The retail sector in a normal entrepreneur market economy comprises different sorts of retailers. Some of them are corporate retailers, which work in different stores as a chain. Others are free retailers with a solitary store area. Corporate retailers can additionally be separated as public corporations and exclusive chains. Compared with autonomous retailers, corporate retailers are small in number, however, they order the biggest portion of the customer market. In ongoing many years, a progression of progressive changes has occurred in the retail business worldwide in the midst of the course of globalization of the world economy. The recent fads and qualities are typified principally by corporate retailers and have prompted the retheorization of the conventional retail topography and the rise of another retail geology with a significant change in perspective. As the retail arranging process turns out to be more mind-boggling, so too does the job of retail geographers.
Top 10 retail businesses in 2022
1. Walmart
As of fiscal 2022 revenue, Walmart employs approximately 2.3 million associates worldwide.
Walmart is known as a leader in providing great sustainability, corporate and jobs.
Walmart is the leading company with a turnover of more than 500 billion dollars in 2022۔
2. Amazon
Amazon is an American multinational technology company that targets e-commerce, digital streaming, online advertising, cloud computing, artificial intelligence and many more.
Its annual revenue is close to 500 billion US dollars.
3. Costco Wholesale
Costco Wholesale Corporation operates an international chain around the world in which people acquire memberships and stay connected with its chain system.
It is considered to be the world’s third largest seller of quality and affordable brand-name goods earning approximately $226.954B annually.
4. The Home Depot
It is an American multinational home improvement retail corporation that sells home improvement tools, building products, services, appliances and more. It is the single largest business of its kind in the USA earning over $150 billion in foreign exchange annually.
5. The Kroger Co.
The Kroger Company is one of the largest companies in the world that operates various large multi-stores and supermarkets across the world from within the United States.Its revenue is around one hundred and thirty six million per year
6. Walgreens Boots Alliance
It is an integrated company which is a very best and unique company of its kind run by American, Swiss and British collaboration. It has a huge pharmaceutical chain that includes pharmaceutical manufacturing and distribution. Its annual earnings are around 132 billion dollars.
7. Target
Target is a very large departmental style company. It is the most unique and seventh largest retailer of its kind in the United States. The company has a turnover of around one hundred and seven billion dollars every year.
8. CVS Health Corporation
CVS Health Corporation operates a large pharmaceutical chain in the United States. Health insurance, health care, pharmaceutical benefits, pharmacy management as well as many other functions in the health sector are carried out within this corporation. With a turnover of about $292 billion, this company is operating as a leading retailer in the United States.
9. Lowe’s Companies
Lowe’s is the ninth largest retailer network in the United States. The company is America’s best-in-class provider of home improvement products and services with annual revenues of nearly $90 billion.
10. Albertsons Companies
Albertsons Company is an American grocery retailer with a chain power of about 2,500 stores, and after Kroger, it is the largest chain power company in the United States with an annual turnover of approximately 75 to 80 billion dollars.