Top 50 Global Retailers 2019

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The Top 50 Global Retailers is a fresh look at the 50 most international retailers based on their operations at the start of 2018. The methodology uses a system in which points are given to retailers based on their international revenues, their participation in franchising and alliances outside of their local region, and their ability to sell via online marketplaces. To qualify for the rankings, retailers need to have a direct investment in at least three countries, at least one of which is not adjacent to the domestic market. 

Rank Retailer Home country/region Ranking points International revenues (billions) Global total revenues (billions) Marketplace, franchise and alliance revenues Countries of first-party operation # Business foundations International (# stores) Total worldwide incl. domestic (# stores) Expand all
1 Walmart U.S. (Americas) 435,155 $118.07 $500.34 Greater than $20 billion 29 Mass/Grocery 6,360 6,360
2 Amazon.com U.S. (Americas) 185,403 $54.30 $160.41 Greater than $200 billion 18 Ecommerce 7 472
3 Schwarz Group Germany (Europe) 146,235 $63.51 $101.94 - 29 Alternative Mass/Grocery 7,398 7,398
4 Carrefour France (Europe) 120,827 $48.66 $89.16 Less than $10 billion 37 Mass/Grocery 6,729 6,729
5 Ahold Delhaize Netherlands (Europe) 119,353 $55.46 $70.92 Less than $10 billion 9 Mass/Grocery 4,474 4,474
6 Costco U.S. (Americas) 117,217 $35.14 $129.03 - 12 Alternative Mass/Grocery 227 227
7 Alibaba China (Asia) 110,980 $7.88 $39.94 Greater than $750 billion 8 Ecommerce 100 100
8 Aldi Germany (Europe) 99,418 $37.95 $84.98 - 18 Alternative Mass/Grocery 6,509 6,509
9 Auchan France (Europe) 94,793 $41.62 $63.78 - 15 Mass/Grocery 1,710 1,710
10 Tesco U.K. (Europe) 67,713 $19.15 $74.12 Less than $10 billion 10 Mass/Grocery 3,356 3,356
11 Walgreens Boots Alliance U.S. (Americas) 67,277 $11.81 $99.12 - 16 Drug-Health-Beauty 4,722 4,722
12 Spar International Netherlands (Europe) 66,619 $31.42 $38.99 - 17 Convenience 2,700 8,571
13 The Home Depot U.S. (Americas) 64,074 $9.08 $100.90 - 6 Home Improvement 304 304
14 Rewe Group Germany (Europe) 61,996 $18.12 $65.29 Greater than $15 billion 11 Mass/Grocery 4,618 4,618
15 Seven & I Japan (Asia) 60,640 $18.53 $56.43 Greater than $45 billion 3 Convenience 44,400 44,400
16 IKEA Netherlands (Europe) 57,812 $27.75 $28.84 Greater than $15 billion 52 Home Improvement 390 390
17 Casino France (Europe) 53,915 $20.30 $45.36 Less than $10 billion 15 Mass/Grocery 3,050 3,050
18 Metro AG Germany (Europe) 51,025 $19.81 $41.03 Less than $10 billion 25 Alternative Mass/Grocery 5,846 5,846
19 Inditex Spain (Europe) 50,492 $23.93 $28.59 Less than $10 billion 96 Fast Fashion 5,787 5,787
20 Aeon Japan (Asia) 47,511 $6.46 $75.65 - 11 Mass/Grocery 4,346 4,346
21 H&M Sweden (Europe) 45,277 $22.38 $23.41 - 69 Fast Fashion 4,567 4,567
22 McDonald's U.S. (Americas) 41,450 $14.81 $22.82 Greater than $50 billion 120 Fast Food 23,205 23,205
23 Lowe's U.S. (Americas) 41,060 $4.50 $68.62 - 3 Home Improvement 313 313
24 JD.com China (Asia) 38,783 $5.10 $51.00 Greater than $30 billion >5 Ecommerce - -
25 Intermarché France (Europe) 37,504 $9.17 $47.01 - 4 Mass/Grocery 1,178 1,178
26 Naspers South Africa 35,136 $12.06 $20.10 Greater than $45 billion 41 Ecommerce - -
27 Adeo Group France (Europe) 34,523 $15.03 $23.96 - 15 Home Improvement 558 558
28 A.S. Watson Hong Kong SAR (Asia) 34,297 $16.19 $20.02 - 26 Drug-Health-Beauty 13,504 13,504
29 Leclerc France (Europe) 31,588 $2.88 $50.66 - 7 Mass/Grocery 93 93
30 TJX U.S. (Americas) 30,695 $8.51 $35.87 - 10 Fast Fashion 1,077 1,077
31 Ceconomy Germany (Europe) 30,497 $12.33 $24.01 - 15 Consumer Electronics 624 624
32 Jerónimo Martins Portugal (Europe) 28,920 $13.15 $18.38 - 3 Alternative Mass/Grocery 3,394 3,394
33 YUM! Brands + YUM! China (Asia) U.S. (Americas) 26,922 $10.49 $13.02 Greater than $45 billion 139 Fast Food 27,007 27,007
34 Best Buy U.S. (Americas) 26,309 $3.49 $42.15 - 4 Consumer Electronics 216 216
35 Couche-Tard Canada (Americas) 25,899 $12.20 $14.29 Less than $10 billion 23 Convenience 13,901 13,901
36 Cencosud Chile (Americas) 22,449 $9.46 $16.51 - 5 Mass/Grocery 751 751
37 Starbucks U.S. (Americas) 22,000 $6.73 $22.39 Less than $10 billion 75 Fast Food 13,409 13,409
38 eBay U.S. (Americas) 21,838 $5.48 $9.57 Greater than $50 billion >10 Ecommerce - -
39 Dairy Farm Hong Kong SAR (Asia) 21,797 $10.07 $11.29 More than $10 billion 11 Mass/Grocery 4,781 4,781
40 Fast Retailing Japan (Asia) 20,381 $7.97 $16.86 - 22 Fast Fashion 2,422 2,422
41 Tencent China (Asia) 19,535 $728.00 $36.39 - 1 Ecommerce - -
42 Decathlon France (Europe) 19,104 $8.59 $12.43 - 25 Sporting Goods 1,097 1,097
43 Lotte Shopping South Korea (Asia) 17,223 $2.68 $26.41 - 4 Mass/Grocery 173 173
44 FamilyMart UNY Japan (Asia) 13,384 $3.08 $12.81 Greater than $20 billion 9 Convenience 6,849 6,849
45 Gap Inc. U.S. (Americas) 12,983 $3.29 $15.86 Less than $10 billion 49 Fast Fashion 956 956
46 Kingfisher U.K. (Europe) 12,325 $5.19 $9.07 - 10 Home Improvement 407 407
47 ICA Group Sweden (Europe) 8,690 $1.64 $12.46 - 4 Mass/Grocery 259 259
48 Rakuten Japan (Asia) 7,894 $420.00 $8.41 Greater than $30 billion 1 Ecommerce - -
49 Yahoo Japan (Asia) Japan (Asia) 6,833 $422.00 $8.45 Greater than $15 billion 1 Ecommerce - -
50 Euronics International Netherlands (Europe) 6,375 $2.00 $2.50 Greater than $20 billion 36 Consumer Electronics 8,480 8,480

To qualify for this year’s rankings, companies had to meet several criteria. Both publicly and privately owned companies were considered and the businesses reviewed between October and December 2018.

Firstly, the company needed to be a retailer, defined as either a goods-for-consumer resale operation or a restaurant business open to the public. Secondly, the company must have direct selling operations in at least three countries, one of which must not be an adjacent territory to the retailer’s home country. Offshore tax havens, territories and protectorates are disqualified from consideration as a country. Thirdly, when reviewing franchise operations, the company must hold the global license to franchise the store name in the majority of countries where the franchise operates.

The review process looked at three elements of business models, with international direct selling capabilities qualifying as the first point of review. Where reported, teams took the size of the company’s international retail sales for the most recent 52-week filing period, in the currency provided, and converted the figure to U.S. dollars. Exchange rates were converted using the rate the company published where published; otherwise, we used the exchange rate published by the Federal Reserve Bank for the fiscal period. Generally speaking, reviewed annual filings were published between March and September 2018.

The second point of review was company franchise sales, where they had granted other retailers the right to run the franchise. Where the franchise sales value was reported, often called total system-wide sales, we took this figure and applied the same currency exchange rate methodology as in the first review. When the system-wide sales were not reported, we took the values from the reports provided by area franchisees.

The third point of review was marketplace sales and sourcing alliances. Marketplace sales are those where the retailer provides the digital platform (website, mobile app or voice ordering system) and assists shoppers with delivery options but will allow a large number of sellers to list products on the platform. Many companies that operate marketplaces report gross merchandise value; where this was reported we took the number. In instances where it was not reported, we estimated the value based on daily website traffic and other metrics. When reviewing sourcing alliances — where two or more retailers purchase goods from a wholesaler together or create private label products together — we looked at the size of the partner retailers in the alliance.

After looking at all three elements, we created a points system giving the most points to retailers with international direct selling, a lower number of points to retailers with international area franchise agreements and a limited number of points to retailers using marketplaces or buying alliances to generate international scale.

Sources for this year’s reports included annual reports, public filings and press statements, as well as consumer research on shopping patterns. Much of this data is collected by a global team of analysts who work throughout the year on the estimates. This information is shared with subscribers to Kantar Retail’s online platform for retail performance data, www.kantarretailIQ.com.