Retailers are no strangers to challenges, particularly as we are now pushing into year three of conducting business amid a pandemic that proves to be a long and windy (and very bumpy) road. Once again, brands have proven resilient, turning these challenges into new opportunities to innovate and feed the constant, consuming fire that is volatile consumer demands.
For the fifth consecutive year, RIS has partnered with wRatings to rank the retail industry’s most powerful organizations. We’ve highlighted the top 100 companies that are claiming a giant slice of the retail market pie, looking at the percentage of market share and how it translates to overall sales and where these companies are investing these funds to stay ahead of the competition. Impressively, the Top 10 equate to $2.3 trillion in sales.
Here’s a comprehensive look at our top five, and keep reading for a full view of our ranking and our report methodology.
Rounding out the top 10 are JD.com, which claims a 3.27% share of the retail market, equating to $147 billion in sales, followed by Kroger ($138 billion), Walgreens Boots ($135 billion), Alibaba Group ($130 billion), and Target ($106 billion).
The Kroger Co. recently partnered with Bed Bath & Beyond to launch a multi-category omnichannel experience that will bridge the gap between grocery and household items and home decor and storage.
Target, meanwhile, is heavily focusing on sustainability, launching a program that will increase visibility for brands that are offering products and packaging designed to be refillable, reusable, or compostable, or are made from either recycled content or materials that reduce the use of plastic
Our rankings are based on data gathered from research partner Gary A. Williams, CEO of wRatings. The company examined more than 300 publicly traded global retailers and calculated their share of the retail market. For this ranking, the retail market is the sum of the revenue for all the retailers examined, valued at around $4.5 trillion.
The economic data is from a 12-month period ending on March 15, 2022. The research ranked retailers across the several segments: specialty, apparel, department store, grocery, building supply, cosmetics, and apparel.