Progressive Grocer released its annual ranking of food and consumables retailers, and this year’s list looks a little different.
In order to reflect the changing retail landscape, the RIS News sister publication has updated its methodology this year to present a more comprehensive view of food and consumables. It also upped its ranking to include details for 100 retailers vs. previous years’ 50.
Sales are calculated through both public and private sources, as well as PG’s proprietary research and proven forecasting methodologies used by financial analysts to generate reliable sales estimates. And while this list may look different from previous iterations, one can only imagine what we will see in 2021 as retailers adapt to the changes wrought by the spread of COVID-19.
Progressive Grocer breaks out Whole Foods Market from Amazon in its calculations — that retailer can be found a bit further down the list — and so Amazon secures the No. 2 spot. Even without Whole Foods, Amazon sales grew 24.5% vs. the prior-year ranking, which represents more growth than the list’s top 20 retailers combined. This year, of course, Amazon also introduced its first full-scale Go cashierless grocery store.
CVS’ future standing on the Progress Grocer list remains unclear as the retailer works to build out its HealthHUB health clinics. Although its plans may change as a result of COVID, CVS said in January that it intended to complete about 600 HealthHUBS this year, with 1,500 by the end of 2021.
Like Walmart, Target has let it be known that it intends to move more deeply into grocery retail. It’s using its store network to fulfill same-day orders, and order pickup grew nearly 50% in 2019 while its Drive Up service accounted for a 750% spike in parking lot deliveries vs. 2018.