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FEBRUARY 24, 2022
Top 5 Biggest Retail Companies In The World
These are the top 5 biggest retail companies in the world which sell goods to consumers worldwide with billion dollars revenue.
A retail company is a company that sells consumer goods or services to customers through various distribution channels for profit. The retailer fulfills the identified demand through the supply chain. They typically fulfill small orders from many individuals, who are end users, rather than bulk orders from a small number of wholesale, corporate or government customers.
Traditionally, retail companies have sold their products and services through physical stores, either through department stores, warehouses, convenience stores, supermarkets or other types of outlets. But more and more retailers are selling goods online through websites, internet marketplaces and mobile apps.
The retail industry here is defined as an industry that sells products and services that have been added value to meet the needs of individuals, families, groups, or end users. Most of the products sold are the fulfillment of household needs, including nine basic commodities.
The majority of the world’s largest retail companies come from America and Europe. Most of these companies have thousands of well-connected retail stores around the world with very large customer bases. There are many online retailers around the world but only a few have strong and regular customers.
Here are the top 5 biggest retail companies, as reported by The Daily Record :
- Walmart
Walmart is the largest retail company in the world originating from America. The company’s stores in the United States and Canada were named Walmart, while stores in Mexico and Central America were named Walmart de Mexico y Centroamerica. Furthermore, in the UK called Asa, Seiyu Group in Japan, and Best Price in India.
This largest retail company was founded on July 2, 1962 by Sam Walton, and is headquartered in Bentonville, Arkansas, USA. Walmart has more than 11,690 stores worldwide. Currently, Greg Penner is the chairman of the company and Doug McMillon is the CEO of the company. The company’s revenue is estimated at USD 485.87 billion and is the largest private company employing about 2.3 million people worldwide.
- Costco
This second largest retail company was founded on July 12, 1976 by James Sinegal and Jeffrey Brotman. Currently the company has more than 720 stores and employs around 126,000 people. Its head office is in Issaquah, Washington, United States.
The Company’s current CEOs are W. Craig Jelinek and its Chairman Hamilton E. James. In 2016, the company’s revenue reached USD 118.7 billion. Kirkland Sinature is a brand operating under Costo.
- The Kroger Company
The Kroger Company, also known as Kroger, is a retail company originating from the United States. The company was founded in 1883 by Bernard Kroger and is the largest supermarket chain in the United States in terms of revenue.
The company is headquartered in Cincinnati, Ohio, United States and has more than 2,777 locations as of 2015. The company’s current CEO is Rodney McMullen and its revenue in 2016 was $115.3 billion.
- Schwarz Gruppe
The fourth largest German retail company in the world, is owned and operated by a private family. Schwarz Gruppe is headquartered in Neckarsulm, Germany. The company operates under the Dieter Schwarz Foundation and has more than 10,000 branches in 26 countries as of 2015.
The current CEO is Klaus Gehrig. The company’s revenue in 2015 was around USD 95 billion and is known for its brands Lidl and Kaufland.
- Walgreens
The Walgreens is the fifth largest pharmaceutical retail company worldwide, founded in Chicago in 1901 by Charles Rudolph Walgreen. The company is headquartered at 200 Wilmot Road, Deerfield, Illinois, United States. As of 2016, the company has more than 8,175 stores and is headquartered in the United States.
The company’s current president is Alex Gourlay and its CEO is Stefano Pressina. The company’s revenue in 2015 is estimated to reach USD89.631 billion.
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