Headlines

Franchise Retailers Grew in ’22

Most franchise brands in the retail category experienced sales growth in 2022, an analysis of latest Franchise Times Top 400 found. Specifically, 24 out of 29 brands in the category saw sales increases, leaving only five reporting declines, FT’s Matthew Liedke writes.

Overall, seven of  the list’s top 10 consists of fast-food chains (led by McDonald’s), which FT considers separate from its retail category.

Leading the sales growth for retail was Filta Group, a kitchen services concept, which had a 51.7 percent sales increase from a year earlier, to $92 million in 2022. Experiencing the largest decline, meanwhile, was Learning Express Toys, with sales falling 32.9 percent to $89 million in 2022.

The pandemic impacted sales at several retailers. For example, sales grew at The Vitamin Shoppe by nearly 10 percent, increasing to $1.2 billion in 2022. CEO Lee Wright said the brand’s clientele grew because more people are invested in their health.

In the clothing segment, resale brands found growth as well. The category was led by Uptown Cheapskate, with an increase in sales of 27.5 percent, to $122 million in 2022.

Plato’s Closet, ranked at No. 120 in the Top 400, had a 7.5 percent increase in sales, to $639 million in 2022.

In terms of overall sales, despite a decline of 1.7 percent, 7-Eleven still came out on top in FT’s retail ranking with $93.5 billion in sales for 2022. Keeping its No. 2 overall ranking, the brand also increased its unit count from 78,413 to 84,061.

Other retail brands to make the top 10 were Ace Hardware at No. 5 with $23.1 billion in sales, and Circle K at No. 9 with $16.8 billion. Ace Hardware’s sales grew by 3.4 percent, while Circle K had a 10.7 percent sales boost.

Click here for more from FT’s analysis of the franchise industry’s retail sector.

Shop! Association

Recent Posts

Fast-Food Chains Grow Sales Despite Modest Expansion

Subway has the most units, while McDonald’s had the most sales

2 days ago

Returns Strategies Need Focus

Cross-border shipping challenges can translate into lost business

3 days ago

Call for Nominations: The 17th Annual PAVE Global Rising Star Award

Nominations are free and submission is through October 25

4 days ago

Government Stats Show Lower Inflation

Numbers from the census and labor statistics bureaus show little upward movement in prices

4 days ago

Australian Footwear Brand Opens First US Store

Bared Footwear debuts in New York’s SoHo

5 days ago

LensCrafters Opens Tech-Laden Store in Cicero, N.Y.

New locale offers digital eye exams, virtual frame try-ons

5 days ago

This website uses cookies.