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Top 25 Retailers In The World

By Steve Wynne-Jones
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Top 25 Retailers In The World

Collectively, the top 25 publicly traded global retailers achieved revenue growth of 7.1% in 2022, to $3.5 trillion (€3.26 trillion), new research from GlobalData has found.

GlobalData’s Company Reports Database reveals that, of the top 25 publicly traded retailers, Alimentation Couche-Tard, Seven & i, Costco and CVS Health posted double-digit year-on-year revenue growth.

Other retailers to post impressive gains included Walmart, Amazon, JD.com, Kroger, Tesco and Albertsons, which all reported more than 5% growth in revenue.

‘Notable Advantages’

“Home improvement and pharmaceutical retailers experienced notable advantages due to lockdown restrictions in 2022,” said Ragupathy Jayaraman, business fundamentals analyst at GlobalData.

“Major online retailers, such as Amazon, JD.com and Alibaba, gained a compound annual growth rate CAGR of above 20% in revenue during 2018-2022.”

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Read More: Top Retailers And FMCG Firms In Asia-Pacific By Market Cap

In terms of operating-profit performance, close to two thirds of the top 25 publicly traded retailers reported more than 5% growth, with three firms – Sainsbury’s, Alibaba and JD.com – reporting operating profit more than 50% higher than it was before.

The World's Top 25 Retailers

Let’s have a look at the top 25 global retailers in terms of their revenue performance in 2022.

1. Walmart
Latest Revenue: US$611.3 billion
Revenue Growth: 6.7%
Operating-Profit Growth: -11.9%

Walmart secures the top spot on the list, with a revenue of $611.3 billion (€570.2 billion). Despite facing some challenges, the retail behemoth has managed to maintain a steady revenue growth of 6.7%, however, its operating-profit growth has experienced a decline of 11.9%.

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2. Amazon
Latest Revenue: US$514.0 billion
Revenue Growth: 9.4%
Operating-Profit Growth: -50.8%

E-commerce giant Amazon takes the second position, with a revenue of $514.0 billion (€479.4 billion). The company achieved strong revenue growth of 9.4%, however, its operating-profit growth faced a significant decrease of 50.8%.

3. CVS Health
Latest Revenue: US$322.5 billion
Revenue Growth: 10.4%
Operating-Profit Growth: -39.2%

CVS Health secures third place, reporting a revenue of $322.5 billion (€300.8 billion). The pharmaceutical retailer experienced revenue growth of 10.4%, but its operating-profit growth declined by 39.2%.

4. Costco
Latest Revenue: US$227.0 billion
Revenue Growth: 15.8%
Operating-Profit Growth: 16.2%

Costco ranks fourth, with a revenue of $227.0 billion (€211.7 billion). The warehouse club retailer demonstrated impressive growth, with a revenue increase of 15.8%. Furthermore, its operating-profit growth saw a substantial rise of 16.2%.

5. Home Depot
Latest Revenue: US$157.4 billion
Revenue Growth: 4.1%
Operating-Profit Growth: 4.3%

Home Depot holds the fifth position, reporting a revenue of $157.4 billion (€146.8 billion). The company achieved modest revenue growth of 4.1%, while its operating-profit growth stands at 4.3%.

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6. JD.com
Latest Revenue: US$155.5 billion
Revenue Growth: 5.4%
Operating-Profit Growth: 267.1%

JD.com – one of China’s largest e-commerce retailers – ranks sixth, globally, with a revenue of $155.5 billion (€145 billion). The company achieved revenue growth of 5.4%, while its operating-profit growth saw a surge of 267.1%.

7. Kroger
Latest Revenue: US$148.3 billion
Revenue Growth: 7.5%
Operating-Profit Growth: 18.7%

Kroger secures the seventh position on the list, reporting a revenue of $148.3 billion (€138.3 billion). The US retailer has seen revenue growth of 7.5% and significant operating-profit growth of 18.7%.

8. Walgreens Boots Alliance
Latest Revenue: US$132.7 billion
Revenue Growth: 0.1%
Operating-Profit Growth: -22.4%

Walgreens Boots Alliance ranks eighth, with a revenue of $132.7 billion (€123.77 billion). The pharmaceutical retailer experienced minimal revenue growth of 0.1%, and its operating-profit growth declined by 22.4%.

9. Alibaba
Latest Revenue: US$132.3 billion
Revenue Growth: 1.8%
Operating-Profit Growth: 51.1%

Alibaba – another major player in the Chinese e-commerce market – holds the ninth position globally, with a revenue of $132.3 billion (€123.4 billion). The company’s revenue growth is moderate, at 1.8%, but its operating-profit growth stands out, with an increase of 51.1%.

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10. Target
Latest Revenue: US$109.1 billion
Revenue Growth: 2.9%
Operating-Profit Growth: -58.5%

Target secures the tenth position on the list, reporting a revenue of $109.1 billion (€101.76 billion). While the US retailer achieved moderate revenue growth of 2.9%, its operating-profit growth faced a decline of 58.5%.

11. Ahold Delhaize
Latest Revenue: US$102.9 billion
Revenue Growth: 2.3%
Operating-Profit Growth: 0.9%

Ahold Delhaize holds the 11th position on the list, with a revenue of $102.9 billion (€95.98 billion). The Dutch company, which has retail interests in both Europe and the US, has experienced revenue growth of 2.3%. Additionally, its operating-profit growth stands at 0.9%.

12. Lowe’s Companies
Latest Revenue: US$97.1 billion
Revenue Growth: 0.8%
Operating-Profit Growth: -16.0%

Lowe’s Companies secures the 12th spot, with a revenue of $97.1 billion (€90.57 billion). The US retailer’s revenue growth was 0.8%, while its operating-profit growth faced a decline of 16.0%.

13. Carrefour
Latest Revenue: US$87.4 billion
Revenue Growth: 3.0%
Operating-Profit Growth: 21.1%

France’s Carrefour ranks 13th, reporting a revenue of $87.4 billion (€81.5 billion). The retail giant has achieved revenue growth of 3.0%. Moreover, its operating-profit growth has seen a rise of 21.1%.

14. Seven & i
Latest Revenue: US$87.3 billion
Revenue Growth: 35.0%
Operating-Profit Growth: 29.5%

Seven & i is positioned 14th, with a revenue of $87.3 billion (€81.43 billion). The 7-Eleven owner has experienced growth, with a substantial revenue increase of 35.0%. Additionally, its operating-profit growth stands at an impressive 29.5%.

15. Tesco
Latest Revenue: US$81.1 billion
Revenue Growth: 7.2%
Operating-Profit Growth: -40.4%

Tesco secures 15th position, reporting a revenue of $81.1 billion (€75.6 billion). The company achieved revenue growth of 7.2%, however, its operating-profit growth faced a decline of 40.4%.

16. Albertsons
Latest Revenue: US$77.6 billion
Revenue Growth: 8.0%
Operating-Profit Growth: -5.2%

Albertsons holds the 16th spot, with a revenue of $77.6 billion (€724 billion). The US retailer witnessed healthy revenue growth of 8.0%, however, its operating-profit growth experienced a decline of 5.2%.

17. AEON
Latest Revenue: US$67.4 billion
Revenue Growth: 4.6%
Operating-Profit Growth: 8.4%

AEON ranks 17th, globally, with a revenue of $67.4 billion (€62.9 billion). The Japanese retailer has achieved revenue growth of 4.6% and operating-profit growth of 8.4%.

18. Alimentation Couche-Tard
Latest Revenue: US$62.8 billion
Revenue Growth: 37.3%
Operating-Profit Growth: 0.1%

Alimentation Couche-Tard secures the 18th spot on the list, reporting a revenue of $62.8 billion (€58.58 billion). The Circle K owner’s revenue growth has been impressive, with a substantial increase of 37.3%, however, its operating-profit growth is modest, at 0.1%.

19. TJX Companies
Latest Revenue: US$49.9 billion
Revenue Growth: 2.9%
Operating-Profit Growth: 2.9%

TJX Companies holds the 19th spot, with a revenue of $49.9 billion (€46.5 billion). The department store operator has achieved moderate revenue growth of 2.9%, matching its operating-profit growth of 2.9%.

20. Nike
Latest Revenue: US$46.7 billion
Revenue Growth: 4.9%
Operating-Profit Growth: -3.1%

Nike ranks 20th, globally, with a revenue of $46.7 billion (€43.56 billion). The apparel retailer experienced revenue growth of 4.9%, however, its operating-profit growth faced a slight decline, of 3.1%.

21. Best Buy
Latest Revenue: US$46.3 billion
Revenue Growth: -10.6%
Operating-Profit Growth: -40.9%

Best Buy secures the 21st position on the list, reporting a revenue of $46.3 billion (€43.2 billion). The company faced a revenue growth decline of 10.6%, while its operating-profit growth experienced a decline of 40.9%.

22. Woolworths
Latest Revenue: US$45.7 billion
Revenue Growth: 0.9%
Operating-Profit Growth: -11.9%

Woolworths ranks 22nd, globally, with a revenue of $45.7 billion (€42.6 billion). The retailer achieved minimal revenue growth of 0.9%, and its operating-profit growth faced a decline of 11.9%.

23. George Weston
Latest Revenue: US$43.8 billion
Revenue Growth: 2.2%
Operating-Profit Growth: 8.9%

George Weston holds the 23rd spot on the list, with a revenue of $43.8 billion (€40.8 billion). The company has achieved modest revenue growth of 2.2%. Moreover, its operating-profit growth stands at 8.9%.

24. Loblaw Companies
Latest Revenue: US$43.4 billion
Revenue Growth: 2.4%
Operating-Profit Growth: 9.6%

Loblaw Companies secures the 24th position, reporting a revenue of $43.4 billion (€40.48 billion). The company has experienced modest revenue growth of 2.4%. Furthermore, its operating-profit growth stands at 9.6%.

25. Sainsbury’s
Latest Revenue: US$41.1 billion
Revenue Growth: -7.8%
Operating-Profit Growth: 530.5%

British retailer Sainsbury’s completes the list, ranking 25th, globally, and reporting a revenue of $41.1 billion (€38.34 billion). The company faced a decline in revenue growth, of 7.8%, however, its operating-profit growth experienced an exceptional surge, of 530.5%.

All data has been sourced from the GlobalData Intelligence Center, as well as annual reports.

Read More: The World’s Most-Popular Grocery Brands 2023: Kantar Brand Footprint

© 2023 European Supermarket Magazine – your source for the latest retail news. Article by Stephen Wynne-Jones. Click subscribe to sign up to ESM: European Supermarket Magazine.

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