In 2020, Walmart’s revenue will total $548.743 billion, making it the world’s most valuable firm. So, Walmart is clearly a huge success story. However, are you aware of Walmart’s main competitors?
Keep reading to discover about the top 23 Walmart rivals who can compete with Walmart in the retail business and offer savings and reasonable products!
Competitors of Walmart in 2022.
Up until 2022, Walmart’s primary competitors will be Kroger, Home Depot, Costco, IKEA, and Amazon. In addition, there are overseas competitors like Reliance Retail and JD, which provide extremely low costs and a vast range of household products and grocery items. While Walmart earns the most money each year, its competitors aren’t far behind.
Inquiring minds want to know if Walmart’s competitors are located in the United States or abroad. To learn more, click here!
Walmart’s greatest rival, with over 3,000 outlets nationally, is Kroger. Grocery products are available in almost every store, and a pharmacy is available in nearly every one.
Furniture and outdoor decor, as well as household goods and games, are all available at reasonable costs at Kroger. A loyalty card is also available for even greater savings.
While Kroger’s 2020 revenues were significantly lower than Walmart’s ($222.286 billion), its prices and e-commerce are on par with Walmart.
With 558 warehouses in the United States, Costco is a wholesale membership-only retailer that offers low pricing on bulk supplies at over 804 locations globally.
Costco also has warehouses in the United States, Mexico, China, the United Kingdom, South Korea, Taiwan, Spain, Australia, Iceland, Japan, and France.
It’s also worth noting that Costco’s sales in 2020 will be $122.14 billion, which is a lot of money considering it’s a membership-only retail business.
As a result of this, Costco has a wide variety of client goods to choose from, ranging from electronics to clothing and shoes to pet supplies to low-priced meat and jewelry.
In the recent decade, Amazon has expanded dramatically to become one of the world’s largest retailers.
In addition, you’ll be able to get your hands on everything from electronics and clothing to pet supplies, home decor, jewelry, books, games, and digital downloads.
On Amazon, you are more inclined to shop online because of the wide variety of products available. As an added bonus, Amazon’s pricing are frequently less expensive than those of traditional brick-and-mortar shops like Walmart.
The popularity of eBay has waned in recent years. But it is still a Walmart competitor because it offers consumer items, gadgets, and just about everything else that may be sold by the general population.
Because eBay is an auction site, you may wind up shelling out more money than you would at Walmart for the same item.
Walmart doesn’t sell limited-edition or collector items, but you can find them on eBay.
5. The Home Depot
Home Depot is the largest home improvement shop in the United States and a direct competitor of Walmart in domestic goods and DIY supplies.
In 2020, Home Depot’s revenue was $132.1 billion, which isn’t quite as big as Walmart’s, but it’s still a strong rival.
It’s no secret that Albertsons and Walmart are two of the largest supermarket chains in the United States.
There will be more than $69 billion in revenue generated by Albertsons stores in the United States by 2020, with more than 2,200 sites nationwide.
7. The Giant Eagle
Giant Eagle is a grocery company that sells a wide range of food items, including fresh and frozen, at rates close to Walmart.
Additionally, there are more than 474 locations in states including Ohio, Pennsylvania, Maryland, and West Virginia.
In addition, Giant Eagle generated $9.7 billion in revenue in 2020, making it a preferred grocery store in the Midwest.
When it comes to home furnishings and furniture, IKEA is a direct competitor of Walmart. IKEA, on the other hand, offers a wide range of products at low rates, exactly like Walmart.
There are more than 445 IKEA stores around the world, notably in the United States, the Netherlands and Germany.
IKEA produced 39.6 billion euros in revenue in 2020, which is impressive given the company’s modest global store count.
For this reason, Target is an important competitor of Walmart because it has the same size and layout and sells a lot of the same kinds of things that Walmart does.
It’s not just that Target is one of the world’s most well-known shops; it also has a website for foreign customers in over 200 countries!
With a projected revenue of $93 billion in 2020, Target is on track to become one of the world’s largest e-commerce enterprises.
Lowe’s is another home improvement retailer that competes directly with Walmart, offering a wide range of products for the home, as well as a garden center.
If you need lawn and garden supplies, Lowe’s has a large choice of options and can bring them to your door with set-up included.
More than 2,000 Lowe’s stores are open in the United States, Canada, and Mexico; the company’s revenue was $90 billion in 2020.
11. Best Buy
In more than 1,160 sites throughout the world, Best Buy competes directly with Walmart in the retailing of consumer goods and technology.
Even while Best Buy’s prices are higher than Walmart’s, it carries more smartphones, tablets, laptops, and desktop computers than Walmart and offers a wider variety of goods than Walmart.
There was an 8.3% increase in Best Buy’s revenue in 2020, to $47 billion, compared to 2017.
When it comes to health and wellness, Walgreens competes directly with Walmart.
Walgreens, on the other hand, is more expensive than Walmart, but it offers a loyalty program that decreases the price of some products.
As a result, Walgreens Boot Alliance owns Walgreens and operates at over 2,300 locations throughout the world.
Walgreens also operates in the U.S. territories of Puerto Rico and the Dominican Republic, with a total of over 9,000 locations.
Finally, in 2020, Walgreens had a revenue of $139.5 billion, making it one of the most well-known pharmacies and major merchants in the country.
13.Reliance Retail, Inc. (India)
Reliance Retail, a major Walmart competitor in India, sells everything from food to shoes to home improvement to electronics to toys to farming supplies.
To compete with Walmart, Reliance Retail offers low prices in order to attract more customers.
With a revenue of $22 billion, Reliance Retail became India’s largest retailer in 2020.
Reliance Retail also has an e-commerce sector to fight even more with Walmart.
There are around 6,800 sites of Aldi supermarkets around the world, with more than half of them based in Germany.
Many grocery items at Aldi are cheaper than at other supermarkets or grocery stores, and some items are even cheaper at Walmart!
More than 2,100 Aldi stores are located in the United States, which generated $109 billion of revenue last year.
15. JD (China)
JD.com, a Chinese e-commerce firm, competes with Walmart on a number of fronts. Despite this, it’s one of China’s top e-commerce companies, serving more than 532 million users nationwide.
Jingdong, another name for JD, had 745.8 billion yuan in net revenue in 2020. As a result, it’s a major Chinese store that’s just growing in importance and acclaim over time.
Carrefour is an international retail chain with more than 12,000 outlets in 30 countries, including the United Arab Emirates, with its headquarters in France.
Carrefour expects to generate revenues of 70.7 billion euros in 2020, which is impressive given the company’s small size of 12,000 locations.
Other than that, you can get everything from electronics to groceries to shoes at similar costs to Walmart in the local stores.
17. Toys R Us (Headquartered in England)
When it comes to retail as well as grocery, Tesco is a direct competitor of Walmart because of its wide selection and affordable costs.
Despite the fact that Tesco’s corporate office is in England, the company has more than 4,600 stores in 11 different countries across the world.
Revenues in the United Kingdom and Ireland totaled 53 billion British pounds in 2020, Tesco reported.
CVS is a pharmacy and drugstore chain that sells a wide range of personal care, health, and wellness, and pet products in addition to some groceries.
As a result, it’s a rival to Walmart, which is expected to produce $268.7 billion in revenue by 2020 from more than 9,600 sites across the United States.
You’ll need to be wise if you want to save money at CVS because some things are more expensive there than they are at Walmart.
Located in Germany, Lidl is a discount grocery store company that competes directly with Walmart by offering low pricing on food and household supplies.
Despite its German roots, Lidl operates in more than 29 countries throughout the world, including the United States and the EU.
There will be $133 billion in revenue for Lidl in 2020, and the company continues to develop as it expands into new markets.
20. Spinneys (Middle East)
Founded in Dubai, United Arab Emirates, Spinneys is a grocery chain with more than 70 locations in the Middle East.
Additionally, Spinneys can be found in Egypt, Lebanon, Qatar, Pakistan, and a number of other countries in the Middle East and North Africa region.
More than 378 Shufersal supermarkets are currently open in Israel.
But Shufersal has a good selection of low-priced groceries, and it competes with Walmart in this area.
A supermarket chain with just one store in Israel made a whopping $13.36 billion in revenue in 2019.
22. Ascena Retail Group
Ann Inc. is a subsidiary of Ascena Retail Group, a women’s clothing shop.
As the owner of Loft and Ann Taylor stores, Ann Inc. competes directly with Walmart in the women’s and teen girl fashion market.
Because it owns brands including Lane Bryant and Catherines, Ascena Retail Group anticipates 2020 sales of more than $3,718,500,000,000.
While Walmart is the market leader in electronics, home goods, and office supplies, Staples competes in all four of those categories as well as office furniture.
In addition, Staples has more than 1,000 locations in the United States, Canada, Argentina, and Brazil.
As more individuals get interested in technology and seek out high-quality electronics, Staples’ sales is expected to climb.
Walmart’s competitors can be found in our connected entries on Walmart statistics and facts, Walmart’s target market, as well as whether or not Walmart is considered to be an actual grocery store.
Both in the United States and around the world, Walmart has a lot of competition. Walmart’s largest competitors, on the other hand, are Kroger, Target, Amazon, and Costco.
These stores also carry a wide range of commodities, including groceries, electronic goods and clothing, as well as household goods.
As Walmart’s low pricing spread throughout the shop, discount retailers like Costco, Kroger, and Target are becoming more of a threat.
Reliance Retail in India, Carrefour in France, and JD.com in China are among Walmart’s top international competitors since they provide customers with similar low costs.
Frequently asked questions
Who Are Walmart's Main Rivals?
Walmart's main competitors are Marshalls, Best Buy, eBay, Ascena Retail Group, Qurate Retail Group, Albertsons, Kroger, Lowe's, and Costco.
What Store Most Closely Resembles Walmart?
Walmart and Target are both very profitable low-cost shops. As of 2022, Walmart is 20 times the size of Target.