(PRESS RELEASE) WASHINGTON — The National Retail Federation today released its annual list of the Top 50 Global Retailers, conducted by Kantar. The 2023 Top 50 Global Retailers ranks the most impactful retailers worldwide based on their operations at the beginning of 2022.
Walmart maintains its position as the world’s largest retailer, with strong growth in fewer markets, along with success from its new online marketplace and fulfillment model. Other companies from last year still leading the way in their same top spots are Amazon.com in second, followed by Schwarz Group, Aldi, Costco, Ahold Delhaize and Carrefour.
Companies that shifted spots from 2022 include Seven & I (No. 9 to No. 8), The Home Depot (No. 10 to No. 9) and IKEA (No. 8 to No. 10).
“Retailers faced another year of unusual markets and disruptions due to the pandemic,” Kantar Senior Vice President of Global Insights and Technology David Marcotte said. “Overall, retail sales and profits grew as companies solved for challenges in logistics, inventory and labor to meet the evolving needs of their customers.”
Kantar’s ranking system gives points to retailers according to their domestic and international retail revenues. To qualify for the ranking, retailers must have a direct investment in at least three countries. See more on the methodology, explore the complete Top 50 Global Retailers list and access insights from Kantar on how retail’s top companies are innovating here.
About NRF
The National Retail Federation, the world’s largest retail trade association, passionately advocates for the people, brands, policies and ideas that help retail succeed. From its headquarters in Washington, D.C., NRF empowers the industry that powers the economy. Retail is the nation’s largest private-sector employer, contributing $3.9 trillion to annual GDP and supporting one in four U.S. jobs – 52 million working Americans. For over a century, NRF has been a voice for every retailer and every retail job, educating, inspiring and communicating the powerful impact retail has on local communities and global economies. nrf.com
About Kantar
Kantar is the world’s leading marketing data, insight and consultancy company. We know more about how people live, feel, shop, vote, watch and post worldwide than any other company. Working across the entire sales and marketing lifecycle, we help brands uncover growth in an extraordinary world. Kantar’s services are employed by over half of the Fortune 500 companies in 100 countries.