The National Retail Federation’s 2025 Top 100 Retailers list, compiled by Kantar, reveals ongoing shifts in the apparel and jewelry sector. TJX Companies, which includes T.J.Maxx, leads among apparel Power Players and ranks No. 15 overall, showing continued growth in U.S. sales. Ross Stores and Burlington also remain competitive, supported by diverse product sourcing and sophisticated inventory systems.
While department stores are facing challenges, some are adapting. Dillard’s, despite a slower year, is the strongest among traditional department store brands. Nordstrom’s future direction may shift with El Puerto de Liverpool now holding a 49.9 percent stake. Macy’s and Kohl’s saw year-over-year decreases in U.S. and comparable store sales, but both continue to serve key segments of the market.
Retailers inside shopping malls are attempting a revival, especially through experiential spaces and niche offerings appealing to Gen Z. Products from international markets, particularly Japan, are proving attractive to younger shoppers.
This year’s trends show off-price retailers maintaining momentum, while department stores navigate changes in ownership, strategy and consumer habits. The full NRF Top 100 Retailers list highlights these evolving dynamics in the U.S. retail landscape.
