List of top 5 retailers in the United States by revenue in 24 years: Walmart and Amazon lead the way!

It is learned that on December 30, according to foreign media reports, according to the latest rankings of the National Retail Federation (NRF) and Kantar, retailers such as Amazon, Walmart, Costco, etc. will become the top US retailers in terms of revenue in 2024 through online and offline integration strategies.

In 2024, the retail industry is deeply affected by economic pressures, changes in consumer behavior, and the accelerated development of e-commerce. Consumers are more cautious due to inflation and economic uncertainty. Although some well-known chains have exited the market due to bankruptcy, other retailers have succeeded by flexibly adjusting their strategies. Here are the top US retailers in 2024 ranked by revenue and their key events:

5. Walgreens

Total revenue in 2024: $117.77 billion

Walgreens faces many challenges in 2024. In October, the retailer announced plans to close 1,200 stores to cut $3 billion in quarterly losses, becoming one of the retailers with the most store closures this year. At the same time, it was reported that it was in talks with private equity firm Sycamore Partners about a potential sale of its business.

4. Home Depot

Total revenue in 2024: $151.57 billion

Home Depot has taken a number of measures in 2024 to address the impact of high interest rates on consumer demand for home improvement. In August this year, Home Depot revealed that high interest rates forced some consumers to put their renovation projects on hold. In October, Home Depot required employees to work in stores for 8 hours per quarter to strengthen front-line operational experience and reflect their adaptability in economic adversity.

3. Costco

Total revenue in 2024: $234.02 billion

Costco has attracted a large number of loyal customers with its unique membership model and "treasure hunt" shopping experience. As major retailers cancel programs, the retailer is still working to maintain its diversity, equity and inclusion (DEI) program. A conservative think tank urged it to abolish the policies, saying they would bring discrimination and financial risks. Meanwhile, in December, the U.S. Food and Drug Administration (FDA) issued the highest risk level warning for organic eggs sold by Costco. In November, Costco recalled 80,000 pounds of its own brand butter due to insufficient allergy declarations.

2. Amazon

Total revenue in 2024: $355.11 billion

Amazon continues to consolidate its leadership in the online retail market with fast delivery and a wide selection of goods. But in December, employees at seven Amazon facilities went on strike before the busy holiday shopping season. The strike ended on December 24, with Amazon union employees promising that they would continue to fight for their rights. In the same month, Amazon postponed its plan to return employees to work five days a week due to a lack of office space. Despite internal challenges, Amazon still performed strongly during the holiday shopping season.

1. Walmart

Total revenue in 2024: $628.56 billion

Walmart continues to lead the industry with its wide range of products that meet the needs of consumers at all income levels. In December, the United States sued Walmart for illegally charging delivery drivers $10 million. In the same month, Walmart introduced an employee body camera program to prevent theft, demonstrating its emphasis on operational safety.

Author ✎ Rayna/

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