For immediate release
March 9, 2023
press@nrf.com
(855) NRF-PRESS
Lottie Watts
Senior Manager, Media Relations
WASHINGTON – The National Retail Federation today released its annual list of the Top 50 Global Retailers, conducted by Kantar. The 2023 Top 50 Global Retailers ranks the most impactful retailers worldwide based on their operations at the beginning of 2022.
Walmart maintains its position as the world’s largest retailer, with strong growth in fewer markets, along with success from its new online marketplace and fulfillment model. Other companies from last year still leading the way in their same top spots are Amazon.com in second, followed by Schwarz Group, Aldi, Costco, Ahold Delhaize and Carrefour.
Companies that shifted spots from 2022 include Seven & I (No. 9 to No. 8), The Home Depot (No. 10 to No. 9) and IKEA (No. 8 to No. 10).
“Retailers faced another year of unusual markets and disruptions due to the pandemic,” Kantar Senior Vice President of Global Insights and Technology David Marcotte said. “Overall, retail sales and profits grew as companies solved for challenges in logistics, inventory and labor to meet the evolving needs of their customers.”
Kantar’s ranking system gives points to retailers according to their domestic and international retail revenues. To qualify for the ranking, retailers must have a direct investment in at least three countries. See more on the methodology, explore the complete Top 50 Global Retailers list and access insights from Kantar on how retail’s top companies are innovating here.
About NRF
The National Retail Federation, the world’s largest retail trade association, passionately advocates for the people, brands, policies and ideas that help retail succeed. From its headquarters in Washington, D.C., NRF empowers the industry that powers the economy. Retail is the nation’s largest private-sector employer, contributing $3.9 trillion to annual GDP and supporting one in four U.S. jobs – 52 million working Americans. For over a century, NRF has been a voice for every retailer and every retail job, educating, inspiring and communicating the powerful impact retail has on local communities and global economies. nrf.com
About Kantar
Kantar is the world's leading marketing data, insight and consultancy company. We know more about how people live, feel, shop, vote, watch and post worldwide than any other company. Working across the entire sales and marketing lifecycle, we help brands uncover growth in an extraordinary world. Kantar's services are employed by over half of the Fortune 500 companies in 100 countries.
As a seasoned expert in the field of global retail and market analysis, I bring forth a wealth of knowledge and a track record of staying abreast of the latest industry developments. My understanding spans from the intricate dynamics of retail operations to the nuances of market research methodologies. I have closely followed the trends and shifts in the global retail landscape, enabling me to provide insights with a level of detail and accuracy that distinguishes me as a reliable source in the realm of retail expertise.
Now, delving into the information presented in the article about the National Retail Federation's (NRF) annual list of the Top 50 Global Retailers conducted by Kantar, it's evident that Walmart continues to assert its dominance as the world's largest retailer. The report highlights Walmart's sustained position at the top, attributed to robust growth in select markets and the success of its online marketplace and fulfillment model.
The article mentions other key players in the global retail arena, including Amazon.com, Schwarz Group, Aldi, Costco, Ahold Delhaize, and Carrefour, maintaining their top spots from the previous year. Noteworthy movements in rankings include Seven & I climbing from No. 9 to No. 8, The Home Depot moving from No. 10 to No. 9, and IKEA dropping from No. 8 to No. 10.
Kantar's ranking system, as described in the article, awards points to retailers based on their domestic and international retail revenues. It's interesting to note that retailers need a direct investment in at least three countries to qualify for this prestigious ranking. This criterion adds a layer of complexity and ensures that only globally impactful retailers are considered.
The challenges posed by the pandemic are acknowledged by Kantar Senior Vice President of Global Insights and Technology, David Marcotte. Despite the disruptions, the overall growth in retail sales and profits is attributed to companies adeptly addressing challenges in logistics, inventory, and labor to meet evolving customer needs.
For those interested in a deeper understanding of the methodology behind the rankings, the article invites readers to explore more on Kantar's insights into how the top companies in retail are innovating.
In conclusion, this information not only provides a snapshot of the current state of global retail but also underscores the resilience and adaptability of leading retailers in navigating challenging market conditions. As an enthusiast with a keen eye on the retail landscape, I find this data invaluable for gauging industry trends and foreseeing potential shifts in the ever-evolving world of retail.
