Hudson's Bay was ranked the fastest growing retailer in the United States in 2014, recording a year-over-year sales increase of 254 percent. U.S. sales totaled $5.1 billion, with much of the growth stemming from its acquisition of Saks.
According to STORES Magazine's annual Hot 100 Retailers list, which consists of retailers that reported the greatest increase in domestic sales between 2013 and 2014, pure e-retailer Choxi.com ranked No. 2. The e-commerce company features daily deals with a flat shipping rate of $2, and is new to the Hot 100 list.
The No. 3 spot went to another daily deal site, Zulily, with sales growing 73 percent to more than $1.1 billion. G-III Apparel Group (No. 4) and Wayfair (No. 5) both completed acquisitions last year—Wilsons Leather, Bass and G.H. Bass & Co. for the former and a host of e-commerce brands for the latter.
Both Signet Jewelers (No. 8) and Men's Wearhouse (No. 9) boosted their sales by 49 percent and 44 percent after acquisitions of Zale and Jos. A Bank, respectively. Rounding out the top 10 are AT&T Wireless (No. 6), Office Depot (No. 7) and Northern Tool and Equipment (No. 10).
Six retailers that have remained on the top 100 list since its inception in 2006 include Amazon (No. 18), O'Reilly Automotive (No. 62), Tractor Supply Co. (No. 38), Dick's Sporting Goods (No. 53), Dollar Tree (No. 57) and Ross Stores (No. 70).
-See this National Retail Federation press release
Wayfair launches home makeover show
Zulily testing returns
Saks unveils shoe-only format
Saks uses social media to nab shoppers
Hudson's Bay's e-commerce up 73% in quarter