Based on retail sales, Walmart will be the largest retailer in the world by revenue in 2024, with revenues of over US$648 billion. Companies are classified based on their net income from retail operations in a fiscal year in millions of US dollars. Check out our list of the top 10 largest retailers in the world by revenue.
Retail companies specialise in selling goods or services to consumers. Products sold by retailers include apparel, jewellery, household goods, small appliances, electronics, groceries, pharmaceutical products, as well as a wide range of services such as equipment and equipment rental. Many of these retailers are selling goods online through websites, Internet marketplaces, and mobile applications.
Note: Revenue is the total amount of income that a company generates from the sale of goods or services. Unlike income, no expenses are deducted.
Target Corp. is an American big box department store chain headquartered in Minneapolis, Minnesota. It is the eighth-largest retailer in the United States, and a component of the S&P 500 Index. Target Corp. sells general merchandise online and in stores throughout much of the United States, Canada, and Latin America.
It began expanding stores nationwide in the 1980s, and introduced new store formats under the Target brand in the 1990s. In addition, it offers a variety of curated and general merchandise as well as food assortments, including perishables, dry groceries, dairy, and frozen goods.
Some of its brands include Archer Farmers, Pillowfort, Wine Cube, and Simply Balanced. The company has found success as a cheap-chic player in the industry. Target Corp.’s current revenue is $107 billion according to the latest financial reports, making it the tenth largest retailer in the world by revenue.
Alibaba is a Chinese multinational technology company specialising in e-commerce, retail, Internet, and technology. Alibaba has a market value of approximately US$190 billion, making it one of the world’s most financially strong companies.
According to Alibaba’s latest financial report, the company’s current revenue is $131.22 billion, making it one of the largest retailers in the world. In 2022, the company earned revenue of $127.83 billion, down from 2021’s revenue of $129.44 billion.
The company provides consumer-to-consumer (C2C), business-to-consumer (B2C), and business-to-business (B2B) sales services. It also provides local consumer, digital media and entertainment, logistics, and cloud computing services.
As of 2024, Alibaba’s global brand valuation is the ninth highest. Alibaba is one of the world’s largest retailers and e-commerce companies. In 2020, it was also ranked the fifth largest artificial intelligence company.
Walgreens Boots Alliance is primarily based in the US and provides drugstore services in Europe headquartered in Deerfield, Illinois. It owns the retail pharmacy chains Walgreens and Boots as well as several pharmaceutical manufacturing and distribution companies.
The company was formed on December 31, 2014, when Walgreens purchased the 55% stake in Alliance Boots that it did not already own. Walgreens also operates a wholesale business, which provides medications, other healthcare products, and related services to doctors, health centres, and hospitals.
Walgreens Boots Alliance is ranked 8th by total revenue. The company’s current earnings are -$13.67 billion according to the latest financial report. The company is projected to earn $60 million in 2023, which is higher than its 2022 earnings which were -$4.68 billion.
07. Kroger – $150 billion
Headquarters: Cincinnati, US
Revenue: $150 billion
Market cap: $37 billion
Earnings: $2.8 billion
The Kroger Company is an American retail company that operates supermarkets, multi-department stores, jewellery stores, and convenience stores in the United States. Kroger has a market cap of $37 billion, making it the 511th most valuable company in the world by market cap.
The company manufactures and processes some of the food sold in its supermarkets. Kroger operates 33 food processing or manufacturing facilities, 1,613 supermarket fuel centres, 2,525 pharmacies, and 225 The Little Clinic in-store medical clinics. Kroger is headquartered in downtown Cincinnati.
Also, Kroger is the largest supermarket chain in the United States by revenue and the second-largest general retailer after Walmart. Also, it is the seventh-largest American-owned private employer in the United States.
The Kroger Company is the largest grocery supermarket chain and third-largest retailer in the United States, with sales of over $100 billion. It is one of the top 10 largest retailers in the world by revenue.
06. Home Depot – $151 billion
Image: bu.edu
Headquarters: Atlanta, US
Revenue: $151 billion
Market cap: $324 billion
Earnings: $21 billion
The Home Depot, Inc. is the largest home improvement retailer in the United States, providing appliances, building products, equipment, and services. The company is headquartered in Cobb County, Georgia, which includes an Atlanta mailing address. The company’s current revenue is $151 billion according to Home Depot’s latest financial report.
The Home Depot operates hardware stores that specialise in the sale of building materials and home improvement products. Its stores are primarily located in North America. Also, it operates several big-box format stores throughout the United States, in all 10 provinces in Canada and all 32 Mexican states, and in Mexico City.
The company sells a wide range of building materials, home improvement, lawn and garden products. The company offers a variety of services, including installation services as well as tool and equipment rentals. The Home Depot is the sixth largest retailer in the world by revenue.
JD.com (Jingdong mall) is a Chinese e-commerce company that sells electronics products and general merchandise products, including audio, video products, and books. It is headquartered in Beijing, China.
It is one of China’s two largest B2C online retailers by transaction volume and revenue, a member of the Fortune Global 500, and a major competitor of Tmall, operated by Alibaba.
JD.com is one of the top 10 largest retailers in the world by revenue, with revenues exceeding US$139 billion. The company provides an online marketplace where third-party sellers sell products to customers primarily through their websites and mobile apps.
According to Jingdong Mall’s latest financial reports the company’s current revenue is $4.97 billion. It has recently begun testing robot delivery services and building drone delivery airports, as well as conducting driverless deliveries by unveiling its first autonomous truck.
04. Costco – $248 billion
Image from LinkedIn
Headquarters: Issaquah, US
Revenue: $248 billion
Market cap: $374 billion
Earnings: $9 billion
Costco Wholesale Corporation is an American multinational corporation that operates a chain of subscription-only big box retail stores. As of 2024, Costco was the world’s 4th largest retailer, and as of 2016 was the world’s largest favourite and leading retailer of beef, organic foods, rotisserie chicken, and wine.
The company offers a variety of merchandise, including packaged foods and other groceries, automotive supplies, toys, hardware, sporting goods, jewellery, electronics, apparel, and health and beauty accessories. The company also provides gas station and pharmacy services.
Costco Wholesale Corporation is ranked 11th on the Fortune 500 ranking of the largest U.S. companies by total revenue. Costco uses the Club Warehouse wholesale retailer channel for distribution, as well as selling its private label brands directly to consumers.
03. CVS Health Corporation – $360 billion
Headquarters: Woonsocket, US
Revenue: $360 billion
Market cap: $77 billion
Earnings: $13 billion
CVS Health Corporation is an American healthcare company that owns CVS Pharmacies, a retail pharmacy chain. It is the third largest retailer in the world by revenue. CVS Health Corporation is engaged in the provision of healthcare services.
The Health Care Benefits segment offers traditional, voluntary, and consumer-directed health insurance products and related services. It includes Medicare, pharmacy, dental, and behavioural health plans, Medicare management capabilities, Medicare Advantage and Medicare Supplement plans, Medicare Part D prescription drug plans.
The company was founded in 1963 by Stanley P. Goldstein and Ralph Hoagland and the company is headquartered in Woonsocket, Rhode Island. The company’s current revenue is $360.9 billion according to CVS Health’s latest financial report. Revenue is the total amount of income that a company generates from the sale of goods or services.
Amazon is an e-commerce retailer that sells a wide range of products and services globally, primarily through its website and mobile apps. With total revenue of $590 billion, it is the second largest retailer in the world as of 2024.
Amazon has been referred to as “one of the world’s most influential economic and cultural forces”, and is one of the world’s most valuable brands. It is one of the Big Five American information technology companies, along with Alphabet, Apple, Meta, and Microsoft.
Amazon also offers various subscription services and web services, including streaming entertainment and cloud computing. In addition, the company manufactures and sells electronic devices such as Kindle e-readers, Fire tablets, Fire TV, Echo and Alexa. Amazon sells groceries through its subsidiary Whole Foods Market Inc.
Walmart is the largest retailer in the world in 2024, with a total revenue of $648 billion. Walmart is an American multinational retail corporation. It operates a chain of hypermarkets, discount department stores, and grocery stores from the United States, headquartered in Bentonville, Arkansas.
The company was founded by Sam Walton in 1962 in nearby Rogers, Arkansas. It also owns and operates Sam’s Club retail warehouses. In addition, Walmart has 10,593 stores and clubs in 24 countries, which operate under 48 different names.
According to the Fortune Global 500 list, Walmart is the world’s largest company by revenue. In February 2023, Walmart announced that its fiscal year total revenue was $611.3 billion. Walmart is also the world’s largest private employer with 2.2 million employees.
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