Top 50 Global Retailers 2021

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The NRF Top 50 Global Retailers is a fresh look at the 50 most impactful international retailers based on their operations at the start of 2020. The rankings are not based simply on sales; rather, 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 their domestic market. Explore the complete list below, or take a closer look at the rundown.

 Ranking Retailer Home country Business foundations Ranking points International revenues (billions) Total company revenues (billions) International (# stores) Total worldwide inc. domestic (# stores) Countries of first-party operation Expand all
1 Walmart USA Mass/Hyper 418,331 $120.13 $519.93 6,146 10,902 27
2 Amazon.com USA Ecommerce 288,187 $74.72 $280.52 7 571 18
3 Schwarz Group Germany Discount Grocery 194,390 $84.96 $133.89 8,524 12,500 33
4 Aldi Germany Discount Grocery 185,358 $84.89 $116.06 8,609 12,696 18
5 Alibaba China Ecommerce 164,903 $23.24 $71.99 22 669 7
6 Costco USA Club 147,202 $43.73 $163.22 243 795 12
7 Ahold Delhaize Netherlands Grocery 130,918 $60.70 $78.17 4,811 6,967 10
8 Carrefour France Mass/Hyper 109,201 $42.94 $82.60 6,905 12,329 32
9 Ikea Netherlands Furniture 88,594 $44.00 $45.18 424 445 60
10 JD.com China Ecommerce 86,934 $8.70 $82.86 - -
11 Walgreens Boots Alliance USA Drug 73,859 $10.00 $117.71 4,428 13,449 16
12 Auchan France Mass/Hyper 73,438 $31.53 $51.27 1,768 2,293 12
13 Seven & I Holdings Japan Convenience 72,956 $25.05 $60.95 49,219 70,174 3
14 Spar International Austria Grocery 70,988 $33.48 $41.53 11,614 13,320 16
15 The Home Depot USA DIY 68,451 $8.89 $110.23 307 2,291 6
16 Rewe Group Germany Grocery 68,338 $20.49 $70.22 5,148 15,828 10
17 Tesco United Kingdom Mass/Hyper 59,669 $14.83 $73.25 3,187 7,005 8
18 Inditex Spain Fashion 56,948 $27.21 $32.27 5,889 7,469 202
19 Intermarché France Grocery 50,283 $15.75 $52.83 776 3,969 4
20 Aeon Japan Mass/Hyper 50,085 $7.08 $78.92 4,525 21,829 11
21 Metro AG Germany Mass/Hyper 49,995 $23.43 $28.69 575 678 24
22 Casino France Grocery 48,598 $18.66 $39.53 3,226 11,172 10
23 H&M Sweden Fashion 47,780 $23.65 $24.60 4,899 5,076 69
24 Lowe's USA DIY 41,368 $4.79 $68.38 249 1,977 2
25 A.S. Watson Hong Kong SAR Drug 38,015 $18.18 $21.49 15,167 15,794 25
26 Jerónimo Martins Portugal Discount Grocery 36,022 $16.93 $21.27 3,891 4,374 3
27 TJX USA Discount Fashion 35,403 $9.70 $41.72 1,239 4,483 10
28 Adeo Group France DIY 34,920 $15.38 $23.71 345 1,039 13
29 Naspers South Africa Ecommerce 33,158 $13.06 $22.14 - - 41
30 Leclerc * France Mass/Hyper 31,589 $2.88 $56.87 83 804 7
31 Yum Brands + Yum China USA QSR 30,209 $12.00 $14.43 32,994 50,353 155
32 Ceconomy Germany Electronics 29,544 $11.77 $23.77 598 1,023 14
33 McDonald's USA QSR 29,508 $12.65 $21.08 24,849 38,695 120
34 Best Buy USA Electronics 27,105 $3.52 $43.64 222 1,231 4
35 Couche-Tard Canada Convenience 25,878 $12.36 $14.67 12,340 14,471 26
36 FamilyMart UNY Japan Convenience 24,660 $6.53 $27.20 7,952 24,563 9
37 Rakuten Japan Ecommerce 24,094 $0.58 $11.59 - - 1
38 eBay USA Ecommerce 23,036 $6.46 $10.80 - - -
39 Decathlon France Sports 22,649 $10.38 $14.15 1,323 1,647 57
40 Starbucks USA QSR 22,273 $6.64 $23.52 17,323 32,660 75
41 Kingfisher United Kingdom DIY 22,098 $9.60 $15.38 385 1,367 9
42 Fast Retailing Japan Fashion 21,541 $8.22 $18.42 1,379 2,617 21
43 Dairy Farm Hong Kong SAR Drug 19,362 $8.08 $11.19 7,257 10,533 11
44 Cencosud Chile Mass/Hyper 16,980 $6.91 $13.22 752 1,108 5
45 Gap USA Fashion 12,669 $2.99 $16.38 1,134 3,919 43
46 ICA Group Sweden Grocery 11,713 $3.61 $12.61 277 2,084 4
47 Lotte Shopping South Korea Ecommerce 10,392 $1.89 $15.12 125 1,556 4
48 Z Holdings (Yahoo Jp) Japan Ecommerce 8,001 $0.48 $9.66 - - 1
49 Euronics International * Netherlands Electronics 6,816 $2.11 $2.65 8,495 8,820 36
50 Lawson Japan Convenience 5,559 $0.52 $6.70 2,918 17,516 5

Methodology

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 2020.

First, the company needed to be a retailer, defined as either a goods-for-consumer resale operation or a restaurant business open to the public. Second, 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. Third, 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. Currencies were converted using the International Monetary Fund rates database. Generally speaking, reviewed annual filings were published between March and September 2020.

The second point of review was company franchise sales, where other retailers had been granted the right to run the franchise. Where the franchise sales value was reported, often called total systemwide sales, we took this figure and applied the same currency exchange rate methodology as in the first review. When the systemwide 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 volume (GMV); 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 report 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’s online platform for retail performance data, kriq.kantarretailiq.com.