Washington – The National Retail Federation (NRF) has officially named 50 retailers to its 2025 Top 50 Global Retailers list.
Conducted by consulting and analytics firm Kantar, the 2025 list ranks international retailers based on their operational performance as of the beginning of 2024.
“The retail industry experienced continued growth in 2024 as consumer spending remained high despite numerous market uncertainties throughout the year,” said Mark Matthews, NRF executive director of research. “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 other companies in the list’s top 10 remain largely unchanged from 2024. Amazon continues as the second largest retailer globally, followed by Schwarz Group, Aldi, Costco Wholesale, Ahold Delhaize, Carrefour and Seven & I. Ikea and the Home Depot swapped spots, with Ikea overtaking the hardware retailer for the ninth spot, sending the Home Depot to the 10th slot. The complete top 10 list includes the following companies:
- Walmart
- Amazon.com
- Schwarz Group
- Aldi
- Costco
- Ahold Delhaize
- Carrefour
- Seven & I
- Ikea
- The Home Depot
“This year’s Top 50 Global Retailers list reflects a year in which most market uncertainties stabilized,” said David Marcotte, Kantar senior vice president of global insights and technology. “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.”
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. To learn more about the methodology, explore the complete 2024 Top 50 Global Retailers liston the NRF’s website.