With some retail quarters starting to trickle in, I wanted to put together a comparison of some of the US’ largest multi-line retailers based on square footage.
It’s always amazing to think about just how large $WMT is compared to its competitors. Partially because it has more international locations than the rest of its peers, it has nearly four times the amount of real estate that $TGT does: 1.1 Billion Square Feet! That’s 39 square miles, or about 1.7x the size of Manhattan.
Even more amazing perhaps, the company generates a respectable $116 gross profit dollars per square foot on all that space. That’s higher than everyone else on this list besides $COST and $JWN. Costco and Nordstrom do a great job of generating gross profit relative to their size, but also have the highest valuations per square foot to go along with that.
Sources: Most recent 10-k, Compustat Data