The National Retail Federation (NRF), the world’s largest retail trade association, named Harbor Freight Tools the fastest growing retailer in the United States.
The NRF Hot 25 Retailers List ranks the nation’s fastest growing retailers, according to sales and growth figures compiled by Kantar, a leading data and insights company.
All retail companies with sales in excess of $300 million are eligible for the list and rankings are determined by a year-over-year percentage in sales increases.
Over the past year, Harbor Freight Tools, which for over 45 years has provided more than 40 million customers quality tools at lowest prices; has opened 131 new stores and is on target to open approximately two new stores a week. Harbor Freight Tools has also launched more than 500 new tools and products and continues to introduce new products every week.
Harbor Freight Tools also expanded its Good, Better, Best line of tools which gives customers the ability to make the best choice when selecting a tool based on their use needs, from DIYers up to professional use.
Results from the NRF’s 2022 Hot 25 Retailers List were released on August 3, 2022.