In the ever-evolving landscape of global retail, supermarket chains are pivotal to the global economy. These retail giants not only dominate food and beverage sales but also have a significant presence in other sectors such as health, beauty, electronics, and home improvement. The top supermarket chains by turnover represent a wide variety of business models, from traditional brick-and-mortar stores to e-commerce giants that also venture into the grocery market. This report provides a detailed overview of the top 10 largest supermarket chains globally by turnover as of 2024.
1. Walmart: $611.3 Billion
Walmart continues to reign as the largest supermarket chain by turnover in the world, with a staggering $611.3 billion in revenue for 2023. The retailer’s global footprint, especially its dominance in the United States, plays a key role in its position. Walmart’s strategy of low prices, extensive product selection, and a massive supply chain network has kept it at the forefront of global retail. The company operates across various sectors, including groceries, electronics, home goods, and more, making it a comprehensive retailer.
2. Costco: $230.5 Billion
Costco ranks second, with a total turnover of $230.5 billion. Known for its bulk-buying and membership-based model, Costco has cultivated a loyal customer base. Its business strategy emphasizes high-quality products at competitive prices, and its focus on private-label brands helps drive its turnover. Costco’s international presence continues to grow, with numerous locations across North America, Europe, and Asia.
3. Kroger: $150.0 Billion
The Kroger Company, based in the United States, ranks third globally with a turnover of $150.0 billion. Kroger operates over 2,700 stores across various formats, including supermarkets, department stores, and convenience stores. Its broad range of private-label offerings, focus on customer loyalty, and strategic acquisitions have helped sustain its position as a leading retailer in the U.S.
4. Schwarz Group (Lidl and Kaufland): $160.5 Billion
Schwarz Group, the parent company of Lidl and Kaufland, reaches $160.5 billion in turnover. As one of the world’s largest discount retailers, Lidl has become a major player across Europe and in parts of the U.S. Kaufland operates mainly in Central and Eastern Europe. Schwarz Group’s focus on cost-effective pricing and expanding into new markets has contributed to its continued success.
5. Aldi: $120.0 Billion
Aldi, with its budget-friendly, no-frills business model, has achieved a turnover of $120.0 billion. Operating over 10,000 stores in multiple countries, including Europe, the U.S., and Australia, Aldi’s simple store layouts and focus on private-label products have propelled its growth. The retailer’s ability to consistently offer lower prices has made it a strong competitor to traditional supermarkets.
6. The Home Depot: $157.4 Billion
Although primarily known for home improvement products, The Home Depot also generates significant revenue from its grocery and consumables departments. With $157.4 billion in total revenue, the company has made substantial investments in expanding its product offerings, including groceries. Its focus on both physical stores and online sales has helped it maintain growth across various sectors.
7. Target: $107.4 Billion
Target, another U.S.-based retailer, rounds out the top 10 with a turnover of $107.4 billion. While it is not primarily a supermarket, its grocery department has grown to become an increasingly important part of its business. Target’s ability to merge grocery offerings with fashion, electronics, and home goods has helped it remain competitive in the retail space.
8. CVS Health: $322.5 Billion
CVS Health, primarily a health services provider, is also a major player in the retail space, with significant grocery sales through its pharmacy stores. With a total revenue of $322.5 billion, CVS operates a network of stores offering a wide range of groceries, health products, and personal care items. Its strategy of combining health and retail services has proven successful in attracting a diverse customer base.
9. Carrefour: $100.0 Billion
Carrefour, one of the largest supermarket chains in Europe, generates a turnover of $100.0 billion. The French retailer operates in over 30 countries and is a leader in the European market. Carrefour has focused on omnichannel growth, with a strong emphasis on e-commerce and enhancing its in-store experience. Its ability to adapt to different markets has played a key role in its continued success.
10. Amazon: $514 Billion
While Amazon is primarily an e-commerce giant, it has established a growing presence in the grocery sector through its acquisition of Whole Foods and expansion of Amazon Fresh. With a total turnover of $514 billion, Amazon is positioned as a formidable competitor to traditional supermarket chains. Its innovative approach to delivery, customer experience, and logistics has reshaped the grocery shopping experience.
Conclusion
In 2024, the global supermarket sector is marked by diversity and adaptability, with both traditional retailers and e-commerce giants vying for market share. Walmart leads the charge with its expansive global presence, while companies like Costco, Aldi, and Carrefour continue to maintain strong positions through efficient pricing and service models. Emerging players such as Amazon and CVS Health also highlight the growing influence of e-commerce and health services in shaping the supermarket landscape. As consumer preferences evolve, these retailers will likely continue to adapt, solidifying their roles in the global economy.
