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

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. Not only that, but Walmart also grew its store footprint across the country. In 2021, it had 5,326 stores across the country. This number increased to 5,330 in 2022, a 0.1% rise.

The top US retailer’s US share of its sales worldwide fell marginally by one percentage point, from 83% in 2021, to 84% in 2022.

Walmart is expected to see even stronger growth in 2023. Already, recent fiscal data shows the top US retailer generated $152.3 billion in revenue in the first quarter of 2023, a 7.6% annual increase. Most of this revenue growth came from the US market, where net sales grew 7.2% from $96.9 billion a year ago, to $103.9 billion.

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Second on the list of the largest retailers in the US is Amazon. With $232.5 billion in US sales in 2022, this was a 6.7% annual increase—slightly slower than the top US retailer’s growth. Unlike Walmart, Amazon was able to grow its share of US sales, from 66% in 2021, to 68% in 2022.

After Amazon, the third-biggest retailer in the US is Costco Wholesale. The company’s US sales surged 16.9% year-over-year to $164.2 billion in 2022—the biggest increase out of the 10 largest retailers in the US by a significant margin. In fourth place is The Kroger Co., whose sales grew 7.5% to $147.6 billion in 2022.

The Home Depot completes the list of the five biggest retailers in the US. The Atlanta-based company’s US retail sales grew 4.3% to $145.9 billion in 2022.

Here are the remaining five largest retailers in the US and their 2022 retail sales figures.

6. Target: $107.6 billion
7. CVS Health Corporation: $106.2 billion
8. Walgreens Boots Alliance: $103.9 billion
9. Lowe’s Companies: $89.3 billion
10. Albertsons Companies: $76.2 billion

Of the 10 biggest retailers in the US, the only one whose sales fell year-over-year is Walgreens Boots Alliance. The Rhode Island-headquartered company saw total sales fall by 2.7% in 2022.

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As a seasoned retail industry expert with a keen understanding of market dynamics and a proven track record of analyzing and interpreting data, I can provide valuable insights into the latest trends in the US retail landscape, particularly focusing on the information presented in the provided article.

The data from the National Retail Federation (NRF) serves as a comprehensive snapshot of the US retail market in 2022, shedding light on the performance of the top retailers. Walmart emerges as the undisputed leader, boasting a remarkable $499.7 billion in retail sales, signaling a robust 7.8% year-over-year increase. This growth is not only attributed to increased sales but also to an expansion in the company's store footprint, reaching 5,330 stores across the country by the end of 2022.

Crucially, Walmart's global sales share sees a marginal shift, decreasing by one percentage point from 83% in 2021 to 84% in 2022. Despite this, the retail giant is poised for even stronger growth in 2023, evident in the impressive $152.3 billion revenue generated in the first quarter, reflecting a 7.6% annual increase. The majority of this revenue surge stems from the US market, where net sales grew by 7.2%, reaching $103.9 billion.

Amazon secures the second position among the largest retailers in the US, with $232.5 billion in sales in 2022, marking a 6.7% annual increase. Notably, Amazon manages to expand its share of US sales, moving from 66% in 2021 to 68% in 2022.

Costco Wholesale claims the third spot, experiencing the most significant surge among the top 10 retailers, with a 16.9% year-over-year increase in US sales, reaching $164.2 billion in 2022. The Kroger Co. follows in fourth place, with a 7.5% growth in sales to $147.6 billion, while The Home Depot rounds up the top five, achieving a 4.3% growth in US retail sales, totaling $145.9 billion in 2022.

The remaining five largest retailers in the US, namely Target, CVS Health Corporation, Walgreens Boots Alliance, Lowe's Companies, and Albertsons Companies, also contribute significantly to the retail landscape, with their respective sales figures provided in the article.

Notably, Walgreens Boots Alliance is the only among the top 10 retailers experiencing a year-over-year decline, with total sales falling by 2.7% in 2022.

In conclusion, this data-rich analysis underscores the dynamic nature of the US retail sector, with Walmart continuing to dominate, Amazon strengthening its position, and other key players experiencing varying degrees of growth or contraction. As the retail landscape evolves, staying informed about these trends is crucial for industry stakeholders and investors alike.