NRF Unveils Top 50 Global Retailers

Walmart (Bentonville, Ark.) again sits in the #1 slot on the National Retail Federation’s latest roster of the Top 50 Global Retailers. Based mainly on revenue data from 2024 compiled by data analytics firm Kantar, the latest list is also unchanged from a year earlier from its 2nd through 10th places.

“The retail industry experienced continued growth in 2024 as consumer spending remained high despite numerous market uncertainties throughout the year,” NRF Executive Director of Research Mark Mathews said. “This year’s Top 50 Global Retailers is comprised of a diverse list of companies that resonate with consumers across the globe.”

Walmart retained its spot as the largest retailer globally, in large part for significant commitments to a new online marketplace and fulfillment model, the NRF notes. The other companies in the Top 10 remain unchanged from 2023, with Amazon continuing as the second largest retailer globally, followed by Schwarz Group, Aldi, Costco Wholesale, Ahold Delhaize, Carrefour, Seven & I, IKEA and The Home Depot.

“This year’s Top 50 Global Retailers list reflects a year in which most market uncertainties stabilized,” said Kantar SVP of Global Insights and Technology David Marcotte. “Throughout the year, global retailers engaged in mergers, acquisitions and infrastructure investments. Around the world, ecommerce sales slowed as more shoppers returned to stores and shopping centers. Supply chain costs moderated, and wages continued to rise in most countries.”

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