Largest Retail Companies of the Globe with their Revenue
Retail companies make most of their business by providing the best products to their buyers while keeping the price as low as possible. Of the 50 largest retail companies in the world, 19 are based in the United States and the rest of them are based in the United Kingdom, France, Canada, Germany, Netherlands, Japan, and China. The largest retail company is also a US-based company Walmart Stores Inc., and it was recorded to produce a significant revenue of 485.87 billion dollars.
Walmart Stores Inc. With The Highest Revenue
Walmart Stores Inc. is a retail company based in the United States, and according to the sales summary of the company, it stands on top of the list of companies having the highest revenue. According to the statistics, it’s revenue in 2018 500.34 billion American Dollars and in 2016 itwas 485.87 billion US Dollars. That is about four times the revenue of Costco Co. which stands on the second in the list. Walmart appeared in fortune 500 for about 24 times.
Sam Walton, the founder of the company, had something else in his mind when he started the company as it was just meant to be a store for rural areas to help the customers by cutting the costs and sharing profits. But later on the company started to grow rapidly and now Walmart Franchises are located all across the United States of America. Sam was awarded a medal of freedom by George W. Bush back in 1992, and he died the same year.
There are a total of 5358 Walmart Stores in the United States.
Walmart operates internationally, and there are Walmart stores in 26 countries outside the United States. Following table shows Walmart Stores in different countries all around the world.
|Sr. No.||Country||Number Of Walmart Stores|
Costco Wholesale Corporation:
The second on the list is also an American company, which had an estimated revenue of 118.72. Costco Wholesale Corporation is primarily a multinational company and has a chain of stores in different countries all around the world. Although Costco is the second largest retailer but the company is the largest retailer of products like prime beer, Organic foods, wine and rotisserie chicken.
The headquarters of the company are located in Issaquah, Washington. The company was started back in 1983 in Seattle where they had their first warehouse.
Following is a table showing the number of stores in different countries all around the world:
|Sr. No.||Country||Number Of Costco Stores|
Sam’s Club and BJ’s Wholesale Club are the major competitors of Costco, and the company now has more than 205,000 employees including the part-time and full-time workers. The number of members that Costco had was 85 million, and in 2017 the number of members was 90.3 million.
Costco has the same business strategy as Walmart, as they strive to find ways and means to sell the products at a relatively low price and they sell these products in high volumes to maintain the profit margin. Costco has a policy of not keeping multiple brands of same products rather they have a house brand which is labeled under Kirkland Signature Label and due to this a single brand gets a high volume of sales which in terms helps them to reduce the price of goods even more.
50 Largest Retail Companies With Highest Revenue
|Sr. No.||Company||Origin||Generated Revenue (2016)|
|1||Walmart Stores Inc.||United States||485.87|
|2||Costco Wholesale Corporation||United States||118.72|
|3||The Kroger Co.||United States||115.34|
|5||Walgreens Boots Alliance Inc.||United States||97.06|
|6||Amazon Inc.||United States||94.67|
|7||The Home Depot||United States||94.6|
|10||CVS Health Corporation||United States||81.1|
|11||Tesco PLC||United Kingdom||72.39|
|12||Aeon Co., Ltd.||Japan||70.85|
|13||Target Corporation||United States||96.5|
|15||Lowe’s Corporation Inc.||United States||65.02|
|17||Albertsons Companies Inc.||United States||59.68|
|18||Auchan Holdings SA||France||57.22|
|20||Seven and I Holdings Co., Ltd.||Japan||51.39|
|24||Casino Guichard-Perrachon S.A.||France||39.86|
|25||Centres Distributers E. Leclerc||France||39.65|
|26||Best Buy Co., Inc.||United States||39.4|
|27||The IKEA Group||Netherlands||38|
|29||Publix Super Markets, Inc.||United States||34.27|
|30||Loblaw Companies Limited||Canada||34.25|
|31||J Sainsbury Plc||United Kingdom||34.05|
|32||The TJX Companies||United States||33.18|
|33||ITM Developpement International||France||30.77|
|34||Apple Inc.||United States||28.6|
|35||Louis Vuitton S.A.||France||26.9|
|36||Rite Aid Corporation||United States||26.82|
|37||Macy’s, Inc.||United States||25.78|
|40||Lotte Shopping Co., Ltd.||South Korea||24|
|41||H.E. Butt Grocery Company||United States||23|
|42||H & M||Sweden||22.6|
|44||Suning Commerce Group Co., Ltd.||China||22.36|
|45||Sears Holding Corporation||United States||22.14|
|46||Dollar Central Corporation||United States||22|
|48||Wm Morrison Super Markets PLC||United Kingdom||21.74|
|49||Dollar Tree, Inc.||United States||20.72|
|50||Systeme U, Centrale Nationale||France||20.68|