In 1962, Sam Walton founded Walmart, a single discount store with the motive of selling more for less. The rest is history.
Today, Walmart is the largest corporation worldwide, operating more than 11,3000 hypermarkets, discount, and grocery stores in 27 countries and under 55 different names. The company has 2.2 million employees, with 1.5 million employees engaged only in the United States of America.
The company has various operating divisions – Walmart US, Walmart International, Sam’s Club, and Global eCommerce. All of these offer several retail formats. According to a report, in 2021, Walmart generated $559.2 billion in revenue. It is famous for its everyday low pricing. The whopping figure and popularity of Walmart give a tough competition to its competitors worldwide.
List of Walmart Competitors
The retail world is full of brands and companies that offer their services throughout the world. Some of them have emerged to give a big competition to the giant. Know the top ten competitors of Walmart in the list below.
Amazon was founded by Jeff Bezos in 1994. In no time, it has become the largest e-commerce retailer worldwide. The headquarters of the company are located in Seattle, Washington. According to a recent report, it has generated $232.887 billion in revenue in the past year.
Amazon has several business segments – digital stream, online retail business, Amazon web services, etc. The company is looking for success in offline retailing as well.
Like Amazon, Walgreens, too, is a constant threat to Walmart. The company started in 1901 as a drug store. It later merged with Alliance Boots in 2014 and became Walgreens Boots Alliance. Walgreen holds one of the largest pharmacy store chains and operates 9560 stores in the US.
The company has generated total revenue of $131.5 billion with an exponential growth of 11.3 percent in recent years. Walgreens is committed to providing better healthcare and retail experience to its customers.
The Home Depot
Home Depot Inc. is well-known for home improvement products. It also sells gardening equipment, hardware, plants, construction products, and services. It is touted as the largest home improvement store worldwide and remains a big competitor for Walmart.
The company generated total revenue of $108.2 billion with a net income of $11 billion. In recent years, its sales have grown by 26.2 percent. This company is believed to be having a bright future.
IKEA has become a common household name and a strong competitor to Walmart and Amazon. The company designs and sells functional and ready-to-assemble furniture, home products, and kitchen appliances. IKEA is about aesthetics, minimalism, and modernism.
Launched in 1943 by Ingvar Kamprad, this German company has a total revenue of $40.32 billion. It has become a popular name in the furniture market throughout the world. The company has 423 stores operating across 52 countries.
Albertsons is a sought-after grocery chain that competes with big daddies like Walmart and offers low prices to its consumers on various foods and household items. This store operates in more than 2,200 Albertsons locations in the US alone.
At present, Albertsons has successfully generated a revenue of more than $69 billion, and it continues to multiply profits by offering remarkable services to its consumers.
This supermarket chain is very much comparable to Walmart in terms of the prices it offers. You can shop for many food items here, including fresh and frozen foods. Giant Eagle operates its services in more than 474 locations in the select states of Maryland, Ohio, Pennsylvania, and West Virginia.
According to a current survey, the total revenue earned by the company reached a whopping $9.7 billion, making it one of the toughest competitors to Walmart.
Everyone knows eBay. This multinational e-commerce company has American origins and was launched to make online shopping easy and hassle-free for one and all. eBay was also launched to sell and buy many services like appliances, electronics, vehicles, etc.
Founded in 1995, the company has become one of the most successful names in the retail market. By the end of 2002, it has also acquired PayPal, Skype, StubHub, and others. The total revenue of the company is estimated at $10.746 billion.
Tesco is one of the most celebrated names in the retail world. It has been operating its services since 1919 and continues doing so. This British grocery and merchandise retailer is based in England and has an employee network of 450,000, with 6,800 shops operating worldwide.
The annual revenue of the company has been reported at $80.8 billion, a reason enough for Walmart to worry. Besides Europe, Tesco also operates its services in India, China, Thailand, and Malaysia.
Kroger Co. is a multinational company and one of the oldest retail names to ever exist. It was founded in 1883. It is one of the largest retailers worldwide by revenue and the largest grocery store in the US. Kroger has more than 2764 retail stores, ranging from digital shopping options to supermarkets and multi-department stores.
The store reported revenue of an impressive figure of $121 billion with higher profit margins. The net profit of the company ranges from $3.11 billion. According to a current survey, every third American purchase from Kroger.
Carrefour is one of the biggest French retailers founded in 1958. The brand marks its global presence and operates its services all over Europe, Asia, America, and Africa, serving millions of happy customers. There are hypermarkets, supercenters, cash and carry, discount stores, warehouse clubs, and whatnot.
The company has employed 3,7,000 employees and operates 12,300 stores and e-commerce websites in 30 countries and regions. In 2018, Carrefour generated 77.91 GBP with solid growth of 1.4 percent. At present, Carrefour has a revenue of $70.7 billion.
The retail market is full of high profits and revenues. It is also full of opportunities for those with the vision of setting up their own retail company. As the quality of life of people is improving worldwide, the demand for their products and services remains high.
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