Largest Retailers in the US [Updated Aug 2023] | Oberlo (2024)

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Largest Retailers in the US [Updated Aug 2023] | Oberlo? ›

The latest data from the National Retail Federation shows that Walmart continues to lead as the top US retailer.

US Retail Sales is at a current level of 615.86B, up from 611.17B last month and up from 594.21B one year ago. This is a change of 0.77% from last month and 3.64% from one year ago.

By the end of 2023, total retail sales reached approximately 7.24 trillion U.S. dollars, around one and half a billion U.S. dollar increase from the year before.

Walmart continues to dominate as the largest retailer in America, experiencing steady growth in retail sales and an increased share of global sales.

The latest data from the National Retail Federation shows that Walmart continues to lead as the top US retailer. In 2022, the company brought in retail sales of $499.7 billion in the US—a 7.8% year-over-year increase.

Mexican grocer Chedraui, Raley's Supermarkets and Primark Stores have topped the National Retail Federation's 2023 Hot 25 Retailers list, which ranks the fastest-growing retail companies in the U.S.

Recent reports have shown that the global retail industry is actually growing, although steadily; this has been down to many global stores, downsizing to what they regard as "the right size" to fit their current operations.

Is retail down in 2024? ›

March 20 (Reuters) - U.S. retail sales are expected to rise as much as 3.5% this year, a slower pace than 2023, industry body National Retail Federation said on Wednesday, as sticky inflation dampens hopes of a strong recovery in consumer spending.

Retail Trade in the US market size (2024-2029) Industry revenue has grown at a CAGR of 3.2% over the past five years, to reach an estimated $7.6tr in 2024.

JAN. 29, 2024 — U.S. Retail sales (NAICS 44-45) increased 8.0% from $6,519.8 billion in 2021 to $7,041.0 billion in 2022, according to new estimates from the U.S. Census Bureau's 2022 Annual Retail Trade Survey (ARTS).

Hong-Kong-based online retailer Alibaba topped the rankings, posting a 153.1% CAGR in retail sales for FY2016-2021, growing by 42.7% in FY2021 alone on top of the strong 94.3% growth seen in the prior year.

Walmart is by far the world's biggest retailer and Costco is the third biggest. Both of the retailers strive to offer everyday low prices for customers. Both of the companies are operating on a similar profit margin level (2,4% vs 2,6%).

Today, Amazon is by far the largest e-commerce company in the world by revenue.

1. TJX Companies: At the helm of bargain retail, TJX Companies reigns supreme, comprising TJ Maxx, Marshalls, HomeGoods, and more across nine countries. Boasting an annual revenue of $48.55 billion, this conglomerate focuses on delivering budget-friendly department store goods to savvy shoppers globally.

Amazon is the largest online marketplace in the U.S. in terms of monthly organic traffic, followed by Apple, Etsy, Walmart, and eBay.

Walmart's Reign as America's Biggest Retailer Is Under Threat.