NRF Announces 2026 Top 50 Global Retailers

(PRESS RELEASE) WASHINGTON – The National Retail Federation today announced the 2026 Top 50 Global Retailers. Conducted by Kantar, the list ranks the leading international retailers based on their retail revenues throughout 2025. As the largest global retailers continue to expand outside of retail revenues, this list focuses only on retail-specific revenues and not overall organizational revenue.

“The retail industry continues to show its strength, delivering a solid year despite a range of ongoing challenges,” NRF Chief Economist and Executive Director of Research Mark Mathews said. “The retailers on this year’s list have demonstrated impressive growth and an understanding of evolving consumer needs, highlighting the industry’s continued resilience.”

Walmart maintains its position as the world’s largest retailer, driven by its continued investments internationally and across its digital services, which indirectly support the growth of its retail business.

Amazon, Schwarz Group, Aldi, Costco, Ahold Delhaize and Carrefour followed, all maintaining the same positions as last year. IKEA and The Home Depot each rose one spot to the eighth and ninth place respectively, while Walgreens rounded out the top 10. Seven & I, which ranked seventh last year, fell out of the top 10 following its sale of its department store holdings in Japan.

“The list reflects a year that started quietly but quickly grew more challenging due to U.S. policy shifts and rapidly changing tariffs on almost all goods,” Kantar Senior Vice President of Global Insights and Technology David Marcotte said. “Volatility in key commodity costs, product availability and trade patterns forced global manufacturers and retailers to make quick strategic pivots.”

Kantar’s ranking system awards points to retailers based on their domestic and international retail revenues. To qualify for the ranking, retailers need to have a direct investment in at least three countries.

See more on the methodology, explore the complete 2026 Top 50 Global Retailers list and learn more from Kantar on the NRF blog about how this year’s top companies are navigating the retail landscape.

About NRF

The National Retail Federation 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 $5.3 trillion to annual GDP and supporting more than one in four U.S. jobs — 55 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 and analytics business and an indispensable brand partner to the world’s top companies. We combine the most meaningful attitudinal and behavioral data with deep expertise and advanced analytics to uncover how people think and act. We help clients understand what has happened and why and how to shape the marketing strategies that shape their future.