While other lists rank retailers on total revenue, profit, or even share price, this annual list takes a different approach. The retailers that make our Top 100 are ranked on their piece of the total retail market.
Our rankings are based on data gathered from research partner Gary A. Williams, CEO of wRatings. The financial metrics of 180 publicly traded retailers were examined.
The economic data is from a trailing 12-month period ending on March 24, 2023. The percent of retail market share was calculated against a total retail market of around $3.6 trillion. The research ranked North American (including U.S., Canada, Bermuda, Virgin Islands) retailers across apparel, department store, grocery, furniture, beauty, building supply, convenience/fuel, e-commerce, hardlines, and softlines segments.
When comparing this year’s list to last year, we’ve implemented a few changes, which impacted overall rankings when comparing year-over-year. For this year’s rankings, we’ve pulled out all the retailers that were not North America-based. This move eliminated a total of five retailers from the 2023 list, including two which normally make the Top 10: JD.com and Alibaba Group. The five retailers eliminated included four from China and one from Japan because, while these companies all trade on a U.S.-based stock exchange, they don’t operate stores in the country. Additionally, we deleted the restaurant chains category. These changes did not impact the top five retailers on this year’s list, but the removal of JD.com and Alibaba Group left room for home improvement retailer Lowe’s and convenience retailer Alimentation Couche-Tard to step up to the limelight, notching the No. 9 and No. 10 spots of the top 10 retailers. Click here for the full “Top 100 Retailers in 2023” list.