Retail industry has seen come a long way from the local corner shops of the early 20th century to the e-commerce websites of present day. With the growth of population and rising demands, retail sector paved a way for the big players to enter the market and dominate by taking away most portion of the business. The quality, packaged products with stunning discounts attracted the customers who always expect more value for their money. Thus, retail industry has been very steady and in the recent times, e-commerce sites have proven to be very promising. In this list, we find a plenty of names that have been the integral part of our lives and are considered to be the top retail companies that are very much admired by the people around the world. Here is the list of the top 10 Largest retail companies in the world 2019 by revenue and the countdown follows.
This is an American retail company, which was initially founded in the year 1902 as Goodfellow Dry Goods. It operates in over 1,790 locations in the United States and is the second-largest retailer in the country. Their retail stores sell clothing, electronics, food, furniture, housewares, jewellery, gardening supplies, pet supplies, sports equipment and accessories and many more. Over 341,000 people are employed by the Target Corporation and the company’s revenue is estimated to be about US$ 73.785 billion.
9. Aldi :
It is a German based multinational discount supermarket chain, found in 1913. The company operates as two independent groups, Aldi Nord and Aldi Sud. Its stores serve in almost 10,000 locations in Europe, The United States and Australia. Grocery and housewares form the major products to be sold in Aldi stores. The company has an estimated turnover of about €53 billion and is a major rival to Lidl internationally.
8. The Home Depot Inc.:
Found in 1978, The Home Depot is a home improvement supplies superstore that sells tools, building materials, flooring, paint, plumbing, garden supplies and plants. It has about 2,270 big-box format stores across the United States, Canada and Mexico. It is the largest home improvement retailer in the United States and employs about 371,000 people. This retail company from the United States has collected about US$ 83.176 billion and its total assets are worth about US$ 39.946 billion.
7. Metro AG:
It is a German multinational diversified retail and wholesale group, established in 1964. It serves in over 25 European countries, 5 Asian countries and African countries and employs about 226,900 people across the world. This retail company from Germany offers products like warehouse club, department store, electronics speciality, hypermarket, and superstores through two divisions: Real and Media Markt. Its total revenue for the year 2015 was said to be about € 59.219 billion.
6. Lidl Stifung& Co. KG:
It is a German multinational supermarket chain, belonging to Schwarz Gruppe. It has over 10, 000 stores across each member state of the European Union, excluding Latvia, Estonia and Switzerland. It offers products through its Discount stores, hypermarket and superstores employing over 315,000 people. Its total revenue is estimated to be about € 64 billion and is the chief competitor of another German hypermarket chain Aldi.
5. Kroger Co.:
It is an American retail company, which runs the United States’ largest supermarket chain by revenue. This top retail company from Ohio is the world’s 23rd largest company and serves in about 2,770 locations in the United States of America. It operates through its convenience stores, superstores and supermarkets. It employs over 431,000 people, where about 75% of its employees are represented by the UFCW. The company collects a revenue of about US$ 109.83 billion and owns assets worth about US$ 33.987 billion.
4. Carrefour S.A:
This is a French multinational retail company, headquartered at Boulogne Billancourt, France. It has over 10,102 stores and employs about 381,220 people across the world. It is the second largest retailer in the world in terms of profit. Carrefour is one of the largest hypermarket chains in the world and operates in over 30 countries around the Globe. Its products and services are offered through forecourt stores, warehouse clubs, hypermarkets, superstores and supermarkets. Its total revenue is estimated to be about €104.4 billion and grosses a profit of about € 1.249 billion.
3. Costco Wholesale Corporation:
It is the largest membership-only club in the United States that offers a wide selection of merchandise. This top retailer of the US is known for offering low price, limited selection” treasure hunts”. It has over 700 warehouses across the United States, Mexico, Canada, United Kingdom, South Korea, Japan, Australia, Taiwan and Spain. The corporations collects a revenue of about US$ 116.199 billion and has total assets worth US$ 33.44 billion.
2. Tesco PLC:
This is a British multinational retail firm, headquartered in Hertfordshire, England, UK. It is the top retail company in the Europe and is the third largest retailer in the world by profits. It has about 6,800 stores in 12 countries across Asia and Europe. Over 500,000 people are employed by this retailer in its services like Supermarkets, Hypermarkets and Superstores. It is the market leader in the retail business in UK and has a total revenue about £ 62.284 billion.
1. Walmart Stores Inc.:
It is an American Multinational largest retail company chain that operates hypermarkets, grocery stores and discount department stores around the globe. It is owned by the Walton Family. Walmart Corporation has about 11,500 stores spread in over 28 countries. It employs about 2.3 million people worldwide, thus it is the largest private employer in the world. The world’s topmost retailer is also the world’s largest company by revenue, for its total revenue of about US$ 482.13 billion. It provides services and products like electronics, movies and music, clothing, footwear, toys, jewelry, craft supplies, grocery, sports goods, Walmart pay, Pickup today and many more.
This was the list for top 10 largest retail companies in the world by 2019 that have established themselves as the major firms in the retail industry. They have been very much popular owing to the wise investment they make in order to attract the customers. Retail companies are also a great place to work as there is a steady growth in the retail sector, since decades. However, e-commerce sites seem to be very much promising in the years to come and can bring revolution in retail industry.