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Listings in Fortune 500
Companies that are listed in the Fortune 500 annual list.
Reynolds American
Reynolds American, Inc. is an American tobacco company which is a subsidiary of British American Tobacco and is the second-largest tobacco company in the United States. Its holdings include R. J. Reynolds Tobacco Company, American Snuff Company (formerly Conwood Company), Santa Fe Natural Tobacco Company, and Niconovum AB. Reynolds American’s subsidiaries manufacture and market a variety of tobacco products, including cigarettes (Newport, Camel, Pall Mall, Kent, Doral, Misty, Capri, and Natural American Spirit brands) and moist snuff (Grizzly and Kodiak brands). In 2010, Reynolds American’s operating companies sold about 28% of all cigarettes sold in the U.S. In July 2014, Reynolds American announced the purchase of Lorillard Tobacco Company in a deal valued at $27 billion. In January 2017, Reynolds American agreed to be purchased by British American Tobacco for $49.4 billion.
Rite Aid
Rite Aid Corporation is a drugstore chain in the United States. The company ranked No. 94 in the 2018 Fortune 500 list of the largest United States corporations by total revenue.[4] It is headquartered in Camp Hill, East Pennsboro Township, Cumberland County, Pennsylvania, near Harrisburg.[5][6] Rite Aid is the largest drugstore chain on the East Coast and the third largest in the U.S. Rite Aid began in 1962, opening its first store in Scranton, Pennsylvania; it was called Thrift D Discount Center. After several years of growth, Rite Aid adopted its current name and debuted as a public company in 1968. As of 2019, Rite Aid is publicly traded on the New York Stock Exchange under the symbol RAD. Its major competitors are CVS and Walgreens. In late 2015, Walgreens announced that it would acquire Rite Aid for $17.2 billion pending approval. However, on June 29, 2017, over fear of antitrust regulations, Walgreens Boots Alliance announced it would buy roughly half of Rite Aid’s stores for $5.18 billion.[7][8] On September 19, 2017, the Federal Trade Commission (FTC) approved a fourth deal agreement to purchase Rite Aid with 1,932 stores for $4.38 billion total.
Ross Stores
Ross Stores, Inc., operating under the brand name Ross Dress for Less, is an American chain of discount department stores headquartered in Dublin, California.[2] It is the largest off-priced retailer in the U.S. As of 2018, Ross operates 1,483 stores in 37 U.S. states, the District of Columbia and Guam,[3] covering much of the country, but with no presence in New England, New York, northern New Jersey, Alaska, and areas of the Midwest.[4] According to SEC filing, Ross’ target customers are primarily from middle income households.
Sears Holdings
Sears Holdings Corporation (now referred to as “Old Sears”) is an American holding company headquartered in Hoffman Estates, Illinois. It was the parent company of the chain stores Kmart and Sears and was founded after Kmart purchased Sears in 2005;[7] it filed for Chapter 11 bankruptcy in 2018 and sold its assets to ESL Investments in 2019.[8] It was the 20th-largest retailing company in the United States in 2015. Sears, Roebuck and Company, colloquially known as Sears, is a chain of department stores founded by Richard Warren Sears and Alvah Curtis Roebuck in 1893, reincorporated (a formality for a history-making consumer sector initial public offering) by Richard Sears and new partner Julius Rosenwald in 1906. Formerly based at the Sears Tower in Chicago and currently headquartered in Hoffman Estates, Illinois, the operation began as a mail ordering catalog company and began opening retail locations in 1925. The first location was in Chicago, Illinois.[3] In 2005, the company was bought by the management of the American big box chain Kmart, which formed Sears Holdings upon completion of the merger. In the 1980s and earlier, Sears was the largest retailer in the United States until when Walmart and Kmart surpassed Sears in sales in 1990.[4] In 2018, Sears was the 31st-largest retailer in the United States.[5] After several years of declining sales, its parent company filed for Chapter 11 bankruptcy on October 15, 2018.[6] Sears announced on January 16, 2019 that it had won its bankruptcy auction and would shrink and remain open with 425 stores.
Sherwin-Williams
Sherwin-Williams Company is an American Fortune 500 company in the general building materials industry. The company, with headquarters in Cleveland, Ohio, primarily engages in the manufacture, distribution, and sale of paints, coatings and related products to professional, industrial, commercial, and retail customers primarily in North and South America and Europe. The company is mostly known through its Sherwin-Williams Paints line. Its consumer brands group manufactures products under such trade names as Dutch Boy, Krylon, Dupli-Color, VHT (a division of Dupli-Color), Minwax, Thompsons WaterSeal, Pratt & Lambert, White Lightening, Purdy and Kool Seal.
Southern
Southern Company is an American gas and electric utility holding company based in the southern United States. It is headquartered in Atlanta, Georgia, with executive offices also located in Birmingham, Alabama. The company is currently the second largest utility company in the U.S. in terms of customer base. Through its subsidiaries it serves 9 million gas and electric utility customers in 6 states. Southern Company’s regulated regional electric utilities serve a 120,000-square-mile (310,000 km2) territory with 27,000 miles (43,000 km) of distribution lines.
Southwest Airlines
Southwest Airlines Co. is a major American airline headquartered in Dallas, Texas, and is the world’s largest low-cost carrier. The airline was established on March 15, 1967 by Herb Kelleher as Air Southwest Co. and adopted its current name, Southwest Airlines Co., in 1971, when it began operating as an intrastate airline wholly within the state of Texas, first flying between Dallas, Houston and San Antonio.[2][3] The airline has more than 59,000 employees as of June 2019 and operates about 4,000 departures a day during peak travel season.[4][5] As of September 2019, Southwest carries the most domestic passengers of any United States airline.[6] The airline has scheduled services to 101 destinations in the United States and ten additional countries. Its most recent expansion occurred in March, April, and May 2019 with service to Honolulu, Maui, and Kailua-Kona respectively. Southwest’s next planned service expansion is to Lihue on November 10, 2019,[7] and Hilo in January 2020.
Staples Inc.
Staples Inc. is an American office retail company. It is primarily involved in the sale of office supplies and related products, via retail channels and business-to-business (B2B)-oriented delivery operations. The company opened its first store in Brighton, Massachusetts on May 1, 1986.[4] By 1996, it had reached the Fortune 500, and it later acquired the office supplies company Quill Corporation. In 2014, in the wake of increasing competition from e-commerce market, Staples began to close some of its locations. In 2015, Staples announced its intent to acquire Office Depot and OfficeMax. However, the purchase was blocked under antitrust grounds due to the consolidation that would result. After the failed acquisition, Staples began to refocus its operations to downplay its brick-and-mortar outlets, and place more prominence on its B2B supply business. In 2017, after its sale to Sycamore Partners, the company was effectively split into three “independently managed and capitalized” entities sharing the Staples name, separating its U.S. and Canadian retail operations from the B2B business.
Starbucks
Starbucks Corporation is an American coffee company and coffeehouse chain. Starbucks was founded in Seattle, Washington in 1971. As of early 2019, the company operates over 30,000[5] locations worldwide. Starbucks has been described as the main representative of “second wave coffee,” a retrospectively termed movement that popularized artisanal coffee, particularly darkly roasted coffee.[6][7] Since the 2000s, third wave coffee makers have targeted quality-minded coffee drinkers with hand-made coffee based on lighter roasts, while Starbucks nowadays uses automated espresso machines for efficiency and safety reasons.[6][8] Starbucks locations serve hot and cold drinks, whole-bean coffee, microground instant coffee known as VIA, espresso, caffe latte, full- and loose-leaf teas including Teavana tea products,[9] Evolution Fresh juices, Frappuccino beverages, La Boulange pastries, and snacks including items such as chips and crackers; some offerings (including their annual fall launch of the Pumpkin Spice Latte) are seasonal or specific to the locality of the store. Many stores sell pre-packaged food items, hot and cold sandwiches, and drinkware including mugs and tumblers; select “Starbucks Evenings” locations offer beer, wine, and appetizers.[10] Starbucks-brand coffee, ice cream, and bottled cold coffee drinks are also sold at grocery stores. Starbucks first became profitable in Seattle in the early 1980s.[11] Despite an initial economic downturn with its expansion into the Midwest and British Columbia in the late 1980s,[12] the company experienced revitalized prosperity with its entry into California in the early 1990s.[13] The first Starbucks location outside North America opened in Tokyo in 1996; overseas properties now constitute almost one-third of its stores.[14] The company opened an average of two new locations daily between 1987 and 2007.[15] On December 1, 2016, Howard Schultz announced he would resign as CEO effective April 2017 and would be replaced by Kevin Johnson. Johnson assumed the role of CEO on April 3, 2017,[16] and Howard Schultz retired to become Chairman Emeritus effective June 26, 2018.
State Farm Insurance
State Farm is a large group of insurance and financial services companies throughout the United States with corporate headquarters in Bloomington, Illinois. State Farm is the largest property and casualty insurance provider in the United States. It is also the largest auto insurance provider in the United States.[7] State Farm is ranked 33rd in the 2017 Fortune 500, which lists American companies by revenue.[8] State Farm relies on exclusive agents (also known as captive agents) to sell insurance. Only State Farm agents can sell State Farm insurance, and their agents can sell only State Farm products.
Supervalu
SuperValu, Inc. is an American wholesaler and retailer of grocery products. The company, headquartered in the Minneapolis suburb of Eden Prairie, Minnesota,[1] has been in business for nearly a century. It is a wholly owned subsidiary of UNFI. On July 26, 2018, SuperValu announced that it had agreed to be purchased by Providence, RI-based United Natural Foods Inc., the largest distributor to Whole Foods Market and other natural foods stores. UNFI would pay $1.3 billion in cash and assume another $1.6 billion in SuperValu debt and liabilities. UNFI said it expects the deal to result in roughly $175 million in savings over three years and that it would divest itself of SuperValu’s grocery stores.
Synchrony Financial
Synchrony is a consumer financial services company headquartered in Stamford, Connecticut, United States.[2] The company offers consumer financing products, including credit, promotional financing and loyalty programs, installment lending to industries, and FDIC-insured consumer savings products through Synchrony Bank, its wholly owned online bank subsidiary.
Synnex
Synnex Corporation, founded in 1980 by Robert T. Huang and based in Fremont, California, is an information technology supply chain services company offering services to original equipment manufacturers, software publishers and reseller customers. The president and CEO, as of November 2008, was Kevin M. Murai.
Sysco
Sysco Corporation (an acronym for Systems and Services Company) is an American multinational corporation involved in marketing and distributing food products, smallwares, kitchen equipment and tabletop items to restaurants, healthcare and educational facilities, hospitality businesses like hotels and inns, and wholesale to other companies that provide foodservice (like Aramark and Sodexo). The company is headquartered in the Energy Corridor district of Houston, Texas.[2] Sysco, an acronym for Systems and Services Company, is the world’s largest broadline food distributor; it has more than 600,000 clients in a wide array of fields. Management consulting is also an integral part of their services. The company operates approximately 330 distribution facilities worldwide; providing service to over 90 countries. The company was founded by Herbert Irving, John F. Baugh and Harry Rosenthal in 1969.[3] The company became public on March 3, 1970. On July 20, 2009, Fortune magazine ranked Sysco No. 204 in the annual Fortune 500 companies in world based on sales volume. On May 3, 2010, Fortune ranked Sysco as the 7th largest Fortune 500 Company in Texas and 55th largest in the U.S. by total revenue.[4] Sysco is also the largest non-oil related company in Houston and the third largest non-tech related company in Texas (behind AT&T and Dell).[4] The company ranked No. 54 in the 2018 Fortune 500 list of the largest United States corporations by total revenue.[5] In December 2013, Sysco announced an $8.2 billion planned acquisition of its next-largest food distribution rival, US Foods.[6] The Federal Trade Commission challenged the acquisition as a violation of the Clayton Antitrust Act that would substantially lessen competition. The court ruled that the combined company would likely reduce competition because it would control 75% of the U.S. food service industry, Sysco terminated its merger with US Foods.
Target
Target Corporation is the eighth-largest retailer in the United States, and is a component of the S&P 500 Index.[3] Founded by George Dayton and headquartered in Minneapolis, the company was originally named Goodfellow Dry Goods in June 1902 before being renamed the Dayton’s Dry Goods Company in 1903 and later the Dayton Company in 1910. The first Target store opened in Roseville, Minnesota in 1962 while the parent company was renamed the Dayton Corporation in 1967. It became the Dayton-Hudson Corporation after merging with the J.L. Hudson Company in 1969 and held ownership of several department store chains including Dayton’s, Hudson’s, Marshall Field’s, and Mervyn’s. It is unrelated to Target Australia. Target established itself as the day time division of the Dayton-Hudson Corporation in the 1970s; it began expanding the store nationwide in the 1980s and introduced new store formats under the Target brand in the 1990s. The company has found success as a cheap-chic player in the industry.[4] The parent company was renamed the Target Corporation in 2000 and divested itself of its last department store chains in 2004. It suffered from a massive and highly publicized security breach of customer credit card data and the failure of its short-lived Target Canada subsidiary in the early 2010s but experienced revitalized success with its expansion in urban markets within the United States. As of May 26, 2019, Target operates 1,871[1] stores throughout the United States. The company is ranked No. 39 on the 2018 Fortune 600 list of the largest United States corporations buy total revenue.[5] Their retail formats include the discount store Target, the hypermarket SuperTarget, and “small-format” stores previously named CityTarget and TargetExpress before being consolidated under the Target branding. Target is often recognized for its emphasis on “the needs of its younger, image-conscious shoppers”, whereas its rival Walmart more heavily relies on its strategy of “always low prices”.
Tech Data
Tech Data Corporation (commonly referred to as Tech Data) is an American multinational distribution company specializing in IT products and services headquartered in Clearwater, Florida. Tech Data provides a broad range of product lines, logistics capabilities and value-added services that enable technology manufacturers and resellers, such as Google, Apple, Cisco, Dell, Fortinet, Hewlett Packard Enterprise, HP Inc., IBM, Lenovo, LG, Microsoft, Samsung, Sony, Symantec, Trend Micro, Viewsonic and VMware, to deploy IT solutions. Tech Data is now one of the world’s largest distributors of IT products and services, generating $37.7 billion in net sales for the fiscal year ended January 31, 2017.[2] The company ranked No. 83 on the 2018 Fortune 500[3] and one of Fortune’s “World’s Most Admired Companies.”
Tenet Healthcare
Tenet Healthcare Corporation is a multinational investor-owned healthcare services company based in Dallas, Texas, United States. Through its brands, subsidiaries, joint ventures, and partnerships,[4] including United Surgical Partners International (USPI),[5] the company operates a number of facility types.[6][7][8][9] At the end of 2018, Tenet had 115,500 employees and operated 68 hospitals with approximately 17,935 licensed beds, 23 surgical hospitals, and 475 outpatient centers. The company subsequently sold three hospitals in the Chicago area in January 2019, bringing the total hospital count to 65.[1] Since its founding in 1969,[10] Tenet has expanded significantly. Among other major acquisitions and formations, Tenet founded Conifer Health Solutions in 2008,[11] MedPost Urgent Care in 2014,[12] and in 2013 acquired Vanguard Health Systems, Inc., an investor-owned hospital company whose operations complemented Tenet’s existing business.[13] The acquisition created the third-largest investor-owned hospital company in the United States in terms of revenue and the third-largest in number of hospitals owned.[14] In 2015, Tenet acquired USPI, which created the largest operator of outpatient surgery centers in the United States.[5] In 2018, the company ranked 147th in the Fortune 500.
Texas Instruments
Texas Instruments Incorporated (TI) is an American technology company that designs and manufactures semiconductors and various integrated circuits, which it sells to electronics designers and manufacturers globally.[4] Its headquarters are in Dallas, Texas, United States. TI is one of the top-10 semiconductor companies worldwide, based on sales volume.[5] Texas Instruments’s focus is on developing analog chips and embedded processors, which account for more than 80% of their revenue.[6] TI also produces TI digital light processing technology and education technology[6] products including calculators, microcontrollers and multi-core processors. To date, TI has more than 45,000 patents worldwide.[7] Texas Instruments emerged in 1951 after a reorganization of Geophysical Service Incorporated, a company founded in 1930 that manufactured equipment for use in the seismic industry, as well as defense electronics.[8] TI produced the world’s first commercial silicon transistor in 1954,[9] and designed and manufactured the first transistor radio in 1954. Jack Kilby invented the integrated circuit in 1958 while working at TI’s Central Research Labs. TI also invented the hand-held calculator in 1967, and introduced the first single-chip microcontroller in 1970, which combined all the elements of computing onto one piece of silicon.[10] In 1987, TI invented the digital light processing device (also known as the DLP chip), which serves as the foundation for the company’s award-winning DLP technology and DLP Cinema.[10] In 1990, TI released the popular TI-81 calculator, which made it a leader in the graphing calculator industry. In 1997, its defense business was sold to Raytheon, which allowed TI to strengthen its focus on digital solutions.[11] After the acquisition of National Semiconductor in 2011, the company had a combined portfolio of nearly 45,000 analog products and customer design tools,[12] making it the world’s largest maker of analog technology components.
Textron
Textron Inc. is an American industrial conglomerate based in Providence, Rhode Island. Textron’s subsidiaries include Arctic Cat, Bell Helicopter, Textron Aviation (which itself includes the Beechcraft, Hawker and Cessna brands), and Lycoming Engines. It was founded by Royal Little in 1923 as the Special Yarns Company. In 2018, Textron employed over 37,000 people worldwide.[2] The company ranked 208th on the 2018 Fortune 500 of the largest United States corporations by revenue.
The Hartford
Also known as Hartford Financial Services