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Ace, Do-it-Best and REI Make Top 100 Co-Op List

A half-dozen grocery chains, led by Wakefern Food Corp./ShopRite, also on roster.

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Recreational Equipment Inc. (REI) ranked 16th on the latest list of America’s largest co-ops. Photo: joshuaraineyphotography/iStock by Getty Images

Since 1991, National Cooperative Bank (NCB) has published the annual NCB Co-op 100, recognizing America’s top 100 cooperative businesses. In this year’s just-released report, these member-owned organizations generated more than $309 billion in revenue, demonstrating the scale and impact of the cooperative business model.

While agriculture-based co-ops dominate the list (45 companies) the following retailers are also on the roster, which is ranked by 2025 revenues:

Company:                          Rank                Revenue (in billions)

Ace Hardware                      9                               $10

Do-it-Best (hardware)     13                              $4.9

REI (outdoor equipment) 16                             $3.5

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Also making the list are six grocers, led by #5 Wakefern Food Corp./ShopRite, with $13.1 billion in revenues and #6 Associated Wholesale Grocers Inc., with ($12.2 billion).

“This year’s Co-op Month theme, ‘Built for This Moment,’ is especially relevant as communities face economic uncertainty, rising costs, housing affordability challenges, and workforce shortages,” said Casey Fannon President & CEO National Cooperative Bank. “Cooperatives were created to meet needs that traditional markets often overlook. Because they are owned and governed by the people they serve, co-ops focus on long-term value, local impact, and member success rather than short-term shareholder returns.”

Click here to see the full report.

The Shop! Association is a global trade association dedicated to advancing the retail environment and experience industry. Its purpose is to empower members to innovate at retail by connecting them with education, insights, and events that support collaboration and forward-thinking solutions. From ideation through implementation, Shop! engages its diverse membership to co-create innovations that help shape the future of retail worldwide. Central to its mission is fostering an inclusive culture that embraces diverse voices and upholds high standards of ethics and transparency. Since 1956, Shop! has empowered its members to innovate at retail through education, insights and events. Learn more by visiting shopassociation.org. Interested in joining the Shop! Association? Reach out to Dina Meindl, Membership Services, for more information today! dina@shopassociation.org.

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