Retail firms are specialized in the sale of products and services to buyers. The stores’ offerings include clothing, gems, household goods, small appliances, electronics, food products, drugs, and a wide spectrum of facilities like rental tools and equipment.
They sold and provide services through physical stores, selling chains, distribution centers, corner shops, stores, or outlets. However, multiple retailers are selling products online through sites, commercial Internet centers, and online applications.
This overview is resisted by corporations traded on an open market in the U.S. or Canada, either directly or through ADRs.
Which is the richest supermarket?
The world’s largest supermarket chain is U.S.-based Kroger Co., with $121.2 billion in total retail revenue. It is the fifth-largest retail company in the world based on revenue, behind Wal-Mart Stores Inc.
Who is the biggest U.K. retailer?
Tesco is the largest retailer in the U.K. and with over 3,000 outlets.
Who is the biggest online retailer in the U.K.?
Which retailer has the most stores?
Seven & I Holdings, which is the progenitor company of the 7-Eleven retail chain, had a total of 66,200 retail stores.
Which store has the most locations in the World?
Subway with 43,421 stores
They operate over 40,000 stores in 112 countries. Even Singapore, a small nation-state, has 79 locations! The most elite Subway ever was at the top of One World Trade in New York.
These statistics can be higher or experience a bit shrinking according to the market drop and fall. Hence, let’s round up to the Top Ten Largest Retailers of the World.
|WORKING AREAS:||Online shopping|
|NO. OF EMPLOYEES:||227,730|
|DOMINANT OPERATIONAL FORMAT:||Non-Store|
JD.com, Inc. is an e-commerce technology operator that sells electronic media products, including music, video, and books. The corporation provides publicity, logistics, and other services with value-added. JD.com was created in Beijing, China, on June 18, 1998, by Qiang Dong Liu. It is a Chinese e-commerce firm with headquarters in Beijing. It is a big rival to Alibaba-run Tmall, one of China’s biggest online retailers in terms of volume and retail sales. JD.com is more well-known in western countries, rival Alibaba, with a turnover of $ 98,832 billion.
9. CVS Health
|FOUNDER:||Stanley P. Goldstein and Ralph Hoagland|
|CEO:||Karen S. Lynch|
|HEADQUARTERS:||United States, Woonsocket|
|NO. OF EMPLOYEES:||290,000|
|DOMINANT OPERATIONAL FORMAT:||Drug Store/Pharmacy|
CVS Health is an American medical firm owned by CVS Pharmacy (formerly CVS Corporation and CVS Caremark Corporation). The firm has its headquarters in Woonsocket, RI, and was founded by Stanley P. Goldstein and Ralph Hoagland in 1963. OTC, skin, personal care, and various medications products are the offering goods of this retailing company.
Health facilities can also be used in their walk-in medical offices in MinuteClinic.The Health Care Benefits Segment provides products and resources for health insurance, while the Pharmaceutical Services Sector provides PBMs. It consists of 9,900 supermarket outlets and 1,100 doctors’ clinics. Recently, CVS Health reported the changes to its Board of Directors. Director Richard ‘Dick’ Swift will no longer be re-electing Richard Bracken, Mark Bertolini, and the Board of Directors will be cut from 16 to 13 in the annual business meeting in 2020.
|FOUNDER:||Karl Albrecht, Theo Albrecht|
|HEADQUARTERS:||Germany, Essen and Mühlheim|
|NO. OF EMPLOYEES:||25000|
|DOMINANT OPERATIONAL FORMAT:||Discount Store|
Aldi is the common brand of the German family-owned retail discount chains with more than 10,000 shops in more than 20 countries. It was reported $109 billion of revenue in 2020 for the German supermarket chain. With a capital budget of $3.4 billion, 70 new outlets were included in 2020. The discount retailer aims to grow its footprint in the U.S. to 2,500 by the end of 2022. This extension would make it the third biggest food store in the United States. By 2025, the firm is planning the count in the U.K. to rise to 1,200. Aldi has a reputation for beginning workers at higher than minimum wages because of Aldi’s comparatively low staffing levels compared to other supermarket chains.
7. THE HOME DEPOT
|FOUNDER:||Bernard Marcus, Arthur Blank, Ron Brill, Pat Farrah, Kenneth Langone|
|HEADQUARTERS:||United States, Atlanta|
|NO. OF EMPLOYEES:||400,000+|
|DOMINANT OPERATIONAL FORMAT:||Home Improvement|
With a revenue of $108 billion, Home Depot is the only home renovation firm in the top 10. Because of the niche quality of the goods, the company will less feel the challenge of Amazon. Home Depot, Inc. is America’s leading manufacturer of home improvements and is involved in selling home renovation and construction materials. Their offerings also include construction supplies, home renovation, lawns, gardens, and decorative products and provide domestic installation facilities and leasing of tools and supplies. It operates 2,291 stores in the United States, Mexico, and Canada.
6. WALGREENS BOOTS ALLIANCE
|FOUNDER:||Charles Rudolph Walgreen|
|HEADQUARTERS:||United States, Deerfield|
|NO. OF EMPLOYEES:||450,000|
|DOMINANT OPERATIONAL FORMAT:||Drug Store/Pharmacy|
Walgreens provides services to pharmacies. Retail Pharmacy USA operates pharmaceutical health and cosmetics retail companies that market their drugs under the Walgreens and Duane Reade brands. Retail Pharmacy USA, Retail Pharmacy International, and Pharmaceutical Wholesale work in the following divisions. Retail Pharmacy USA runs 9,277 pharmaceutical and cosmetic retail outlets under the names ‘Walgreens and Duane Reade’ and 4,605 retail outlets under the ‘Boots,’ ‘Benavides’ and ‘Ahumada’ labels.
With 13% of revenues from foreign companies, this largest healthcare company in the world has produced $139.5 billion in revenue.
|HEADQUARTERS:||United States, Cincinnati|
|WORKING AREAS:||United States|
|NO. OF EMPLOYEES:||453,000|
|DOMINANT OPERATIONAL FORMAT:||Supermarket|
Kroger is the world’s fifth-largest retailer and the United States’ fourth-largest private employer. The firm was founded in 1883 by Barney Kroger and is based in Cincinnati, OH. Kroger reported $124 billion in revenues from just 3,037 shops in the USA without a foreign presence. The company runs 2,757 stores, including 1,567 petrol centers and 2,270 drugs. Like bakeries and milk products, it also includes 35 agricultural processing facilities. Heritage Farm, Single Truth, and Simple Truth Organic are the main products of the company. Recently, it is looking to invest in companies set up to manufacture, process, and distribute upcycled consumer food products in their Zero Hunger Zero Waste Foundation Charity.
4. SCHWARZ GRUPPE
|WORKING AREAS:||Europe and the US|
|NO. OF EMPLOYEES:||458,000|
|DOMINANT OPERATIONAL FORMAT:||Discount Store|
The Schwarz Group is a multinational family retail group that operates grocery stores under Lidl and Kaufland brands. It is the biggest retailer in Europe and the world’s fourth-largest retailer. With the Dieter Schwarz Foundation in Heilbronn, he mostly supports education and science. For the Lidl grocery chain company and other retail properties, the biggest non-US entry on the list saw sales of 133 billion dollars, with 63% of sales outside Germany. Recently, Schwarz Gruppe worked on their Reset Plastic strategy and the recycled-content products, emphasizing the group’s vision of “less plastic – closed loops.” The primary recycled products became accessible at Kaufland stores in mid-January. According to Schwarz Gruppe, its products will be available in all Lidl stores in Germany at the end of March.
|FOUNDER:||James Sinegal, Jeffrey H. Brotman|
|CEO:||W. Craig Jelinek|
|HEADQUARTERS:||United States, Issaquah|
|NO. OF EMPLOYEES:||273,000|
|DOMINANT OPERATIONAL FORMAT:||Cash & Carry/Warehouse Club|
Costco Wholesale Corp. (COST), famous for its giant warehouses overflowing. The market prices for large boxes had sales of 144 billion dollars. This sale has only come from 788 locations – it will lead to high volumes reflecting the large store model. As of 2016, it is the world’s biggest option and premium beef, organic food, chicken rotisserie, and wine retailer. Costco Greolesale Corp. operates subscription stores. Costco Wholesale Corp. It covers diet, sundries, hardlines, new food, soft lines, and supplements. In the third section of 2020, in comparison to 2019, Costco announced a 7.2 percent growth in its revenues. It is involved in U.S. operations, Canadian operations, and other global operations. Due to the Covid-19 pandemic, consumer preferences have shifted, with shoppers outlay more on food, appliances, and home goods at big-box market chains like Costco. Consumers are also buying more in an online way, helping to boost Costco’s e-commerce sales.
|HEADQUARTERS:||United States, Seattle|
|NO. OF EMPLOYEES:||575,700|
|DOMINANT OPERATIONAL FORMAT:||Non-Store, E-commerce|
The world’s largest online retailer has a turnover of $386.1 billion. The company’s higher market capitalization reaches a growth rate of 22% over five years compared with just 1% for Walmart and 10 billion dollars in sales for the last financial year. Amazon.com, Inc. Amazon.com provides online shopping services. It works in North America, International, and Amazon Web Services (AWS). Cloud computing, artificial intelligence (A.I.), E-commerce, and digital broadcasting are the global technology group’s corporate priorities.
Recently, Amazon changed its app icon for the first time in more than five years. The shopping cart icon was substituted with a new logo with an ‘Amazon’-in smile combined with a blue gooey tape strip, both on a brown background. The controversy arises with the new logo where some on social media likened the tape strip to Adolf Hitler’s mustache.
1. WALMART INC.
|HEADQUARTERS:||United States, Bentonville|
|NO. OF EMPLOYEES:||2.2 million|
|DOMINANT OPERATIONAL FORMAT:||Hypermarket/Supercenter/Superstore|
Walmart is known for providing an almost infinite variety of goods, including clothing, kitchen goods, small equipment, furniture, home renovation, jewelry, gaming, and pharmaceuticals. The offerings of Walmart include warranties of products, registries, and pharmacy services.
Electricity, cloud computing, artificial intelligence (A.I.), and digital broadcasting are the global business unit’s corporate priorities. Incremental costs due to COVID-19 for Walmart amounted to $1.5 billion, while e-commerce sales of Walmart U.S. increased by 97%. In September 2020, Walmart Plus introduced a new subscription package.
Recently, Walmart Inc. is searching for a new executive to oversee its supply chain business shortly after it announced a new drive to expand its U.S.-made products. According to Walmart inc., this move will promote them to create more than 750,000 U.S. jobs and cut 100 metric tons of carbon emissions.
In this way, in the end, we can infer that the U.S. is the most perceived country on this list by France, Germany, and China, followed in the list. Other stand apart names on the list include Apple for 21st spot with a net income of US$57.411bn, Alibaba in 25th spot of US$19.82bn, and Ikea in 22nd spot of $53bn – even though its development pace of 44% in recent years is more than double that of Amazon. 2020 may have been a dreadful time for the retail business, but they all capable enough to maintain their honored positions in the market.