5 Largest Retailers in the US in 2022

3. Costco Wholesale Corporation (NASDAQ:COST)

Market Cap: $213.15 billion

Costco Wholesale Corporation (NASDAQ:COST) operates 838 stores around the world and is considered the leading warehouse club. The company generates a majority of its sales in the United States (73%). The company serves individual customers. The main offerings of the company include non-food merchandise, fresh food, and warehouse ancillary. Costco Wholesale Corporation (NASDAQ:COST) also offers its products online, with about 7% of the revenue coming from e-commerce sales.

The management of the company recently had a meeting with Morgan Stanley and asserted that 2023 could be a special year for Costco Wholesale Corporation (NASDAQ:COST). The management stated that the inventory build-up is now clearing off, and the company is continuing to gain market share in the US.

The ClearBridge Investments Global Infrastructure Income Strategy likes Crown Castle International Corp. (NYSE:CCI) ‘s opportunity in the 5G space, as outlined in its Q1 2022 investor letter:

US communications company Crown Castle International (NYSE:CCI) was the largest detractor from quarterly performance. Crown Castle is the leading independent owner and operator of wireless communications infrastructure in the US with a portfolio of approximately 40,000 towers. The stock underperformed as, driven by rising interest rates, investors rotated away from defensive into more value-oriented sectors. Communications infrastructure remains attractive, however, as companies continue to deploy greater capital spend to support the strong tailwinds from 5G.