Walmart is the world’s biggest company in terms of revenue, with $548.743 billion in 2020. So, obviously, Walmart is extremely successful. But, do you know what companies are Walmart’s competitors?
Well, I’ve compiled a list of the top 23 Walmart competitors that can battle Walmart in the retail market and offer savings and affordable products, so keep reading to learn more!
Key Takeaways
Walmart Competitors In 2022
Kroger, Costco, Target, IKEA, Home Depot, and Amazon are the main Walmart competitors as of 2022. Also, there are competitors in the international market, such as Reliance Retail and JD.com, which offer incredibly low prices and a wide variety of household goods and grocery items. Walmart makes annually the most money, but some of the competitors come close.
Are you wondering what other stores are considered competitors to Walmart and whether Walmart competitors are outside the United States? Read below to find out!
1. Kroger
Kroger is one of the biggest Walmart competitors, with over 3,000 nationwide locations. Like Walmart, the company sells grocery items and has a pharmacy located in almost every store.
Additionally, Kroger sells furniture, outdoor decor, as well as household items, toys, games, and fuel, all at affordable prices, plus Kroger offers a loyalty card for even more savings!
Further, Kroger’s revenue for 2020 was $122.286 billion, which is far below Walmart’s, but it rivals Walmart in prices and e-commerce.
2. Costco
Costco is a wholesale membership-only retail store that operates over 804 warehouses worldwide, including 558 in the United States, and offers low prices but in bulk supply.
Additionally, Costco has warehouses in Canada, Mexico, China, the United Kingdom, South Korea, Taiwan, Spain, Australia, Iceland, Japan, and France.
Moreover, Costco had revenue of $122.14 billion in 2020, which is huge for a membership-only retail store and is largely credited to its improvement in the e-commerce market.
On top of that, Costco offers a lot of different customer goods, including electronics, household items, clothing, shoes, pet items, low-priced meat, candy, jewelry, and more!
3. Amazon
Amazon is an e-commerce website that has grown substantially in the last decade to become one of the biggest retailers in the world.
Furthermore, you can find electronics, clothes, pet products, home goods, jewelry, books, toys and games, digital goods, and virtually anything you could ever want!
If you’re going to shop online, you’re more likely to shop on Amazon because it has unlimited items. Also, the prices are often lower at Amazon than brick-and-mortar stores like Walmart.
4. eBay
eBay isn’t quite as popular as it used to be. However, it’s still a competitor of Walmart because it offers consumer goods, electronics, and anything else people sell.
However, eBay is an auction website, so you might end up paying a higher price for a product than you would at Walmart.
On eBay, you can find limited-edition and collectibles that Walmart doesn’t sell.
5. Home Depot
Home Depot is the largest home improvement retailer in the United States and is a direct competitor of Walmart in household goods and consumer DIY products.
Further, Home Depot had revenue of $132.1 billion in 2020, which isn’t near the revenue of Walmart, but still well within range to be a top competitor.
6. Albertsons
Albertsons is a grocery chain that competes with Walmart and offers low prices to consumers on different food and household items.
Furthermore, there are over 2,200 Albertsons locations all over the United States, generating a revenue of more than $69 billion in 2020.
7. Giant Eagle
Giant Eagle is a supermarket chain comparable to Walmart in terms of prices, as it offers a multitude of food items, including fresh and frozen foods.
Also, more than 474 locations are found within select states such as Ohio, Pennsylvania, Maryland, and West Virginia.
On top of that, Giant Eagle had revenue of $9.7 billion in 2020, becoming a go-to grocery store for those living in the Midwest.
8. IKEA
IKEA is a furniture retailer that’s a direct competitor of Walmart when it comes to home goods and furniture. That said, IKEA sells items at very low prices, just like Walmart.
Also, there are more than 445 IKEA stores worldwide, including in the United States, the Netherlands, Germany, France, Sweden, and Russia.
Furthermore, IKEA made 39.6 billion euros in revenue for 2020, and that’s not bad considering the low number of stores throughout the world.
9. Target
Target is one of the main competitors of Walmart due to it being very similar in size and layout to Walmart, and Target offers a lot of the same types of products as Walmart.
On top of that, Target is one of the biggest retailers globally and operates in all 50 states plus Target developed a website for international shoppers in over 200 countries!
In 2020, Target had revenue of $93 billion and is currently becoming one of the biggest e-commerce companies in the world.
10. Lowe’s
Lowe’s is another home improvement store directly competing with Walmart as it carries a vast selection of home improvement items, consumer goods, and a garden center.
Furthermore, if you’re looking for lawn and garden products, Lowe’s has a wide variety to fit your needs and even offers delivery services with setup.
In 2020, Lowe’s revenue was $90 billion, and it has more than 2,000 locations with a few stores in Canada and Mexico.
11. Best Buy
Best Buy directly competes with Walmart in consumer goods and electronics in more than 1,160 locations worldwide.
While prices at Best Buy aren’t as low as Walmart’s, it offers more electronics than Walmart and carries more smartphones, tablets, laptops, and desktop computers.
Additionally, Best Buy had revenue of $47 billion in 2020, which was an increase of 8.3% from the previous year.
12. Walgreens & Walgreens Boot Alliance
When it comes to pharmacy, health and wellness, and similar products, Walgreens directly competes with Walmart.
However, Walgreens is more expensive than Walmart but offers a rewards card which lowers the cost for some items.
That said, Walgreens Boot Alliance owns Walgreens and deals with the international market, operating in more than 2,300 locations.
Furthermore, Walgreens has more than 9,000 stores located in the United States and operates in Puerto Rico and the Dominican Republic.
Finally, Walgreens had revenue of $139.5 billion in 2020, making it one of the leading retailers and best-known pharmacies.
13. Reliance Retail (India)
Walmart has a big competitor in India thanks to Reliance Retail which offers consumers groceries, shoes, home improvement items, electronics, toys, and farming items.
Additionally, Reliance Retail has very low prices to compete with Walmart and draw more customers into the store.
In 2020, Reliance Retail had revenue of $22 billion, making it the biggest retailer in India.
Also, Reliance Retail has an e-commerce market so that it can compete even more with Walmart.
14. Aldi (Headquartered in Germany)
Aldi is a low-priced supermarket headquartered in Germany but has more than 6,800 locations worldwide, including in China, United States, Australia, and more.
At Aldi, you can find many grocery items cheaper than you can at other grocery stores or supermarkets, and some items are cheaper than at Walmart!
Furthermore, there are more than 2,100 Aldi locations in the United States, which had around $109 billion in revenue in 2019.
15. JD.com (China)
JD.com is a Chinese e-commerce company that directly competes with Walmart. That said, it’s one of the largest online retailers in China, with more than 532 million customers.
JD, also known by the name Jingdong, had net revenue of 745.8 billion yuan in 2020. So, it’s a substantial Chinese retailer that’s only getting bigger and more popular as time goes on.
16. Carrefour
Carrefour is headquartered in France and is a multinational retail store that has more than 12,000 locations in 30 different countries, including in the United Arab Emirates.
In 2020, Carrefour had a revenue of 70.7 billion euros, which is pretty good considering it only has 12,000 stores.
Furthermore, you can purchase various products in stores, including home goods, electronics, groceries, footwear, and much more, and the prices are similar to Walmart.
17. Tesco (Headquartered in England)
Tesco is a grocery and retail store that offers a variety of products at incredibly low prices, so it’s a direct competitor to Walmart in both the retail and grocery market.
Further, Tesco headquarters are found in England, but it has more than 4,600 stores worldwide, including 11 other countries.
In 2020, Tesco had a revenue of 53 billion British pounds in the U.K. and the Republic of Ireland.
18. CVS
CVS is a pharmacy and drug store that carries personal hygiene, health and wellness products, limited grocery items, hair care products, and pet products.
That said, it’s a competitor to Walmart that generated $268.7 billion in revenue in 2020, from more than 9,600 locations in the United States.
However, there are products at CVS that are more expensive than if you purchased them at Walmart, so you have to be savvy to shop there and save money.
19. Lidl
Lidl is a discount supermarket chain that directly competes with Walmart and offers low prices on grocery items and household goods.
Additionally, Lidl is based in Germany but has locations in more than 29 countries, including the United States and European Union.
In 2020, Lidl had revenue of $133 billion, and it’s growing bigger by the year as it expands into new markets.
21. Spinneys (Middle East)
Spinneys is a supermarket chain headquartered in Dubai, United Arab Emirates, and has more than 70 stores throughout the Middle East.
Furthermore, you can find Spinneys in Egypt, Lebanon, Qatar, Pakistan, and multiple areas within the United Arab Emirates.
21. Shufersal (Israel)
Shufersal is a supermarket chain located in Israel with more than 378 stores as of 2019.
That said, you’ll find several low-cost items at Shufersal, and it competes with Walmart on lower-priced grocery items.
Additionally, Shufersal had revenue of $13.36 billion in 2019, which is incredible for a supermarket company with only one location in Israel.
22. Ascena Retail Group
Ascena Retail Group is a women’s clothing retailer and the parent company of Ann Inc.
Further, Ann Inc. operates Loft and Ann Taylor stores, so it’s a direct competitor to Walmart regarding women’s and tween girl clothing apparel.
Also, Ascena Retail Group owns brands like Lane Bryant and Catherines, allowing it to make more than $3.718 billion in revenue in 2020.
23. Staples
Staples is a chain retail store that competes with Walmart in the electronics, household items, office supplies, and office furniture markets.
Additionally, you’ll find that Staples is found in the United States, Canada, Argentina, and Brazil, with more than 1,000 stores total.
Moreover, the revenue for Staples in 2020 was around $8.6 billion, and as more people get into technology and look for quality electronics, Staples’s revenue will likely rise.
Now that you know about Walmart’s competitors, you can also check our related posts on Walmart statistics & facts, Walmart’s target market, and if Walmart is a supermarket.
Conclusion
Walmart has a lot of competitors both in the United States and around the world. But, Kroger, Target, Amazon, and Costco are the biggest competitors of Walmart.
Furthermore, these stores offer a variety of items just like Walmart, including groceries, electronics, household goods, and clothing items.
Stores like Costco, Kroger, and Target offer goods at a low price, making it more of a competition to Walmart, which is known for incredibly low prices throughout the store.
Internationally speaking, Reliance Retail in India, Carrefour in France, and JD.com in China are all top competitors to Walmart, as they offer similarly low prices to consumers.