Even with retail’s return to a semblance of normalcy, there have been some extraor-dinary developments over the last 12 months:A renewed focus on department stores, as the two largest companies — FederatedDepartment Stores and May Department Stores — mergeinto one;Supermarkets learning to cope with Wal-Mart, but flum-moxed by the surge of natural/organic stores, limited as-sortment/low-price grocers and upscale specialty super-markets;Shakeout among drug stores after the dispersal sale of Eckerd, even as general merchandise retailers make morein-roads into the pharmacy business.The back-to-normal routine extends to the annualSTORES Top 100 Retailers survey where, despite someshuffling of a place or three, the 20 largest companies of
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STORES / JULY 2005WWW.STORES.ORG
THE
NATION’SRETAILPOWERPLAYERS2005
BYDAVID P. SCHULZ
W
hat a difference a year makes. Wal-Mart is everything itwas a year ago, only bigger, and much of the rhetoricand media attention has subsided. The retail industry has beenallowed to settle back into its insular world of supply chains,markdowns, LIFO, loss prevention and, to paraphraseMarshall Field, giving the lady what she wants.
THE
NATION’SRETAILPOWERPLAYERS2005
#78 LUXOTTICA#24 OFFICE DEPOT
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