Top 50 Global Retailers 2024

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The NRF Top 50 Global Retailers list is a fresh look at the 50 most impactful international retailers based on their operations at the start of 2023.

Kantar partnered with NRF to produce this ranking of the Top 50 Global Retailers in 2023 that seeks to maximize discussion, debate, education and exploration opportunities that the ranking can provide.

Any comparison of retailers operating in multiple countries is made difficult by currency exchange rates and domestic market strengths that can distort comparisons over time. To minimize these impacts, Kantar’s retailer database is maintained in a retailer’s reported local currency, which has been converted to U.S. dollars using the International Monetary Fund rates database to assign rank points and construct this list.

Kantar’s ranking methodology uses a system in which points are given to retailers based on their domestic and international retail revenues. To qualify for the rankings, retailers need to have a direct investment in at least three countries.

Explore the complete list below or take a closer look at the rundown.

Ranking Retailer Home country Business Foundations Ranking Points International Revenues (billions) Total Company Revenues (billions) International (# stores) Total Worldwide incl. Domestic (# stores) Countries of first-party operation Notes Expand all
1 Walmart USA Mass/Hyper 458.7 $96.27 $628.56 5,230 10,569 19
2 Amazon.com USA Ecommerce 335.2 $105.10 $355.11 21 589 22
3 Schwarz Group Germany Discount Grocery 268 $119.90 $176.37 10,059 14,112 30
4 Aldi Germany Discount Grocery 234.7 $107.97 $145.44 9,219 13,475 18
5 Costco USA Club 204.9 $58.61 $234.02 280 867 15
6 Ahold Delhaize Netherlands Grocery 162.4 $75.91 $97.01 5,761 8,057 9
7 Carrefour France Mass/Hyper 133.3 $58.98 $89.71 8,192 14,014 32
8 Seven & I Japan Convenience 90.8 $32.20 $84.95 18,389 40,454 10
9 The Home Depot USA DIY 90.2 $9.61 $151.57 330 2,326 6
10 IKEA Netherlands Furniture 88.8 $44.00 $45.56 464 477 51
11 Walgreens Boots Alliance USA Drug 77.9 $12.66 $117.77 4,360 12,961 13
12 Rewe Germany Grocery 63.8 $18.01 $73.51 4,710 11,964 10
13 Apple USA Electronics 56.8 $10.68 $81.56 253 525 25
14 Inditex Spain Fashion 54.3 $24.15 $36.26 4,575 5,791 45
15 Casino France Grocery 51.8 $21.73 $38.43 3,352 11,775 8
16 Alibaba China Ecommerce 50.9 $2.58 $94.10 - 971 7
17 AS Watson Hong Kong Drug 49.7 $23.20 $29.76 15,459 16,014 24
18 Jeronimo Martins Portugal Discount Grocery 49.3 $22.95 $29.81 5,142 6,252 3
19 Metro AG Germany Mass/Hyper 48.6 $21.62 $32.40 7,459 7,834 20
20 Tesco United Kingdom Mass/Hyper 44.8 $9.20 $61.91 834 4,672 5
21 H&M Sweden Fashion 42 $20.78 $21.58 4,319 4,454 68
22 Aeon Japan Mass/Hyper 41.4 $4.62 $68.88 554 12,258 10
23 TJX USA Discount Fashion 41.2 $10.64 $50.42 1,405 4,983 10
24 Auchan France Mass/Hyper 33.1 $11.80 $30.86 1,039 1,494 8
25 Ceconomy Germany Electronics 31.2 $12.98 $23.54 625 1,023 13
26 Woolworths Limited (Aus) Australia Grocery 29.4 $5.13 $43.48 269 1,551 3
27 Leclerc France Mass/Hyper 29 $2.51 $50.39 121 2,035 7
28 Aspiag Switzerland Grocery 28.9 $14.45 $14.45 2,434 2,434 4 Aspiag data has been updated to reflect their ownership of Spar in Italy, Slovenia, Hungary, Austria and Croatia
29 Euronics International Netherlands Electronics 28.8 $14.40 $14.40 4,659 4,659 25
30 Decathlon France Sports 28.4 $13.03 $17.72 1,489 1,816 34
31 Adeo Group France DIY 28 $11.26 $22.26 567 992 10
32 Fast Retailing Japan Fashion 27.8 $11.39 $21.50 2,048 3,443 27
33 Sephora (LVMH) France Beauty 27.6 $13.22 $15.50 1,780 2,079 31
34 Best Buy USA Electronics 27.1 $3.20 $44.59 162 1,089 3
35 Intermarche France Grocery 26.8 $5.07 $38.40 827 3,651 4
36 Couche-Tard Canada Convenience 26.5 $12.73 $14.89 10,930 13,505 17
37 Landmark Group United Arab Emirates Department 22.8 $9.94 $15.76 1,906 2,352 18
38 Coop Schweiz Switzerland Grocery 22.7 $4.74 $31.18 93 2,223 6
39 Kingfisher United Kingdom DIY 22.4 $9.34 $16.87 873 2,054 9
40 Cencosud Chile Mass/Hyper 21.5 $8.58 $17.29 969 1,311 6
41 FamilyMart Japan Convenience 21.4 $4.88 $28.17 7,764 24,251 7
42 CP All Thailand Convenience 20.4 $2.95 $32.04 157 16,042 3
43 Falabella Chile DIY 18.9 $7.54 $15.24 323 529 6
44 Action Netherlands Discount Grocery 18.4 $8.51 $11.22 1,993 2,406 10
45 Expert Switzerland Electronics 17.5 $8.77 $8.77 1,911 1,911 13
46 Zalando Germany Ecommerce 16.5 $7.44 $10.66 - 15 14
47 Ace Hardware USA Hardware 16.3 $1.23 $29.00 727 5,714 14
48 Hudson's Bay Canada Department 16.1 $7.58 $9.56 203 306 6
49 dm drogerie markt Germany Drug 15.6 $4.75 $16.85 1,910 4,018 13
50 Lawson Japan Convenience 14.9 $2.51 $22.18 7,049 21,902 5
 

Methodology

The Top 50 Global Retailers is a fresh look at the 50 most impactful international retailers based on their operations from the start of 2023. The methodology uses a system that awards points to retailers based on their domestic and international retail revenues.

To qualify for this year’s ranking, companies had to meet several criteria. Both publicly and privately owned companies were considered and reviewed between January and March 2024.

First, the company must be a retailer, defined as a goods-for-consumer resale operation open to the public. Second, the company must have direct selling operations in at least three countries, one of which must not be adjacent to the retailer’s home country. Offshore tax havens, territories and protectorates are disqualified from consideration as a country.

The review process looked at retailers’ international direct selling capabilities and total global retail sales. Where reported, Kantar took the size of the company’s international retail sales for the most recent 52-week filing period in the currency provided and converted the figure to U.S. dollars. Currencies were converted using the International Monetary Fund rates database.

After considering the relative impact of international and domestic operations, Kantar created a points system that awards the most points to retailers with international direct selling and fewer points to those with a preponderance of domestic retail sales.

Sources for this year’s report included annual reports, public filings, press statements and consumer research on shopping patterns. Much of this data is collected by a global team of analysts who work throughout the year on the estimates. This information is shared with subscribers to Kantar’s Retail IQ online platform for retail performance data, kriq.kantarretailiq.com.

In alignment with Kantar’s Retail IQ methodology, only retail revenues determined rank points. As the largest global retailers continue to expand outside of retail revenues, this list now focuses only on retail-specific revenues.

Most retailers in Kantar’s scope of coverage operate in the food, drug and mass merchandise channels. To offer users a robust view of global retail trends, Kantar also covers retail leaders across all channels globally, but not exhaustively.

The result is a focused list of the Top 50 Global Retailers that emphasizes retail operations, while maintaining the importance of international capabilities.

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