Top 10 Biggest Walmart Competitors and Alternatives

What are some of the biggest Walmart competitors and alternatives in the world? Read on to find out.

Walmart is an American retail corporation that operates a chain of multinational hypermarkets. It is currently the world’s largest retailer chain. The company seeks to provide customers with more options at a lesser price than other retailer chains. Walmart is a very large company; it has over 10,500 stores and operates in 24 countries under 4 different names.

Walmart is currently the world’s largest company by revenue. The company has maintained its position since 2014. It was founded by Sam Walton in nearby Rogers, Arkansas in 1962 and is currently headquartered in Bentonville, Arkansas, U.S. So far, Walmart has had various competitors and alternatives all over the world, This article will highlight the top 10 biggest Walmart Competitors and Alternatives.

10. Carrefour Group

Carrefour Group is a French multinational wholesale and retail corporation that operates over 13,000 multi-format stores in 30 countries and employs over 320,00 people. As of 2020, Carrefour generated $95.85 billion in revenues and experienced a huge increase in online sales.

The brand has a worldwide presence with operations in continents such as Asia, Europe, Africa, and the Americas. It operates hypermarkets, supercenters, Cash & Carry, Warehouse Clubs, Discount stores, and supermarkets. Carrefour is headquartered in Billancourt, France.

9. eBay

eBay is an American multinational e-commerce company based in California. The company was founded by Pierre Omidyar in 1995 and has grown to become one of the biggest Walmart competitors in the world. The platform doubles as a marketplace and an auction site. Consumers and businesses alike can auction both new and used clothes, electronics, and other items.

As of 2020, eBay sellers grew by 8% globally. Buyers, on the other hand, grew by 7% to 187 million globally. Its revenue also surged by 42% in the first few months of 2021. eBay remains a threat to Walmart Marketplace.

8. Tesco PLC

Tesco PLC is a British grocery and merchandise retailer based in Hertfordshire, England, UK. The company has over 6,800 shops worldwide and 450,000 employees. Tesco operates in several other territories and countries like China, Thailand, Malaysia, and India.

Its annual revenue as of 2018 was reported to be $80.8 billion. In the UK, Tesco is the major competitor of Walmart.

7. CVS Health Corporation

CVS is the largest healthcare company in the United States of America. The company has 9,990 stores and 1,100 walk-in medical clinics in the States. CVS is a strong competitor against Walmart drugstores all over the U.S and the world at large.

The company serves over 90 million members and generates $91 billion in revenue. Despite being a smaller operator in pharmacy Walmart’s presence in the market still threatens CVS. As a recognized healthcare company in the US, CVS was chosen alongside Walmart to spearhead a vaccination drive nationwide. It however remains a top competitor for Walmart in the aspect of healthcare.

6. The Home Depot

The Home Depot is one of Walmart’s strongest competitors. The company is known for home improvement products, gardening equipment, construction products & services, and hardware. The company has over 400,000 employees and operates over 22,000 stores in the U.S, Mexico, and Canada. It also offers over 35,000 in-store products and 1 million online products.

Home Depot generated $108.2 billion in revenue and a net income of $11 billion. When compared to Walmart’s Net Income, Home Depot is ahead by about $5 billion.

5. Walgreens

Walgreens is one of the top pharmacy chain stores in the United States and the world at large. The company which was founded by Charles Rudolph Walgreen in 1901 operates over 9,500 stores in the U.S. In 2014 however, Walgreens merged with Alliance Boots to become Walgreens Boots Alliance, Inc. 

Walgreens is one of the world’s largest healthcare brands with a focus on pharmacy, front end, health care, and customer services. As of August 31, 2021, the company reportedly had 85 million active members and according to the organization, “approximately 78 percent of the U.S. population lives within five miles of a Walgreens, Duane Reade store”.

4. Kroger

The list of the top 10 biggest Walmart Competitors and Alternatives would definitely be incomplete without Kroger. Kroger is the largest grocery store in the United States. The multinational company was founded by Bernard Kroger in 1883 and has now become one of the world’s largest retail companies in revenue.

Kroger operates over 2,750 department stores in the U.S and employs up to 450,000 people. Kroger reports $121 billion in revenue and $3.11 billion in net profit.

3. Costco

Costco Wholesale Corporation is a multinational big-box retail store with a difference. Its major difference is its membership-only feature. In 2020, Costco was the world’s third-largest retailer and in 2016, the company was the world’s largest retailer of organic foods, rotisserie chicken, choice and prime beef, and wine.

Costco Wholesale Corporation was founded in 1976 by James Sinegal and Jeffrey Brotman. The company has 531 warehouses in the U.S, 100 in Canada, 39 in Mexico, 28 in the UK, 55 in Puerto Rico, South Korea, Japan, and Taiwan collectively. It also has more than 94 million cardholders and memberships all over the world.

Costco earned $141.6 billion in revenue and $3.13 billion in net income.

2. Target

Target definitely features on the list of the top 10 biggest Walmart competitors and alternatives in the world. It is one of the biggest global discount retailers. Target operates over 1,867 stores across North America alone. It is both an online and offline competitor to Walmart.

Most of the company’s income (about 24%) is gotten from beauty care products while the others come from apparel, food & beverage, and home furniture. As of 2020, the company experienced a 20% revenue growth, way more than Walmart’s 9% at the time.

1. Amazon

Amazon is the biggest Walmart competitor and alternative. It is equally the largest e-commerce retailer company in the world. It was founded by Jeff Bezos in 1994. Although it was founded over 3 decades after, Amazon remains one of the biggest Walmart Competitors in the world today.

The American-based company has various business sections including web service, cloud computing, digital streaming, and many more. If you’re looking for a company that dominates the E-commerce market in the United States, Amazon is the answer.

The company reportedly has $232.887 billion in revenue and a net income of $10.073 billion. Many believe that Amazon is the reason why Walmart redesigned its e-commerce strategy.

Top 10 Walmart Competitors and Alternatives (Summary)

Here’s a full list of the top 10 Walmart Competitors and Alternatives as highlighted in this article.

1. Amazon
2. Target
3. Costco
4. Kroger
5. Walgreens
6. The Home Depot
7. CVS Health Corporation
8. Tesco PLC
9. eBay
10. Carrefour Group