STORES Magazine - July 2008 - (Page T5)

2OO8 • TOP 1OO retailers Headquarters To the extent that it is available, STORES gathers performance data from the annual reports of publicly traded retail companies. For some Top 100 companies, STORES has made sales estimates, which are indicated on the charts. 2007 Revenues Y/Y (000) Change 2007 Earnings (000) Y/Y Change No. of Stores Y/Y Change 7.1% Rank Company Comment 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Wal-Mart Bentonville, Ark. $378,799,000 8.6% $12,731,000 12.8% 7,262 Consumer uncertainty, rising commodity prices, cloudy - if not contradictory - economic forecasts play to Wal-Mart’s strength, including its price leadership strategy Home Depot Atlanta 77,349,000 -2.1 4,395,000 -23.7 2,234 4.1 Has already taken a $586 million charge this year and will close 15 stores, yet CEO Blake is planning ahead, plowing money into new systems and store improvements CVS Caremark Woonsocket, R.I. 76,329,500 74.2 2,622,800 93.6 6,301 Merger costs have already shown up while the integration benefits are taking a little longer; stores showing nice same-store increases so far this year 1.5 Kroger Cincinnati 70,235,000 6.2 1,180,500 5.9 3,662 0.1 Makes particularly good use of gasoline in enticing shoppers with promotions, says Wall Street analysts, and benefits from advice from relevance marketing specialist Dunnhumby Costco Issaquah, Wash. 64,400,155 7.1 1,082,772 -1.9 520 6.6 Has been used as anchor tenant in shopping centers abandoned by department stores; fuel centers drawing traffic en route to warehouse bargains Target Minneapolis 63,367,000 6.5 2,849,000 2.2 1,591 7.0 Target president Gregg Steinhafel admits the company is “seeing more inflation,” but says passing along price increases will be “a matter of last resort" Walgreen Deerfield, Ill. 53,762,000 13.4 2,041,300 16.6 5,997 9.8 Willing to experiment: launched Casual Gear clothing collection; also acquired specialty pharmacies, health services providers and is opening in-store clinics Sears Holdings Hoffman Estates, Ill. 50,703,000 -4.4 826,000 -44.6 3,800 0.0 Hasn’t turned corner yet, but not for lack of trying different things; national economy hasn’t helped, but many of the company’s maneuvers have yet to pay off Lowe’s Mooresville, N.C. 48,283,000 2.9 2,809,000 -9.5 1,525 Like rival Home Depot, Lowe’s is slowing expansion by delaying openings of 20 stores, though it did move into Canada with three units in greater Toronto SUPERVALU Eden Prairie, Minn. 44,048,000 17.8 593,000 31.2 2,474 Rolling out private-label Wild Harvest organic and natural foods to all divisions, priced 15% under similar name brands; line pegged to grow to 250-300 items Safeway Pleasanton, Calif. 42,286,000 5.2 888,400 2.0 1,743 Capital spending of more than $1.7 billion this year includes 20-25 new Lifestyle stores, 250-255 retrofits plus c-store-sized format in testing stage 10.9 -0.2 -1.0 Best Buy Minneapolis 40,023,000 11.4 1,407,000 2.2 1,314 11.3 With strong foothold in China, Best Buy jumped into Europe with May deal to partner with Carphone Warehouse, operator of 2,200 stores in 11 countries Macy’s Cincinnati 26,313,000 -2.4 893,000 -10.3 853 -37.3 With more demanding and discriminating consumers, surviving takes constant innovation and localization; plans proceed to put an FAO Schwarz in every store Rite Aid Camp Hill, Pa. 24,326,846 39.8 (1,078,990) N.A. 5,029 Increased in size by more than 50% and nearing end of integrating former Eckerd/Brooks Pharmacy units, but highly leveraged position raises concerns Publix Lakeland, Fla. 23,000,000 6.0 1,200,000 9.1 928 Charlie Jenkins, 68-year-old nephew of founder George W. Jenkins, stepped down earlier this year; oversaw period of growth in both store count and profits 51.0 3.3 McDonald’s Oak Brook, Ill. 22,786,600 9.1 2,395,100 -32.4 31,377 1.1 Shed Boston Market and fine-tuned operations from Europe to China; won kids’ vote in U.S. and now vying with Starbucks and Dunkin’ Donuts in the coffee wars Ahold USA (e) Chantilly, Va. 21,000,000 -12.5 N.A. N.A. 830 0.4 Price-cutting is in at Stop & Shop, Giant et al. as SKUs are also reduced; remodels include upgrading produce and other perishables departments JCPenney Plano, Texas 19,860,000 -0.2 1,111,000 -3.6 1,067 3.3 JCP has “excellent financial flexibility,” says top man Myron Ullman, and rivals include “10 to 20 companies [that will] find it difficult” to get through this period Staples Framingham, Mass. 19,372,682 6.7 995,670 2.3 2,000 5.3 With U.S. growth stymied by Federal Trade Commission concerns, Staples made sweeter bids until deal was was sealed for Dutch office goods supplier Corporate Express TJX Framingham, Mass. 18,647,126 7.1 771,750 4.6 2,563 Still shaking off after-effects of security breach in its payment card technology system; started ’08 with positive same-store results in all operating units N.A. Not available or not applicable (e) estimate 3.9 WWW.STORES.ORG STORES JULY 2008 T5 http://WWW.STORES.ORG

Table of Contents Feed for the Digital Edition of STORES Magazine - July 2008

STORES Magazine - July 2008 Contents Executive Editor's Page President's Page Dearth of Retail Creativity What Shoppers Think Wow, Is That a Wawa? 10 Things You May Have Missed Numbers Worth Counting Full Price/Markdown Retail People Merchandising Strategy Concept2Watch Point of Sale Outsourcing Human Resources Top 100 Retailers Store Design RFID IT Operations Systems Managements LP Vantage Point Newsbeat Cover Story Emergency Response Systems Background Checks LOEB Retail Letter Point of View NRF News Retail Crossword Retail Industry Calendar Last Laugh

STORES Magazine - July 2008

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