John Furner President and CEO | Official website
The National Retail Federation (NRF) has released its annual list of the Top 100 Retailers for 2024, compiled by Kantar, a global marketing data and consultancy firm. The list ranks the largest companies in the retail industry based on domestic sales.
“This year’s list of the Top 100 Retailers largely reflects a post-pandemic return to normal,” NRF Executive Director of Research Mark Mathews stated. “As consumer spending continues to moderate, retailers are prioritizing convenience and value for their customers.”
Walmart retained its top position with $635.02 billion in U.S. retail sales in 2023. Amazon.com followed with $359.93 billion, while Costco Wholesale, The Kroger Co., and The Home Depot reported $234.20 billion, $149.61 billion, and $150.73 billion respectively. Within the top ten rankings, only minimal changes were observed: Target moved from No. 6 to No. 7, and CVS Health Corporation moved from No. 7 to No. 6.
“Similar to last year, there was modest change within the top 100 retailers, particularly within the top 20,” noted David Marcotte, Kantar's Senior Vice President of Global Insights and Technology. “These companies are substantial and have the existing capital and credit to maintain their position with ease.”
A significant rise was noted for Harbor Freight Tools, which climbed from No. 80 to No. 62 due to an 8.5% increase in store count totaling 1,410 stores – marking it as the fastest-growing retailer on the list. Dollar General also saw notable growth with a store increase of 5.5%, placing it at No.17.
The rankings are based on annual retail sales over the past 52/53 weeks; nearly all sales figures pertain exclusively to U.S.-based retail activity.
For further insights into these rankings and additional lists such as NRF’s Top 50 Global Retailers and Hot 25 Retailers lists for previous years, visit NRF’s website.
About NRF:
The National Retail Federation advocates for people, brands, policies, and ideas that support retail success from its headquarters in Washington D.C., empowering an industry that significantly contributes to the economy by supporting over one in four U.S jobs.
About Kantar:
Kantar is a leading marketing data insight and consultancy company working globally across various industries to help brands discover growth opportunities.
