Brand consulting firm Interbrand recently released its annual list of "
Best Retail Brands" in the nation, and Minnesota-based
Target and
Best Buy both found a spot.
Target was second on the list, just behind Walmart. The retailer's sales and revenue grew last year, and store remodels helped to freshen some locations. Also, the first City Targets opened in three cities, and many retail analysts praised the move as a new approach that could impact Target's future operations.
Best Buy ranked at number 13 on the list, and showed a steep decline in "brand value" as defined by Interbrand. In the past five years of the Interbrand list, Best Buy has usually made the top 10, and this is the first time it's dropped below that higher ranking.
Other companies in the top 10 include The Home Depot, Amazon.com, CVS, Coach, Walgreens, Sam's Club, eBay, and Nordstrom.