In a GlobalData report of the top 25 global retailers as ranked by 2021 revenue, Walmart and Costco ranked in the top 5 with revenues of $572 billion and $195.9 billion, respectively.
“All 25 of the retailers we tracked implemented measures to expand their business operations during the COVID-19 period,” said Divya Vootkuru, business fundamentals analyst at GlobalData, in a statement. The report also noted that improving ecommerce options helped retailers worldwide adapt to COVID-19 challenges.
Other U.S. food companies included on the list are Kroger with a revenue of $137.9 billion, Target with $106 billion, and Albertsons with $71.9 billion. Internationally, food retailers in Canada, France, and the U.K. hit top revenue, notably: Carrefour, Tesco, Alimentation Couche-Tard, Sainsbury, and Loblaw. Ahold Delhaize, the Netherlands-based retail company with domestic brands like FreshDirect, Hannaford, and Stop & Shop, made it onto the list.
“Other big gainers were Walmart, Walgreens, Target, Ahold Delhaize, Tesco, Sainsbury’s, Nike, Albertsons, and AEON, which all reported more than 50% growth in their operating profits,” said Vootkuru. “In terms of profitability, 70% of the top 25 retail companies reported positive YoY growth, with three companies (Nike, Sainsbury’s and Walgreens) recording more than 100% growth.” Full Report
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