A look at the 2022 Top 50 Global Retailers (2023)

The NRF Top 50 Global Retailers 2022 is NRF’s annual look, compiled by Kantar Retail,at the 50 most impactful international retailersbased on their operations from the start of 2021.

NRF Top 50 Global Retailers 2022 List

View the completeTop 50 Global Retailers 2022 list.

The second year of the global pandemic challenged global retail in 2021 as it did in 2020. And, just as in 2020, global retail emerged with far more revenue and profit as it managed changes in shopper needs and routines.

Extreme lockdowns still occurred but were more of the exception in most countries even with the onset of the delta and omicron variants. Nations chose to live with COVID-19 as they backed aggressive vaccination programs and encouraged widespread mask use.

(Video) Top 10 Global Retailers in The World 2022

The major exception was China, which successfully pursued a zero-COVID-19 policy that called for a rapid response to outbreaks and regional lockdowns. That approach had less impact on retail than expected but was a major factor in the inventory shortages that emerged later in the year. In fact, in many countries, the lack of inventory coupled with the unpredictable supply chain caused more retail disruptions in 2021 than COVID-19 did.

Apparel retail rebounded when malls and shopping districts reopened and flourished with shoppers’ pent-up demand. But retailers that depend on imports struggled to match their 2020 performance. And food retailing was vulnerable not only to logistics slowdowns, but also to shortages in packaging materials such as plastics and aluminum. Labor shortages flared up in most countries in 2021, which hindered many retailers’ ability to maintain opening hours and general service levels. However, since inventory and labor issues affected the whole industry, shoppers seemed to accept this new reality and continued to spend, though not at 2020 levels.

Kantar has worked with NRF to produce this ranking of the Top 50 Global Retailers which seeks to maximize discussion, debate, education and exploration opportunities 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 for the assignment of rank points and the construction of 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.

Keeping within these guidelines, Walmart continues to be the world’s largest retailer, both domestically and internationally, with a significant commitment to a new online marketplace and fulfillment model. But it faces challenges within the Top 10 from Amazon, Schwarz Group, Aldi and Costco, all of which are tapping into new markets for value shopping. Major Chinese online retailer Alibaba is still among the Top 50 but regulatory changes in its home market have limited its advantages in financial technology.

One note regarding current events: Kantar and NRF are keeping a close eye on the ongoing Russia-Ukraine conflict and the impacts on global retail. The sales and ranks represented in this publication are an accurate reflection of retailer performance through 2021, but the future remains uncertain. As such, Kantar’s retail experts are closely monitoring the conflict and will continue to provide informed perspectives. Click here for Kantar’s latest analysis.

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The top 10 most international

1. Walmart

Walmart has balanced restructuring its international portfolio, including divesting from Argentina, with a more robust omnichannel marketplace and in-store services. Leveraging its logistics advantage, it now provides shoppers with a broad range of ways to buy across all platforms. That has created new opportunities with higher-income shoppers that would normally gravitate to Amazon. And Walmart has worked to expand access to online shopping for lower-income groups in the United States and Mexico with value-priced internet access and new financial programs.

2. Amazon

A look at the 2022 Top 50 Global Retailers (1)

Amazon continues to draw strong revenue growth from its U.S. and EU divisions as it pushes into new markets in Latin America and Asia. It has also been rapidly expanding its in-house logistics to meet shopper expectations for rapid and predictable fulfillment. Continued strong results from its AWS cloud group provide a predictable base for capitalization and cash flow to expand new products and services. Amazon is also expanding its physical store network with its new Amazon Fresh banner along with existing Amazon Go stores, both of which use the retailer’s touchless Just Walk Out payment system.

3. Schwarz Group

Through its Lidl and Kaufland banners, the Schwarz Group maintains its foothold as the largest retailer in Europe and fourth largest in the world. As a privately held firm, it has been able to navigate the challenges of funding store growth while ensuring that store remodels continue in Western European markets. At the same time, it has pursued greater online penetration and fulfillment capabilities. U.S. growth has quietly restarted with a smaller format that appears to be doing well in the mid-Atlantic states.

A look at the 2022 Top 50 Global Retailers (2)

4. Aldi

Aldi’s investments in better store experiences and online access supported continued growth in all markets. One of the fastest-growing retailers in the U.S., Aldi has accelerated new store openings in new regions. And as the strongest retailer in Central Europe, it has benefited from stable economies that weathered the pandemic relatively well. Aldi has been quietly finding new markets where it can expand, including China. The company continues to integrate its global sourcing, international logistics and ecommerce operations into a highly standardized model.

5. Costco

International middle-class shoppers found value in Costco’s club model, which fueled growth in all markets. The club’s high member retention rate has created a stable reserve of funds the retailer can use to open new warehouses and expand into ecommerce. Costco is now firmly the second-largest retailer in Canada and continues to expand in Europe and the Asia-Pacific region, upsetting stable markets with new shopper expectations for unique products and experiences. Its low SKU count and rotating available product have worked in its favor within the tight international inventory environment. Costco is also reinvesting in services to enhance member value.

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6. Ahold Delhaize

As a unified company in the U.S., Ahold of the Netherlands and Delhaize of Belgium had a strong 2021 with refreshed stores and ecommerce sites along with new fulfillment capabilities on the U.S. East Coast. It has re-established its value banners in both the U.S. and Europe with an improved store experience, stronger shopper messaging and better-integrated loyalty apps. Ahold Delhaize in Europe continues to leverage best-in-class smaller grocery stores with an effective real estate strategy. Online grocery in the U.S. and Europe accounted for almost all the revenue improvement in both markets. A joint venture in Indonesia showed new growth going into 2022.

7. Carrefour

Carrefour posted better-than-expected growth in Brazil and Argentina. The retailer’s cash-and-carry “atacado” format continues to be its largest growth engine in those markets. Its purchase of the former Walmart stores owned by Advent International has expanded its positioning throughout key regions of Brazil. However, its attempt to purchase Grupo Pão de Açúcar, which would have given it almost 60 percent of the retail market in Brazil, fell through. Elsewhere, its European operations are doing well, with almost all revenue growth coming from online retail and greater volume coming from the small express pantry stores.

A look at the 2022 Top 50 Global Retailers (3)

8. Ikea

Ikea reopened in all markets in 2021 for shoppers looking for home furnishings in strong housing markets. However, its dependence on international logistics to move specially designed product from manufacturing to stores limited the retailer’s growth. Despite out-of-stocks in stores and higher prices to cover new supply costs, Ikea remained the No. 1 retailer for a population moving to new apartments and homes. The retailer is now starting to expand into Latin America with new stores in Mexico and Chile.

9. Seven & I

Breaking into the Top 10 for the first time, Seven & I operates or franchises 79,000 stores in 19 countries. Most of its stores are 7-Eleven convenience stores in the U.S. and Japan. It also operates a range of superstore, department store and small grocery formats in Asia. 7-Eleven U.S. became much larger with the purchase of the Speedway chain for convenience gas stores. And ecommerce sales have grown in all markets with the new 7Now concept being launched in the U.S. Its private label program continues to expand into new product lines, including meal solutions and cosmetics.

A look at the 2022 Top 50 Global Retailers (4)

10. The Home Depot

The Home Depot is the largest home improvement retailer in the U.S., Canada and Mexico. The retailer’s double-digit growth in 2021 was surprising on top of equally large increases in 2020. The housing markets in all three countries drove these numbers as shoppers improved their homes, both inside and out. And The Home Depot was able to capture more of the critical pro (contractor) segment that drives revenue growth in this channel. Long-term investments in ecommerce, omnichannel integration with stores and fulfillment continued to pay off across all categories.

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Just missing the international cut

Several retailers that fell slightly short of the Top 10 will likely challenge for a spot next year, but some were also affected by new regulatory uncertainties in the fast-growing China market. That was the case with Alibaba, which made last year’s Top 10 but missed the cut this time as it struggles to come to terms with changes to its financial and logistics divisions. Tencent and JD.com have almost had to reposition their business strategies for the same reason. We expect they will grow in 2022 within the new rules.

Strategies for growth

We also expect retailers in other markets to become more innovative and explore new business models that will make them more competitive in the future. Here are some examples of new ideas and new ways to generate excitement in retail.

Easy access and small-format retail

Of the remaining 40 retailers on the Top 50 list, a number shifted rankings in 2021 due to shoppers looking for easier access and value. They include the convenience chains A.S. Watson in China, Hong Kong-based Dairy Farm, Japan’s Family Mart and Canada-based Couche-Tard (usually under the Circle K banner). All grew organically or by way of acquisition.

Small pantry grocery formats also did well in multiple markets for Tesco, Auchan, Casino and Spar International, all of which continued to open stores in existing markets. Discounters such as Jerónimo Martins’ Ara in Colombia and U.S. chains Dollar General and Dollar Tree continued to grow sales and store count.

Omnichannel investments

Retailers that did not shift position, including Walgreens Boots Alliance, Germany’s Rewe and Japan’s Aeon mix of formats, and apparel retailer Fast Retailing (parent company of Uniqlo), all held their own in the markets where they compete. Each found new ways to engage shoppers with new omnichannel solutions, especially for smartphones.

Casino, Metro AG and Falabella invested significantly in omnichannel and integrating services and fulfillment across multiple groups. At the same time, these retailers are re-evaluating each market to shape their 2022 investment strategies.

Tencent owns no retail units of its own but enables other industries, including retail partners JD.com and Walmart along with thousands of small startups on social media within the Chinese market. Rakuten, Mercado Libre and eBay all continue to innovate well beyond their original business models into new retail initiatives and international markets. The growth of extended marketplaces by all major retailers has complicated the market view as they continue to cross channel borders into new product and service offerings.

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Regional and local focus

Several regional retailers are noteworthy for their operational excellence, including home improvement companies Lowe’s, Adeo Group and Kingfisher. Electronics specialists like Ceconomy (owner of Media Markt/Saturn), Best Buy and Euronics continue to operate successfully in a tough channel that competes directly with local and global pure-play companies.

Department store chains in all countries continue to lose overall share, though most had a burst of sales in the summer when most countries relaxed COVID-19 restrictions. The hypermart channel has also stopped growing as retailers have responded to shopper needs for proximity and convenience. Retailers in this channel have been replaced by cash-and-carry concepts in some markets.

Looking ahead to 2022 and beyond, investment in store networks will clearly return with a large number of remodels and a limited number of new store openings. In-store digital technology like smart shelving and frictionless purchases are expected to be a major competitive differentiator. Omnichannel access is expanding to lower-income groups, which can be a major game changer in Latin America and Africa. Greater use of small autonomous vehicles for fulfillment at a time of limited staffing is already evident in cities and on campuses. Next year’s evaluations will be based more on how well new formats address changed shopper needs and the success of global procurement strategies.


Who is the biggest retailer in the world 2022? ›

Keeping within these guidelines, Walmart continues to be the world's largest retailer, both domestically and internationally, with a significant commitment to a new online marketplace and fulfillment model.

What retailers are doing well in 2022? ›

Here's a comprehensive look at our top five, and keep reading for a full view of our ranking and our report methodology.
  • Walmart. Image. Walmart once again leads the pack, claiming a 12.67% retail share of the market, equating to $572 billion in sales. ...
  • Amazon. Image. ...
  • CVS Health. Image. ...
  • Costco. Image. ...
  • Home Depot. Image.
Apr 28, 2022

Who are the top 3 global retailers? ›

By revenue
RankNameDominant operational format
3CostcoCash & Carry/Warehouse Club
4Schwarz GruppeDiscount Store
75 more rows

Who is the largest online retailer 2022? ›

As of 2022, Alibaba Group was the largest e-commerce retailer worldwide, generating an estimated 780 billion U.S. dollars in annual online sales. Amazon was the second largest e-commerce retailer in this time period, with around 690 billion U.S. dollars in online sales.

Who are the big 4 retailers? ›

The food retail market has traditionally been dominanted by the 'big four' supermarkets -Tesco, Sainsbury's, Asda and Morrisons - who made up over three quarters of sector market share in 2010. Tesco is the largest retailer in Great Britain, with a market share of 27.5% at the end of 2022.

What is the fastest growing retail business 2022? ›

According to the latest figures from the National Retail Foundation, Harbor Freight Tools tops the list of the fastest-growing retailers in the US.

What is the fastest growing retail store? ›

Harbor Freight Tools

Who is the US largest retailer? ›

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.

Is Walmart a global retailer? ›

Walmart conducts retail and/or e-commerce operations in 24 countries around the world and sources product from more than 100 countries, each with its own unique cultural, economic, social, and political institutions and practices.

Who is the number 1 retailer? ›


What are the 4 types of retailer? ›

The four primary types of retailer formats are department stores, supermarkets, specialty stores, and online retailers. Department stores: These are large stores that sell a wide variety of merchandise. Department stores typically have several departments, each selling a different type of product.

What is the most popular online retailer in the world? ›

Amazon.com is leading the global e-commerce market, with a revenue of US$131,019 million in 2021 worldwide, followed by jd.com with US$118,515 million.

What are the 2 biggest online retailers? ›

Amazon.com is leading the U.S. e-commerce market, with e-commerce net sales of US$125,844 million in 2021 generated in the U.S., followed by walmart.com with US$46,446 million.

What are the big brands global retail? ›

The top retail companies include Walmart, Amazon, CVS, Walgreen Boot, Home Depot followed by names like Kroger, Costco, Target, Carrefour. Here is a list of the top 10 retail companies in the world 2022. In this article: Rank 1.

What is the biggest retail market in the world? ›

The United States is home to the top three retail companies of the world, namely Walmart, Amazon, and Costco. In 2021, the total retail market of the United States reached a revenue of over 6.5 trillion U.S. dollars.

What is the number 1 grocery store in America? ›


How many retail stores are there in the US in 2022? ›

There are 2,989,932 Retail Trade businesses in the US as of 2023, an increase of 1.7% from 2022.

Why is it called Big Four? ›

What is the Big Four? Big Four refers to the top four accounting firms globally that audit more than 80% of US public companies, including Deloitte, PricewaterhouseCoopers, KPMG, and Ernst & Young. For these accounting firms, this term is used because of its huge size, good reputation, and worldwide reach in the field.

Is the Big 4 Now the big 5? ›

These top accountancy firms are the largest accountancy firms in the world and are commonly called the Big 4. Until 2002, the Big 4 were the Big 5 accounting firms. The firm Arthur Andersen was dropped from this list after the Enron scandal.

What are the Big 4 companies in the US? ›

What Are the Big Four? The "Big Four" is the nickname for the four largest accounting firms in the United States, as measured by revenue. They are Deloitte, Ernst & Young (EY), PricewaterhouseCoopers (PwC), and Klynveld Peat Marwick Goerdeler (KPMG).

What is the most successful business in the world 2022? ›

In 2022, the Saudi Arabian oil company Saudi Aramco posted the highest net revenue of any company in the world, with profits of over 300 billion U.S. dollars. Apple, Microsoft, Alphabet, and Equinor rounded out the top five spots in the ranking of most profitable companies.

What is the most successful business in 2022? ›

Top 10 most successful businesses to start
  • Social media management. ...
  • Cleaning service. ...
  • Business consulting. ...
  • Copywriting. ...
  • Graphic design. ...
  • Real estate brokers. ...
  • Online courses. ...
  • Pet services. For those who love our furry friends, starting a pet service business may sound like a dream job.
Mar 4, 2022

What is the biggest business in the world 2022? ›

The World's Largest Public Companies in 2022

Today, Apple stands as the world's most valuable company, towering at a $2.3 trillion valuation. Despite the tech downturn of 2022—driven by rising interest rates and slower sales—Apple maintained its top spot.

What is the busiest month for retail? ›

November and December are the biggest two months of the year by some distance in terms of sales volumes. The biggest online sales events occur during this two month period. Singles's Day, Black Friday and Cyber Monday and the Christmas shopping period all combine to make these the peak months for online retail.

Who is the most profitable retailer? ›

Leading retailers worldwide in 2020, by retail revenue (in billion U.S. dollars)
Company (Country of origin)Retail revenue in billion U.S. dollars
Walmart Inc (United States)559.15
Amazon.com, Inc. (United States)213.57
Costco Wholesale Corporation (United States)166.76
Schwarz Group (Germany)144.25
9 more rows
May 5, 2022

What retailer has the most stores? ›

In that year, Dollar General operated more than 18,000 stores throughout the United States. Walmart was the leading retailer based on U.S. retail sales in 2020.
Number of U.S. stores of leading retailers in the United States in 2021.
CharacteristicNumber of stores
12 more rows
Jul 11, 2022

Is Costco bigger than Walmart? ›

Summary. Costco and Walmart are both leading general goods retailers that look reasonably similar at a high level. Walmart has a larger footprint, more stores, and its average shopper makes three times as many visits as the Costco shopper. However, each Costco store generates far more revenues than Walmart's.

What is the oldest retailer still operating in the US? ›

Yes Brooks Brothers, founded in 1818, is both the oldest retail chain and oldest retail clothing company but the Moravian Book Shop has the distinction of being the oldest retailer of any kind in America. The Moravian Book Shop is also the oldest bookstore in America. The shop is located in Bethlehem, Pennsylvania.

Who is the king of retailers? ›

Pantaloon's Kishore Biyani has become India's largest retailer, but still has several aces up his John Miller shirtsleeves. In India's chaotic markets, Kishore Biyani is the unchallenged king of retail.
Pantaloon Retail
Turnover:Rs 120 crore (2003-4)
22 more rows
Jun 14, 2013

Who is a global retailer? ›

Top 50 Global Retailers 2022
RankingRetailerInternational revenues (billions)
3Schwarz Group$106.04
46 more rows
Mar 23, 2022

Why did Walmart fail globally? ›

Yet, by 2006, the company had to sell off all 85 stores to Metro Group at a $1-billion loss and leave Europe. The most obvious reason was that Germany does not allow price cuts. Every retailer had matching prices, and Walmart could not offer anything which others are not offering.

Who owns the other 50% of Walmart? ›

Who Owns The Other 50% Of Walmart? The other half of Walmart not owned by the Walton family is owned by investment companies, holding groups, and individual shareholders. The second largest shareholder of Walmart stock is the Vanguard Group, one of the largest investment companies in the world.

Is Walmart still Number 1? ›

It is the third-largest retailer in the world, with revenue of $109 billion in its latest fiscal year, still a fifth of the size of Walmart.
Global 2000: Largest Publicly Traded Retail Companies.
CompanyGlobal 2000 Rank
16 more rows
May 12, 2022

What are the three 3 most important things in retailing? ›

The four Ps - Product, Price, Place, Promotion - are the basic foundations of a successful retail business.
  • Product. You need products that your customers want to buy, and a product range that will satisfy your customers' needs and desires. ...
  • Price. ...
  • Place. ...
  • Promotion.

What are the 7 types of retailers? ›

8 Types of Retail Stores
  • Grocery/Supermarket. Grocery stores and supermarkets provide a general range of food products. ...
  • Convenience Store. ...
  • Big Box/Superstore. ...
  • Specialty Store. ...
  • Department Store. ...
  • Discount Store. ...
  • Off-Price Retailer. ...
  • Warehouse.
Feb 2, 2022

What type of retailer is Walmart? ›

Walmart, Home Depot, and Ikea are examples of big-box retailers. Warehouse clubs such as Costco and BJs are the original kind of big-box retailers. Big box stores offer consumers many benefits, such as low prices, variety, and convenience.

Who is the largest online retailer in the US? ›

Amazon.com is the leading U.S. ecommerce giant with the largest market share.

Which is the best online store in USA? ›

Best Online Shopping Websites of 2023
  • Best Overall: Amazon.
  • Best for Online Bidding: eBay.
  • Best for Handmade Goods: Etsy.
  • Best for Comparing Sellers: Google Shopping.
  • Best for Home Goods: Overstock.
  • Best for Clothes and Shoes: Zappos.
  • Best for Cheap Items: Wish.
  • Best for Designer Products: Nordstrom.
Jan 15, 2023

How many online retailers are there in the US? ›

North America (USA & Canada) has about 4.2 million eCommerce companies. If you exclude B2B, and companies selling digital goods & services, there would be around 722,951 companies selling physical goods.

What store is bigger than Costco? ›

Walmart is Costco's biggest competitor. It has a much larger market position, higher earnings, and a much larger footprint.

What is bigger than Walmart? ›

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.

What store is bigger than Amazon? ›

The brands compete on everything from innovation to digital growth, logistics, and sustainability. Walmart saw a revenue of $573 billion in 2022, actually surpassing Amazon, which generated $502 billion in revenue.

How many retailers are there globally? ›

There are 7.1 million online retailers operating globally.

What do you mean by global retail? ›

Global retailing is the concept of selling products (i.e., goods and services) across the geographical boundaries of a country to the consumers available in the different parts of the world to attain global presence and recognition and to capture the opportunities prevailing in the potential overseas markets.

What is the most popular global brand? ›

Kantar BrandZ Top 10 Most Valuable Global Brands 2022
Rank 2022BrandCountry of Origin
6 more rows
Jun 15, 2022

Who is the No 1 retail company in the world? ›

Rank 1.

Walmart has more than 11000 stores and is operating across 25 countries under 50+ different names. Walmart was able to generate $500 billion of revenue and was able establish it as world's largest retail company by revenue according to Fortune Global 500 list.

Who is the world's number one retailer? ›

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).

Who is bigger Walmart or Costco? ›

Walmart has a larger footprint, more stores, and its average shopper makes three times as many visits as the Costco shopper. However, each Costco warehouse generates far more revenues than a Walmart or Sam's store.

Who is the fastest growing retailer? ›

Harbor Freight Tools

Which is the biggest retail chain in us? ›

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.

What is the oldest retailer in the world? ›

The oldest department store is Fortnum and Mason on Piccadilly Street, London. The store was established in 1707 by William Fortnum and Hugh Mason as a grocery store which sold quality and exotic food and later developed into a department store.

Who is the largest online retailer in the world? ›


Why is Kirkland so cheap? ›

Costco sources everything in bulk

However, Costco signs massive contracts committing to purchase bulk amounts from suppliers for its Kirkland Signature label, likely making those suppliers more money in a shorter amount of time than they would with traditional sales.

Who is rival of Costco? ›

Costco Wholesale Corp's (COST) main competitors in the highly competitive retail market of large discount stores are Walmart Inc. (WMT) and Target Corporation (TGT). These companies are also sometimes classified as consumer defensive stocks.

Is kirkland owned by Walmart? ›

However, the Kirkland Signature brand, which is sometimes thought of as its own independent company, is actually the store brand of Costco.

Who is the fastest growing retailer 2022? ›

According to the latest figures from the National Retail Foundation, Harbor Freight Tools tops the list of the fastest-growing retailers in the US.

What is the biggest store in USA? ›

What is the largest department store in the United States? Dollar General is the largest department store the United States in 2023.

What is the largest single retail store in the US? ›

corporate headquarters, on Herald Square in Manhattan, New York City. The building's 2.5 million square feet (230,000 m2), which includes 1.25 million square feet (116,000 m2) of retail space, makes it the largest department store in the United States and among the largest in the world. NRHP reference No.


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