Retail means selling goods or services directly to the customer. Retail companies carry out their business through multiple channels of distribution to earn a profit. The U.S. Retail industry employs about 29 million people and supports more than 42 million jobs.
According to Bureau of Labor Statistics, there are 10,45,422 retail establishments in the USA as of 2020. Let us see about the top 10 retail companies in the USA.
Walmart is an American Multi-National Retail corporation that operates a chain of hypermarkets, departmental stores, and grocery stores in the USA. The company was found on 2nd July 1962. The founder of Walmart is Mr. Sam Walton. The headquarters of Walmart is located in Bentonville, Arkansas, U.S. The company has 10,526 stores across the globe as of 30th April 2021.
In Walmart, more than 2.2 million employees are working. The Revenue of Walmart is US$559.2 billion. The company owns and operates Sam’s Club retail warehouses. The company operates under the name Walmart in U.S and Canada, and as Flipkart wholesale in India. Walmart is the world’s largest company by revenue. The company is the largest private employer in the world.
Everyday low price is the cornerstone strategy of Walmart. Walmart is one of the largest and safest fleets, and every year they drive 700 million miles to make millions of their deliveries to their stores and clubs. Their website Walmart.com has 100 million unique visitors per month. Walmart is a top retail company in the USA.
Amazon is an American Multi-National Company. The company was found on 5th July 1994. The founder of Amazon is Mr. Jeff Bezos. The headquarters of Amazon is located in Seattle, Washington, U.S. In this company, 12,98,000 employees are working. The Revenue of Amazon is US$386.064 billion as of 2020.
Amazon focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. Amazon has been referred to as “One of the most influential economic and cultural forces in the world”. It is recognized as the world’s most valuable brand. The company was started as an online marketplace for books and expanded to sell video games, electronics, software, apparel, furniture, food, toys, and jewelry.
Amazon is the world’s largest online marketplace. It is the second largest private employer in the U.S. and it is one of the world’s most valuable companies. Amazon has the highest brand valuation as of 2020. Amazon is one of the top retail companies in the USA.
Costco wholesale corporation is an American Multi-National corporation. Costco was found on 12th July 1976. The founders of Costco are Mr. James Sinegal and Jeffrey Brotman. The headquarters of Costco is located in Issaquah, Washington, U.S. It is the world’s fifth-largest retailer in the world. It is the world’s largest retailer of choice, and prime beef, organic foods, rotisserie chicken, and wine as of 2016.
Costco has 804 Warehouses across the world as of March 2021. The company is now planning to open new warehouses in New Zealand and Sweden in 2022. The company already has warehouses in South Korea, Taiwan, Australia, Spain, Iceland, France, and China. It is a multi-billion-dollar global retailer.
In Costco, there are more than 2,73,000 employees are working. The Revenue of Costco is US$152.7 billion. Costco sells a variety of products like art, books, caskets, clothing, computer software, furniture, home appliances, jewelry, perishable items, solar panels, vacuum cleaners, and many more items. Costco is one of the top retail companies in India.
Kroger is an American retail company. Kroger was found in 1883. The headquarters of Kroger is located in Cincinnati, Ohio, U.S. Kroger consists of 2,742 supermarkets and 154 jewelers. The founder of this company is Mr. Bernard Kroger. In Kroger, 4,53,000 employees are working. Kroger is the largest supermarket by revenue in the USA. It is the fourth largest American-owned private employer in the United States.
Kroger operates 35 food processing or manufacturing facilities, 1,596 supermarket fuel centers, 2,225 pharmacies, and 224 in-store medical clinics. The Kroger Company employs one of the largest networks of private label manufacturing in the country. Kroger uses a three-tiered private label marketing strategy.
Kroger formats include supermarkets, seamless digital shopping options, price-impact warehouse stores, and multi-departmental stores. Their fresh picks mobile market brings fresh foods at affordable prices to neighborhoods. Kroger is one of the top retail companies in the USA.
WALGREENS BOOT ALLIANCE:
Walgreens Boot Alliance is an American Pharmaceuticals holding company. The company was found on 31st December 2014. The headquarters of this company is located in Deerfield, Illinois, U.S. In Walgreens Boot Alliance, more than 4,50,000 people are working. The Revenue of this company is US$139.5 billion as of 2020. WBA is one of the top retail companies in the USA.
WBA is a global leader in retail pharmacy impacting millions of lives through dispensing medicines, and providing accessible high-quality care. WBA is present in more than 25 countries with over 21,000 stores. It is one of the world’s largest purchasers of prescription drugs and many other products related to health. In WBA, nearly 40,000 pharmacists are working.
WBA produces many brands like No7, Soltan and Botanics, Boots Pharmaceuticals, and Boots Laboratories. They have launched a program named myWalgreens is designed for customers to save their money, time and to help the local communities. This program reached 86 million people as of August 2020. They have more than 85,000 healthcare services providers like Pharmacists, pharmacy technicians, nurse practitioners, and health-related professionals.
THE HOME DEPOT:
The Home Depot is the largest home improvement retailer in the U.S. This company was found on 6th February 1978. The headquarters of The Home Depot is located in Atlanta, GS, USA. In this company, more than 4,00,000+ employees are working. The Revenue of this company is US$110.2 billion.
The Home Depot supplies tools, construction, products, and services. The Home Depot has more than 2,200 stores in three countries. The products of the Home Depot are Home appliances, tools Hardware, Builders Hardware, Lumber, Building materials, Paint, Plumbing, flooring, garden supplies, and plants. It is one of the top retail companies in the USA.
CVS Health is an American healthcare company. The company was found in 1963. CVS Health is located in Woonsocket, Rhode Island, U.S. In CVS Health, more than 3,00,000 employees are working. The Revenue of CVS Health is US$268.70 billion.
CVS Health owns CVS Pharmacy, a retail pharmacy chain, CVS Caremark. CVS means Customer value services. CVS helped retailers manage their health and beauty aid product lines. CVS’s health assets include CVS Pharmacy, CVS Caremark, CVS Specialty, and the retail clinic Minute clinic. They make quality care more affordable, accessible, simple, and seamless.
CVS brings expertise and care to communities across the country delivering essential products and prescriptions to the doorsteps of the people. They have 9,900 retailer stores they are easy to access mail pharmacy, chronic care specialty pharmacies, they are being a health care partner to their customers. CVS Health is one of the top retail companies in the USA.
Target Corporation is an American Retail corporation. The company was found on 24th June 1902. The headquarters of the Target corporation is located in Minneapolis, Minnesota, U.S. As of 2020, In Target corporation more than 3,68,000 people are working. The Revenue of the Target Corporation is US$75.356 billion.
Target Corporation operates 1,904 stores as of 2020. Their retail formats are discount store target, the hypermarket super Target, and small-format stores. They have 44 distribution centers and 20 office locations globally. Target corporation says that their team members are the heart of their Target’s business.
The ambition of Target Corporation is to Design and elevate sustainable brands, Innovate to eliminate waste, and accelerate opportunity and equity. Target corporation has four subsidiaries- Target brands, Target capital corporation, Target enterprise, and Target general merchandise. It is one of the top retail companies in the USA.
Lowe’s is an American retail company specializing in home improvement. The company was found on 25th March 1921. The headquarters of Lowe’s is located in Mooresville, North Carolina, U.S. In Lowe’s, more than 3,00,000 people are working. The Revenue of Lowe’s is US$72.148 billion as of 2020. Lowe’s operates 2,197 home improvements and hardware stores in North America.
Lowe’s is the second-largest hardware chain in the U.S. They are committed to help owners, renters, and pros improve their homes and business. They serve 20M customers per week. Their strategy is rooted in serving their customers. Its mission is to deliver the right home improvement products with the best service and value.
Lowe’s is a strong consumer brand with solid cash flows and a healthy balance sheet. They are focused on generating long-term profitable growth and driving shareholder value. Lowe’s has 450+ stores in Canada. It is one of the top retail companies in the USA.
Albertsons is an American grocery company. The company was found on 21st July 1939. The founder of Albertsons is Joe Albertson. The headquarters of this company is located in Boise, Idaho, U.S. in Albertsons, 3,25,000 people are employed. The Revenue of Albertsons is US$62.455 billion as of 2020.
Albertsons is the second-largest supermarket chain in North America. Albertsons operates as a banner of Albertsons Companies is one of the largest food and drug retailers in the U.S. The company operates stores across 35 states and the district of Columbia under 30 banners. In 2020, the company gave $260 million in food and financial support.
The efforts of the Albertsons have helped millions of people in the areas of hunger relief, education, cancer research and treatment, social justice and programs for people with disabilities, and veterans outreach. It is one of the top retail companies in the USA.