Apple, Amazon.com among fastest-growing retailers

NEW YORK

Forbes has released its list of the top 10 fastest-growing retailers, including Apple, Amazon.com, Urban Outfitters and The Buckle.

Apple seemed to defy the recession, doubling its sales over the past three years to $9.6 billion and boasting the most revenue per square foot for the industry, according to Forbes.

Amazon.com saw its sales grow by close to 80% over the past three years and is quickly becoming the “go-to spot for shoppers looking for convenience and reasonable prices on a wide range of merchandise, including consumer electronics.”

While specialty retail has struggled, especially teen and young adult apparel stores, both Urban Outfitters and The Buckle continue to appeal to young adults. Urban Outfitters, which specializes in clothes and household items for young adults, has seen its three-year sales grow by 68%. The Buckle, which operates mostly in small markets around the United States, saw its sales rise 49.4% over the past three years.