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NEW YORK -- Alimentation Couche-Tard, FEMSA, Wawa, QuikTrip and Sheetz all nailed down spots on Deloitte Touche Tohmatsu and STORES Magazine's Top 50 List of Fastest Growing Retailers.
The list was included in a 48 page report called the "Global Powers of Retailing," which also identified the 250 largest retailers in the world based on public data for the 2005 fiscal year, economic data from each continent on the list, and trends in the retailing industry.
Out of the top 250 retailers across the globe, 61 were categorized as having a type of convenience/forecourt store in their portfolio. This was exceeded only by Hypermarkets/Supercenters, other specialty stores and supermarkets. In addition, the average sales growth for companies that rank convenience formats as the dominant retail channel was 17.1 percent; however, 2005 net profit margin for companies classified as convenience formats was 2.7 percent.
Topping the fastest growing list for the convenience channel was Alimentation Couche-Tard, operator of Circle K and Mac's convenience stores in North America, at number two. Its rank on the top 250 list was 69, with $10.157 billion in sales during fiscal 2005. The company's retail sales' Compounded Annual Growth Rate (CAGR) for the past five years totaled 55.2 percent.
Next is FEMSA S.A. de C.V., operator of FEMSA convenience stores in Mexico, at number 11. The company's rank for the top 250 placed 248, and the company earned $2.55 billion during fiscal 2005. Its retail sales' CAGR placed 27.1 percent.
Wawa, Inc. finished 18th on the list of fastest growing retailers. The company earned $2.79 billion in sales for fiscal 2005, placing them at 225 on the top 250 list. The company's retail sales' CAGR was 23.8 percent.
Another c-store chain that made the list of fastest growing retailers was QuikTrip, at number 38, with $3 billion in retail sales for 2005. Its rank on the global list was 205, and its retail sales' CAGR was 15.5 percent.
Rounding out the list for convenience retailers was Sheetz, Inc., at number 40. Its $3.3 billion in retail sales earned it number 192 on the top 250, and its CAGR was 15.3 percent.