This Is Surprisingly New Jersey’s #1 Retail Store
The top retail store in each state has been revealed, and New Jersey's top retailer might surprise you.
This company employs 12,500 New Jersey residents and has an annual revenue of $12 billion, according to Go Banking Rates.
New Jersey's Top Retail Store
If you thought we might be talking about Walmart or Target, those would be good guesses, but they are not headquartered in the Garden State.
The top retail company in the Garden State is Avis. We drive a lot in our state, and we rent a lot of vehicles as well.
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Avis Budget Group is headquartered in Parsippany, and they are doing robust business here in the Garden State, and around the nation.
Avis Budget Group In Parsippany
The $12 million in revenue is a far cry from the top retail outlets in the nation. They are Walmart and Amazon, and their annual revenue is jaw-dropping.
Amazon is based in Washington and has an annual revenue of $554 billion, but no retail store tops Walmart, based in Arkansas, with an annual revenue of nearly $639 billion.
Getting back to Avis, in addition to the Avis brand of rent-a-cars, Budget Rent-A-Car, Zipcar, and Budget Truck Rental fall under the company umbrella.
Over a year ago, the company moved its headquarters from a single-tenant building to a two-building campus. Both the original and new locations are in Parsippany.
The offices are now located at 379 Interpae Parkway, according to roi-nj.com.
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Gallery Credit: Lou Russo