlets and Selling Space 2002-2007
Table 103 Durable Goods Retailers: Value Sales, Outlets and Selling Space: % Growth 2002-2007
Table 104 Durable Goods Retailers Company Shares by Value 2004-2007
Table 105 Durable Goods Retailers Brand Shares by Value 2004-2007
Table 106 Durable Goods Retailers Outlets by Brand 2004-2007
Table 107 Durable Goods Retailers Selling Space by Brand 2004-2007
Table 108 Durable Goods Retailers Forecasts: Value Sales, Outlets and Selling Space 2007-2012
Table 109 Durable Goods Retailers Forecasts: Value Sales, Outlets and Selling Space: % Growth 2007-2012
LEISURE AND PERSONAL GOODS RETAILERS IN THE US
HEADLINES
OVERVIEW
SECTOR DATA
Table 110 Leisure and Personal Goods Retailers: Value Sales, Outlets and Selling Space 2002-2007
Table 111 Leisure and Personal Goods Retailers: Value Sales, Outlets and Selling Space: % Growth 2002-2007
Table 112 Leisure and Personal Goods Retailers Company Shares by Value 2004-2007
Table 113 Leisure and Personal Goods Retailers Brand Shares by Value 2004-2007
Table 114 Leisure and Personal Goods Retailers Outlets by Brand 2004-2007
Table 115 Leisure and Personal Goods Retailers Selling Space by Brand 2004-2007
Table 116 Leisure and Personal Goods Retailers Forecasts: Value Sales, Outlets and Selling Space 2007-2012
Table 117 Leisure and Personal Goods Retailers Forecasts: Value Sales, Outlets and Selling Space: % Growth 2007-2012
VENDING IN THE US
HEADLINES
TRENDS
COMPETITIVE LANDSCAPE
PROSPECTS
SECTOR INDICATORS
Table 118 Vending Machines 2002-2007
SECTOR DATA
Table 119 Vending: Value 2002-2007
Table 120 Vending: % Value Growth 2002-2007
Table 121 Vending Forecasts: Value 2007-2012
Table 122 Vending Forecasts: % Value Growth 2007-2012
HOMESHOPPING IN THE US
HEADLINES
TRENDS
COMPETITIVE LANDSCAPE
PROSPECTS
SECTOR DATA
Table 123 Homeshopping: Value 2002-2007
Table 124 Homeshopping: % Value Growth 2002-2007
Table 125 Homeshopping Company Shares by Value 2004-2007
Table 126 Homeshopping Brand Shares by Value 2004-2007
Table 127 Homeshopping Forecasts: Value 2007-2012
Table 128 Homeshopping Forecasts: % Value Growth 2007-2012
INTERNET RETAILING IN THE US
HEADLINES
TRENDS
COMPETITIVE LANDSCAPE
PROSPECTS
SECTOR DATA
Table 129 Internet Retailing: Value 2002-2007
Table 130 Internet Retailing: % Value Growth 2002-2007
Table 131 Internet Retailing Company Shares by Value 2004-2007
Table 132 Internet Retailing Brand Shares by Value 2004-2007
Table 133 Internet Retailing Forecasts: Value 2007-2012
Table 134 Internet Retailing Forecasts: % Value Growth 2007-2012
DIRECT SELLING IN THE US
HEADLINES
TRENDS
COMPETITIVE LANDSCAPE
PROSPECTS
SECTOR DATA
Table 135 Direct Selling: Value 2002-2007
Table 136 Direct Selling: % Value Growth 2002-2007
Table 137 Direct Selling Company Shares by Value 2004-2007
Table 138 Direct Selling Brand Shares by Value 2004-2007
Table 139 Direct Selling Forecasts: Value 2007-2012
Table 140 Direct Selling Forecasts: % Value Growth 2007-2012