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Specialty shops are those that specialize in a specific product category, such as office supplies or automotive parts. The specialty retail market is expected to grow due to the availability of trained workers, accessing financing and credit, and a growing middle class. The industry’s low entry barriers and high competition pose challenges to its players. Let’s take an in-depth look at the top ten specialty retailers.
These are the Ten Biggest Specialty Shops
To determine the top ten specialty retailers, we used the most recent revenue figures from specialty retailers. This list includes specialty retailers that are not specialty apparel retailers. The list also includes Fortune 1000 businesses.
1. O’Reilly Automotive (>$10 Billion)
This company, which was founded in 1957, is based in Springfield, Mo. It distributes and sells aftermarket parts, tools, and supplies for automobiles. O’Reilly Automotive In (NASDAQ: ORLY), shares have fallen almost 14% over the past year, but have increased by more than 13% in just the last year. The company posted a net income exceeding $2 billion in 2021, and more than 1.7 billion in 2020. O’Reilly Automotive shares traded at $596 as of writing. It has a 52-week range between $526.90 and $748.68.
2. ODP (>$10 Billion)
This company was founded in 1986 and is based in Boca Raton. It offers business supplies and products as well as digital workplace technology solutions. ODP Corp (NASDAQ.ODP) shares have fallen by nearly 3% and almost 24% respectively over the past year. In 2021, the company reported a net profit of $180 million. ODP shares traded at more than $38, with a 52-week range from $34.71 to $59.29.
3. AutoZone (>$11 Billion)
This company sells replacement parts and accessories for automobiles. It was founded in 1979 in Memphis, Tenn. AutoZone shares (NYSE: AZO), are down more than 1% but have increased by over 48% over the past year. The net income for the company was more than $2B in 2021 and $1.7B in 2020. AutoZone shares traded at more than $2,064, with a 52-week range between $1,374.13 and $2,267.40.
4. Bed Bath & Beyond (>$12 Billion)
This company was founded in 1971 and is based in Union, N.J. It sells home furnishings and domestic merchandise, including kitchen textiles, tabletop products, and bath items. Shares of Bed Bath & Beyond Inc. (NASDAQ.BBBY), are down more than 51% and almost 78% respectively over the past year. In 2021, the company posted a net loss exceeding $550 million and in 2020 it reported a loss of over $150 million. Bed Bath & Beyond shares traded at more than $6 as of the writing.
5. Murphy USA (>$12 billion)
This company was founded in 2013 and is headquartered in El Dorado, Ariz. It sells motor fuel and other convenience products through its retail outlets (Murphy USA, Murphy Express). Murphy USA In (NYSE: MUSA), shares have increased by more than 19% and 72% respectively in the past year. The net income for the company was more than $390million in 2021 and over $380million in 2020. Murphy USA shares traded at more than $236 as of writing. Its 52-week range is $126.56 to $262.58.
6. Dollar Tree (>$23 Billion)
This company was founded in 1953 and is based in Chesapeake (Virginia). It operates discount stores that sell merchandise at fixed prices. Dollar Tree, Inc. shares (NASDAQ: DLTR), have increased by more than 11% and over 50% over the past year. In 2021, the company reported a net profit of over $1.30 Billion. Dollar Tree shares traded at more than $153, with a 52-week range between $84.26 and $177.19.
7. Dollar General (>$27 billion)
This company was founded in 1939 and is headquartered in Goodlettsville (Tenn.). It operates merchandise stores that sell food, snacks, and housewares. Dollar General Corp. shares (NYSE: DG), are down more than 1% but have increased by over 11% over the past year. The net income for the company was more than $2B in 2021 and $2.5B in 2020. Dollar General shares traded at $230 as of the writing of this article. Its 52-week range is $183.25 to $262.21.
8. Best Buy (>$43 Billion)
This company was founded in 1966. It is headquartered in Richfield (Minn.) and offers technology products and services to consumers. Best Buy Co Inc shares (NYSE: BBY), are down almost 29% and 37% respectively over the past year. The net income for the company was more than $2.40 Billion in 2021 and more than $1.5 Billion in 2020. Best Buy shares traded at more than $70 as of writing. Its 52-week range is $69.07 to $141.97.
Also read: How to Start An E-commerce Business From Scratch
9. Lowe’s (>$72 billion)
This company was founded in 1946 and is based in Mooresville, N.C. It offers home improvement products including maintenance, repair, and home decoration. Lowe’s Companies Inc (NYSE: LOW) shares have fallen by nearly 28% and more than 2% over the past year. In 2021, the company earned more than $8 billion and in 2020 it earned over $5 billion. Lowe’s shares traded at $184 as of writing. It has a 52-week range between $179.22 and $263.31.
10. Home Depot (>$110 Billion)
This company was founded in 1978 and is based in Atlanta, Georgia. It specializes in building materials and house improvement products. Home Depot Inc (NYSE.HD) shares have fallen by more than 30% and almost 7% respectively over the past year. The net income for the company was more than $16 million in 2021 and more than $14 billion in 2020. Home Depot shares traded at $284 as of writing. It has a 52-week range from $279.59 up to $420.61.
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