The Top Retailers With The Most Revenue Last Year (2024)

FAQs

What retailer has the highest annual revenue? ›

The latest data from the National Retail Federation shows that Walmart continues to lead as the top US retailer. In 2021, the company brought in retail sales of $459.51 billion in the US—a 6.6 percent year-over-year increase.

The average size of the top 10 retailers exceeded $129 billion according to the Global Powers of Retailing report from Deloitte Touche Tohmatsu Limited (DTTL), in conjunction with STORES Media. Half of top 10 retailers are U.S.-based companies.

Key Takeaways

Retail sales are part of consumer spending. The biggest retail company, with TTM revenue of $600.1 billion, is Walmart.

(NYSE:WMT) are the two largest retailers in the world by Market Cap. On a strictly retail revenue basis, Walmart is much bigger than Amazon with retail revenue of $600 billion versus AMZN's $280 billion.

As of 2023, Target operates 1,948 stores throughout the United States, and is ranked No. 32 on the 2022 Fortune 500 list of the largest U.S. corporations by total revenue.

The Walmart best-seller list can never go without personal care products. Highly recommended items to sell on Walmart, regarding the Personal care category, are shampoo, cleanser, and lotion. Reusable care pads also contribute to the list.

What retailer has the most stores in the US? ›

Dollar General operates the most stores in the United States, with 17,348 currently in operation.

Walmart's success can be attributed to having their own supply chain to streamline fulfillment and cut down on costs. It also provides them with more control over their logistics network. In this article, we take a closer look at the Walmart supply chain and why it continues to be so successful decades later.

The top three global retailers all held on to their spots: Walmart is number one, with US $559.15 billion in retail revenue, followed by Amazon (US$213.57 billion), and Costco ($166.76 billion).

The National Retail Federation has released its annual Top 100 Retailers list, and Walmart remains in the leading spot, complete with 6.6 percent sales growth between 2020 and 2021 (and U.S. retail sales of $459.51 billion).

The most profitable company in the U.S. is Apple, with $94.68 billion in profit earned during their 2022 fiscal year, which began on Sept. 26, 2021, and ended on Sept. 24, 2022. Apple's profits during this time were 64.9% higher than the profits earned during the 2021 fiscal year.

For more than two decades, Walmart has topped the list of the world's Top 250 global retailers. The company's retail sales increased by 1.9% year over year in FY2019, fuelled primarily by increases in comparable stores sales in the US.

amazon.com is ranked number 1 as the most popular website in the eCommerce & Shopping category in April 2023. The average amount of time that users spend on the website is 00:07:06 minutes, and they see, on average, 9.21 pages per visit.

What is the fastest growing retailer in 2023? ›

Amazon will once again hold first place by a wide margin in 2023, with 37.6% of US retail ecommerce sales compared with the 6.4% of No. 2 Walmart Inc.

This ranking depicts the leading 100 American retailers in 2021, based on U.S. retail sales. Once again, Walmart was the leading American retailer. That year, the company accounted for retail sales of about 460 billion U.S. dollars. Walmart was founded by Samuel Moore Walton (1918-1992) in 1962.

Costco has 304,000 employees, with 203,000 of those working in the U.S. Costco generates $222.7 billion of revenue annually. Costco is the sixth-largest retailer in the world and the third-biggest in the US, behind Walmart and Amazon.

Focus on providing value to customers

Walmart has always focused on providing value to its customers by offering low prices and a wide variety of products. This has helped it to become the largest retail giant in the world.

And overall, while Costco prices are better, Walmart still has very good prices. For me, though, shopping in bulk as Costco allows me to do not only saves money but also time and energy since I can buy cases and big bags all at once!

Amazon will surpass Walmart as the largest U.S. retailer by 2024, as the online channel ramps up its share of overall retail sales dollars, CPG market researcher Edge by Ascential predicts.

Walmart Business Model

Walmart also seems more efficient in business operations than Target—this is reflected in its higher inventory and asset turnover, as well as its operational dollar generated per dollar of asset. Walmart commands nearly 20 times the market share of Target.

Over the past 10 fiscal years, Target's average annual revenue gain of 4.3% is higher than Walmart's 2.7% average increase.

Target corporation makes the majority of their revenue through retail merchandise sales. 98.7% of Target's total revenue came from merchandise sales at the end of 2021.

In fact, the Doral Walmart has the highest sales of any store in the entire country.

Is Walmart's best selling item toilet paper? ›

Toilet Paper (330 million rolls each week)

Average Walmart Seller yearly pay in the United States is approximately $124,736, which is 102% above the national average.

Largest U.S. grocers by market share, 2022

Walmart is the most popular grocery store chain nationwide, with 25.2% of the market share as of last year. Costco and Kroger are the second- and third-most-popular grocers, with 7.1% and 5.6% of the market share, respectively.

Walmart Competitors: FAQs

As of now, Walmart's biggest competitor by market share is Amazon. Operating over 10,500 stores and clubs worldwide, Walmart has slightly better financial metrics than its rival.

In 2022, Amazon closed its divide in terms of total revenue, as it generated over $513 billion in revenue, compared to over $572 billion in revenue from Walmart.

While Amazon is the clear market leader in ecommerce sales, at $50.9 billion to $19.2 billion in 2022, arch-rival Walmart has been gaining in some respects in their ongoing retail industry cage match, as evidenced in the divergence of the most recent quarterly reports of each.

Walmart's Weaknesses – Internal Strategic Factors

Low wages, inadequate healthcare, and poor working conditions are few of the issues that have been publically criticized. Large span of control – Its highly extended size and massive span of control could leave Walmart weak in some areas.

Walmart also is notable for remaining a low-road employer—not following the lead of other retail giants in establishing a higher minimum wage. With low wages and poor job quality, Walmart faces an estimated employee turnover rate of 70 percent per year.

Is Aldi bigger than Walmart? ›

Aldi has more than 1,800 stores in 35 states and is focused on growing in the Midwest, the Mid-Atlantic, Florida and California. It's on track to become America's third largest supermarket chain behind Walmart and Kroger, with 2,500 stores by the end of 2022.

And while 2023's growth will be lower than 2022's, the forecast is above the pre-pandemic average annual retail sales growth rate of 3.6%. E-commerce will also have a banner year in 2023, with sales projected to rise 10 to 12% increasing between $1.41 trillion and $1.43 trillion.

Walmart is the most popular store in America. More than half of all shoppers in the country visit a Walmart location in a given month. No other U.S. store can claim a majority of Americans as customers.

Target Corporation is an American retail corporation headquartered in Minneapolis, Minnesota. It is the seventh largest retailer in the United States, and a component of the S&P 500 Index. The company is one of the largest American-owned private employers in the United States.

Costco has 304,000 employees, with 203,000 of those working in the U.S. Costco generates $222.7 billion of revenue annually. Costco is the sixth-largest retailer in the world and the third-biggest in the US, behind Walmart and Amazon.

Apple is one of the world's most profitable businesses and retains the top spot that it earned in our 2020 study, generating over $157 billion a day, which equates to $1,820 every single second.

Is Walmart or Target a bigger company? ›

Walmart is the world's largest company by revenue, and it is also the largest private employer in the world with 2.2 million employees. Market cap and revenue numbers are accurate as of March 28, 2023.

What business makes the most millionaires? A few businesses have made more millionaires than any other. These businesses include investment banking, hedge fund management, and private equity. All these belong to the financial sector, the top industry that produces the most millionaires.

Walmart is by far the most popular grocery chain - with 25.2% of market share - dwarfing runner-up Costco, which has 7.1%, and upmarket Whole Foods 1.8% slice of market.

Largest Food Retailers Research Summary

The largest food retailer in the world is Walmart, with a revenue of $573 billion and a net income of $13.94 billion. As of 2022, the global food & grocery retail market has a market size of $14.78 trillion.

Amazon.com, Inc. (NASDAQ:AMZN) and Walmart Inc. (NYSE:WMT) are the two largest retailers in the world by Market Cap. On a strictly retail revenue basis, Walmart is much bigger than Amazon with retail revenue of $600 billion versus AMZN's $280 billion.