The Retail Robustness Index is a Coresight Research effort to determine which retailers are best able to cope with the coronavirus crisis and Costco now ranking second might not surprise anyone.
The index is updated monthly. By robustness score, the top 10 are:
- Chewy at 82
- Costco at 79
- Weis Markets at 79
- Kroger at 76
- Murphy USA at 75
- Amazon at 74
- Home Depot at 70
- Dollar General at 70
- Walgreens Boots at 69
- Stitch Fix at 68
Target just missed the top 10, coming in number 11 at 65, and Walmart was number 17 at 60. Macy’s was a big gainer month over month, moving up to number 16 in the ranking and reaching a score of 60, which is up 26 points from June. Five Below saw a 20 point gain and Ross and Dillard’s each enjoyed an 18 point gain.
The Retail Robustness Index evaluates the 100 largest retailers in the U.S. by revenue based on their ability to weather current shifts in business due to the coronavirus crisis.
Since Coresight introduced the index, many stores have reopened in the U.S. and around the world, the market research firm noted, and many retailers have stepped up their e-commerce capabilities. It weighs financial health, product availability, product mix and management tenure. In the evolving environment, Coresight has made changes to its methodology. As financial strength has shown itself to be a key determinant in a retailer’s situation, Coresight has doubled its weighting in the index. At the same time, Coresight has eliminated international exposure as a criteria for evaluation.