Top 10 Biggest Retail Companies in the World 2025 — Finance Top 10 List

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Top 10 Biggest Retail Companies in the World 2025

Global retail is a $30 trillion industry undergoing its most profound transformation since the industrial revolution, as e-commerce, AI-powered supply chains, and direct-to-consumer models redraw competitive maps. Ranked by total annual revenue, these ten retailers collectively serve billions of customers across every income bracket and geography.

2026124 viewsMar 12, 2026 Updated Oct 3, 2026

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#1
Walmart
Walmart remains the world's largest company by revenue, generating $648 billion in fiscal year 2024 across 10,500+ stores in 19 countries. Founded by Sam Walton in Rogers, Arkansas in 1962, it employs 2.1 million people worldwide. Walmart's e-commerce grew 22% YoY, its Walmart+ membership program is closing the gap with Amazon Prime, and its advertising business generates $3.4 billion annually.
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#2
Amazon
Amazon's retail segment generates around $434 billion annually, with its third-party marketplace now accounting for more than 60% of units sold on the platform. Founded by Jeff Bezos in 1994, its private label brands, Amazon Basics, and the Whole Foods acquisition (2017, $13.7B) make it a formidable physical retailer alongside its digital dominance.
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#3
Costco
Costco is a membership-only warehouse retailer running roughly 900 locations worldwide, and it takes a large share of its operating profit from membership fees rather than product margin - renewal rates in the US and Canada sit above 90%. Founded in Seattle in 1983, it is known for holding prices on signature items: the $1.50 hot dog and soda combo has not changed price since 1985, and the $4.99 rotisserie chicken is a deliberate loss leader.
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#4
Alibaba Group
Alibaba runs Taobao and Tmall, the marketplaces that carry the bulk of China's online retail, plus the cross-border site AliExpress. Founded by Jack Ma in Hangzhou in 1999, it is a marketplace operator rather than a first-party retailer — it does not own the inventory it lists, which is why its gross merchandise volume is far larger than its revenue.
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#5
JD.com
JD.com is China's largest retailer by revenue, and unlike its marketplace-first rivals it buys and holds most of what it sells. Liu Qiangdong founded it in Beijing in 1998 as a bricks-and-mortar electronics seller and moved it online in 2004. Its differentiator is JD Logistics — a self-owned warehouse and delivery network that lets it promise same- or next-day delivery on most orders, and which it spun off as a separately listed company in 2021.
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#6
Kroger
Kroger is the largest supermarket chain in the United States with $150 billion in annual revenue across 2,700+ stores under banners including Ralphs, Fred Meyer, and Harris Teeter. Founded in Cincinnati in 1883 by Barney Kroger, its merger attempt with Albertsons (which would have created a $200B retail giant) was blocked by the FTC in 2024 on antitrust grounds. Despite this, its revenue is 67% higher than Carrefour's $90 billion, and its loyalty program drives 60% of transactions through personalized offers.
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#7
Carrefour
Carrefour is France's largest retailer and one of the biggest grocery groups in the world, with revenue in the region of EUR 90 billion from more than 14,000 stores in around 30 countries. It opened the first hypermarket, at Sainte-Geneviève-des-Bois outside Paris, in 1963, and the format it invented still shapes European grocery retail. Recent strategy has leaned on hard-discount formats and e-commerce under pressure from Lidl and Aldi.
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#8
Schwarz Group (Lidl & Kaufland)
Germany's Schwarz Group is Europe's largest retailer, operating Lidl (12,000+ stores in 31 countries) and Kaufland (1,600+ stores in 8 countries). Privately held and headquartered in Neckarsulm, Lidl's private-label model and relentless store-count expansion have disrupted grocery retail across Europe and the Americas.
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#9
Tesco
Tesco is the UK's largest supermarket with $74 billion in annual revenue across 4,000+ stores in the UK and Ireland. Founded in 1919 by Jack Cohen in London, Tesco holds a 27% share of the UK grocery market. Its Clubcard loyalty program (21 million members) is one of the most sophisticated retail data platforms in the world, generating insights that power targeted promotions and supplier negotiations. Its revenue is roughly half of Schwarz Group's $144 billion.
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#10
Target Corporation
Target generated $110 billion in fiscal 2024 revenue across 1,950+ US stores, positioning itself as the "cheap chic" alternative to Walmart through designer collaborations and curated private-label brands. Its same-day fulfillment services (Order Pickup, Drive Up, Shipt) handle a large share of its digital orders. Founded in Minneapolis in 1902 (as Dayton’s), Target’s stores remain both shopping destinations and fulfillment hubs.
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Frequently asked questions

What is the largest retail company in the world in 2025?

Walmart remains the largest retail company globally by revenue in 2025, driven by its extensive store network and e-commerce growth.

How are the top retail companies ranked in this list?

The ranking is primarily based on total annual revenue, with additional consideration for global reach and market influence.

Which companies are expected to be in the top 10 retail companies for 2025?

The top 10 typically includes Walmart, Amazon, Costco, The Home Depot, and other major retailers like Schwarz Group, Aldi, and Carrefour, though exact order may vary by source.

Are there any new entrants in the top 10 retail companies for 2025?

While established players dominate, Asian retailers like Alibaba and JD.com have been rising and may appear in the top 10 due to their rapid e-commerce expansion.

What metrics are used to determine the biggest retail companies?

Revenue is the main metric, but some rankings also factor in market capitalization, number of employees, or store count to provide a comprehensive view.