NoBull Research: Retail Company Systemwide Sales & Unit Growth

Oct 12, 2023 | No Bull Economics, Reports

NoBull System Sales & Unit Growth Report Banner

U.S. Retail Unit Growth Increased +1.9% Y/Y in 2022

  • Total U.S. retail systemwide unit count increased +1.9% y/y in 2022 and +1.3% compared to 2019.
  • While post-covid development has been very subdued, retail chains have been successful in driving healthy sales growth from existing stores as outlined below.
Unit Growth by Retail Segment Graph

U.S. Retail Systemwide Sales Increased +9.2% Y/Y in 2022

  • Total U.S. retail systemwide sales for NoBull’s 80+ retail company coverage (see below) increased +9.2% y/y in 2022 and +33.6% compared to 2019.
  • Home improvement and big box retail continue to build upon their strong gains relative to 2019, while the hotel segment’s recovery is finally underway.
Systemwide Sales Growth by Retail Segment Graph

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