Walmart Remains Steady on NRF Top 100 Retailers List
As is the case with our own rankings of the top CE retailers, the NRF’s STORES Top 100 Retailers seems to have the same heavy hitters dominating the list every year. For them, it’s Walmart who raked in some $387.6 billion in retail sales last year. Our own No. 1 (in terms of consumer electronics sales only), Amazon posts about a third of what Walmart generates in retail sales at $120.9 billion.
Many estimates point towards food sales as one of Walmart’s top sales generators. While Amazon itself is not a major player in the grocery market, Whole Foods—which Amazon acquired back in 2017—most definitely is. On the other side of the pond, Walmart recently upped its e-commerce game, matching delivery times to that of Amazon. But when it all comes down to it, Amazon’s numbers are almost laughable when pitted next to Walmart. Still, Amazon remains a threat to Walmart, and rightfully so.
"No. 2 Amazon.com's retail business is nowhere near as large as No. 1 Walmart's, but Amazon is easily the most disruptive and influential force in the retail industry," the story reads. "The company sells merchandise from all manner of vendors and suppliers, via both online commerce and through a variety of physical stores. Amazon also provides a digital marketplace for unaffiliated retailers to sell their wares."
Many analysts believe, however, that Walmart may be facing a bigger beast in dollar stores (if you can believe it). In fact, two dollar stores made the 2019 Dealerscope Top 101 CE Retailers list: Dollar Tree, No. 23 and Dollar General, No. 45. Both bargain stores were up from last year with Dollar Tree making a 16 spot leap.
"There are a whopping 30,000 dollar stores in America now, and the category is growing at a rate of 8 - 10% annually," Nick Egelanian, president of retail development consultants Siteworks, told Retail Dive in an email. "Add to that growing market share for Aldi (and Lidl), and you can see a real competitive threat growing for Walmart while it has its eye off the ball."