Hardware Retailing The Industry's Source for Insights and Information
The National Retail Federation (NRF) released its annual list of the Top 100 Retailers. The 2024 Top 100 Retailers ranks the industry’s largest companies according to domestic sales. The list was compiled by Kantar, a global marketing data, insight and consultancy company.
“This year’s list of the Top 100 Retailers largely reflects a post-pandemic return to normal,” says Mark Mathews, NRF executive director of research. “As consumer spending continues to moderate, retailers are prioritizing convenience and value for their customers.”
Multiple hardware and paint companies made the NRF’s list:
- #5 The Home Depot ($150.7 billion)
- #9 Lowe’s Companies ($84.0 billion)
- #21 Ace Hardware ($27.5 billion)
- #33 Tractor Supply Co. ($14.6 billion)
- #35 Menards ($13.1 billion)
- #41 Sherwin-Williams ($13.4 billion)
- #62 Harbor Freight Tools ($7.0 billion)
- #75 True Value Co. ($6.0 billion)
“Similar to last year, there was modest change within the top 100 retailers, particularly within the top 20,” says David Marcotte, Kantar senior vice president of global insights and technology. “These companies are substantial and have the existing capital and credit to maintain their position with ease.”
Harbor Freight Tools which moved up 18 spots from 2023, with an 8.5% store count increase, is the fastest expanding retailer on the list.
