With two-third of the U.S. economy depends on consumer spending, which makes it an important factor contributing to economic growth. Although e-commerce and dropshipping have changed the way companies sell products, businesses in America continue to operate thousands of brands and department stores.
Department stores in America are large retail shops that sell a wide range of products that are not limited to apparel, home appliances, electronics, cosmetics, and accessories. Some offer special types of products such as clothing, footwear, while others offer a variety of goods. Let us explore the best outlet malls in the USA.
Walmart tops the ranking not only in department stores but also in the overall ranking of top 100 retailers in the U.S. It is the world’s largest retailer that holds 16 percent of the retail market across the globe. Walmart has grown its revenue to $515 billion over the last year and stays ahead by implementing some new concepts in retail. Walmart has 1100 delivery locations for grocery and over 2700 pickup locations in the United States.
Target is another big name in the US retail that is investing aggressively to serve in the market. Target is on the way to remodel thousands of its stores that you can see with a new design in 2020. Multiple stores of Target will be seen in a different design. By redesigning its stores, Target is trying to fulfill the needs and wants of local consumers. The store is offering same-day services, including in-store pickup, at more than 1550 stores.
The Nordstorm is another luxury department store that is known for its excellent customer service. Despite being a mall-based retailer, the store also offers online services to enable customers to shop form their online stores. Customers can buy from their e-commerce website and also from their Instagram page. It has also launched a services focused chain of stores known as Nordstrom Local. Nordstrom has also opened a seven-story giant store in Manhattan with 3,20,000 square feet space at the base of Central Park Tower.
TJ Maxx and HomeGoods is another big name in America’s department stores. The costumers’ love for deals is a boon for TJ Maxx’s success. It is a leading clothing store in the off-price segment and among the top 100 retail stores in the U.S. The store is among the top stores in the US as it sells products at prices lower than other retail stores.
TJ Maxx has over 1000 stores in the U.S. and is a part of the TJX parent company. The store also has an ecommerce website to enable their customer’s order products online without visiting its retail store. TJ Maxx offers apparel, shoes, beauty products, furniture, kitchen items, and accessories, both offline and online.
Macy’s is another name among the top department stores in the United States. Founded in 1858, the store manages to cover more than 70 percent of the US retail market with 800 stores at present. The store offers home items, apparel, shoes, and accessories for men and women. Macy’s store also has an e-commerce website and mobile app that allows its customers to shop online from their computer or smartphone.
Kohl’s is another American department store retail chain that has a presence in 1158 locations in the United States. It was the largest department store in the United States in the year 2012 and the second largest in terms of retail sales. Kohl’s has a market share of 63 percent in the United States and also has an online e-commerce website. The store offers a variety of products ranging from clothing, shoes, bedding, toys, to home and kitchen appliances.
It also runs clearance sales in the off-seasons when customers can buy clothes at discounted prices. It also runs its Amazon returns program in which customers can return the items bought from Amazon and Kohl’s pack them and ship the return for free. This is a unique service offered by Kohl’s that no other retail store offers in the United States.
This was the list of popular stores and brand names in America. Almost all the stores have both offline and online presence. Customers can shop online from their websites or smartphone apps at the comfort of their home, while those who love to shop offline can visit their retail stores. Despite the competition among offline stores and that from ecommerce and dropshipping, these best outlet malls in the USA manage to run their stores successfully with high customer satisfaction.