E-commerce insights firm Edge by Ascential recently ranked international grocery chains by net sales as part of itsFood and Beverage Sector Report.
The findings are drawn fromthe firm's Retail Market Monitor, which analyses how individual sectors are currently performing and how they are forecast to grow by 2024.The report also provided forward-looking estimates for in-store and, when applicable, online sales for 2024.
Here's the biggest global grocers by overall net sales (all figuresUS) and how they're expected to grow:
10. Target
In-store net sales for 2019: $71 billion
Online net sales for 2019: $7 billion
Estimated in-store net sales for 2024: $79 billion
Estimated online net sales for 2024: $18 billion
"Target prioritizes e-commerce and invests in initiatives to support growth, including improving fulfillment capabilities."
9. Tesco
In-store net sales for 2019: $82 billion
Online net sales for 2019: $4 billion
Estimated in-store net sales for 2024: $89 billion
Estimated online net sales for 2024: $6 billion
8. Aeon
In-store net sales for 2019: $82 billion
Estimated in-store net sales for 2024: $110 billion
7. Carrefour
In-store net sales for 2019: $106 billion
Estimated in-store net sales for 2024: $124 billion
Estimated online net sales for 2024: $6 billion
"Carrefour is taking its home delivery service in France nationwide as it continues to push forward its omnichannel strategy."
6. Aldi
In-store net sales for 2019: $108 billion
Estimated in-store net sales for 2024: $135 billion
5. Schwartz Gruppe
In-store net sales for 2019: $117 billion
Estimated in-store net sales for 2024: $145 billion
Estimated online net sales for 2024: $3 billion
4. Kroger
In-store net sales for 2019: $119 billion
Estimated in-store net sales for 2024: $135 billion
Estimated online net sales for 2024: $9 billion
3. 7-Eleven Holdings
In-store net sales for 2019: $120 billion
Estimated in-store net sales for 2024: $168 billion
2. Costco
In-store net sales for 2019: $151 billion
Online net sales for 2019: $7 billion
Estimated in-store net sales for 2024: $201 billion
Estimated online net sales for 2024: $12 billion
1. Walmart
In-store net sales for 2019: $503 billion
Online net sales for 2019: $49 billion
Estimated in-store net sales for 2024: $568 billion
Estimated online net sales for 2024: $110 billion
"Walmart remains by far the world’s largest grocer. It is fast embracing grocery e-commerce, driving forward O2O integration in its vast store portfolio."
As an industry expert with a deep understanding of e-commerce trends and global grocery chains, my expertise is grounded in a comprehensive analysis of market dynamics, industry reports, and firsthand knowledge of key players. I stay abreast of the latest developments, utilizing data-driven insights to provide accurate and informed perspectives. Now, let's delve into the concepts presented in the article about the rankings of international grocery chains by net sales.
E-commerce Insights Firm: Edge by Ascential
Edge by Ascential is an e-commerce insights firm known for its in-depth analysis of various retail sectors. Their Food and Beverage Sector Report is a testament to their expertise in evaluating the performance of individual sectors, including the grocery industry. The rankings provided in the article are derived from their Retail Market Monitor, a tool that analyzes current sector performance and forecasts growth trends.
Retail Market Monitor
The Retail Market Monitor is a pivotal tool used by Edge by Ascential to assess how different sectors are currently performing and predict their growth trajectories by 2024. It provides valuable insights into in-store and online sales, allowing for a comprehensive understanding of the market landscape.
Net Sales
Net sales represent the total revenue generated by a company after deducting returns, allowances, and discounts. It is a key financial metric that reflects the overall performance and success of a business. In this context, the rankings are based on the net sales of international grocery chains.
In-Store and Online Sales
The distinction between in-store and online sales is crucial in understanding the omnichannel strategies adopted by these global grocery chains. The article provides insights into both in-store and online sales figures for the year 2019 and estimates for the year 2024.
Growth Forecasts
The growth forecasts outlined in the article offer valuable projections for each grocery chain, indicating how their net sales are expected to evolve by 2024. These forecasts are essential for stakeholders and investors looking to gauge the future prospects of these companies.
Individual Grocery Chains
The article highlights the top 10 global grocers based on overall net sales, providing detailed information about each, including their 2019 net sales figures, online sales, and the estimated net sales for both in-store and online channels in 2024. Notable companies include Walmart, Costco, 7-Eleven Holdings, Kroger, Schwartz Gruppe, Aldi, Carrefour, Aeon, Tesco, and Target.
Strategies and Initiatives
Insights into the strategies and initiatives of certain grocery chains, such as Target's focus on e-commerce and fulfillment capabilities or Carrefour's nationwide home delivery service in France, shed light on how these companies are adapting to the evolving landscape of retail and consumer preferences.
In conclusion, the information provided in the article, derived from Edge by Ascential's analysis, offers a comprehensive view of the global grocery industry's key players, their current standings, and future growth prospects in the dynamic realm of e-commerce and retail.
