Walmart is one of the biggest names in both the online and offline retail industry. It has the distinction of being the largest company in the world based on revenues in the year 2019. The multinational corporation has posted its revenues for January 2020 at 523.964 billion dollars making it one of the prominent companies in the world. In the United States, it is the largest grocery retailer with 65% of its total company sales from this country.
Walmart operates a chain of retail outlets in the form of grocery stores, discount department stores and hypermarkets through three segments Walmart International, Walmart US and Sam’s Club and an e-commerce network Walmart.com with one lakh visitors every month and an annual growth that surpasses 40%.
Walmart, Inc is an American origin public company that was founded in the year 1962 by its founder Sam Walton. It serves with headquarters based at Bentonville, Arkansas in the United States and has spread its presence with eleven thousand five hundred and three outlets and clubs in twenty-seven countries.
Walmart product portfolio includes grocery, automotive goods, party supplies, craft supplies, pet supplies, fitness items, health and beauty, jewellery, clothing, home and furniture, electronics and movies and music etc. Financial products and services include bill payment, check to cash, prepaid cards and money orders etc.
Walmart faces stiff competition in every sphere of its business. Some of its competitors are-
Amazon is a major Walmart competitor in the e-commerce segment. The tech giant has a huge presence in the United States where it has a hold over nearly 50% of the total online market share. Walmart is the leader in physical space but Amazon dominates the online platform.
The best thing about Amazon is that it has various products in its portfolio that have been a strong contributing factor in maintaining high revenues. The Walmart competitor showed 280.522 billion dollars of revenues in the fiscal year 2019. It is associated with numerous industries like e-commerce, Artificial Intelligence, Cloud Computing, Consumer Electronics, Grocery Stores and Digital Distribution and its product portfolio includes Amazon Kindle, Amazon Fire OS, Amazon Fire TV, Amazon Echo and services are Amazon Alexa, Amazon Web Services, Amazon Prime Video, Amazon Prime, Amazon Music, Amazon Appstore and Amazon.com.
Amazon is an American origin public company that was founded in the year 1994 by its founder Jeff Bezos, who is also the CEO and chairman of the company. It serves with headquarters based at Seattle, Washington in the United States and has spread its presence to seventy-three cities in thirty-three countries. Ranked as the most valuable company its product portfolio and active users exceed one hundred and nineteen billion items and one hundred million respectively.
Alibaba has the distinction of being the largest e-commerce company and retailer in the world and is considered a direct Walmart competitor as they often compete in the same industries and for the same market share and customer base. The best thing about Alibaba is that it offers a premium as well as low-priced affordable items through its list of nearly eight hundred million products.
Alibaba Group is a Chinese origin company that was founded in the year 1999 by its founder Jack Ma. It is a multinational company with its fingers in several industries like technology, internet, retail and e-commerce. Alibaba offers B2B, B2C and C2C sales services through electronic payment services, web portal, cloud computing and shopping search engines.
On a global scale, Alibaba is unable to surpass Walmart but in China, it has managed to grow and flourish at a tremendous rate. With 755 million users in the worldwide market, the company is no doubt growing from strength to strength. In the year 2018, 13th November it managed to sell 30.8 billion of products on a single day creating a world record.
IKEA has the distinction of being the largest furniture retailer in the world since the year 2008. In January 2018, as per the Bloomberg Billionaires Index, the founder Ingvar Kamprad was declared as the eighth richest man in the world with a worth of 58.7 billion US dollars. In the year 2018, the company sold 44.6 billion worth of goods making it one of the strongest Walmart competitors in the world.
IKEA is a Swedish origin private company that was founded in the year 1943. It serves with headquarters based at Delft Netherlands and has spread its presence with four hundred and thirty-three stores in fifty-two countries in the world.
The multinational group is a Walmart competitor as both are retail giants that are vying to increase their consumer base. The website boasts of twelve thousand products in its catalogue so that the consumer does not have to look at some other brand for a related product. IKEA is involved in the design and selling aspects of ready-to-assemble furniture. The product portfolio also includes home accessories, kitchen appliances as well as home services.
4. Home Depot
Home Depot is the largest retailer in the United States in terms of home improvement products. The brand posted revenues and net income for the fiscal year 2018 at 108.2 billion and 11 billion US dollars respectively and with one million products in the online platform is considered one of the Walmart competitors in the retail market.
Home Depot is an American origin public company that was founded in the year 1978 by its founders Kenneth Langone, Pat Farrah, Ron Brill, Arthur Blank and Bernard Marcus. It serves the United States, Canada and Mexico with headquarters based at Atlanta in the United States and has spread its presence with two thousand two hundred and eighty-five outlets. homedepot.com has visitors count in millions and has helped the brand in maintaining its stronghold in the market.
Home Depot is associated with the retail industry and deals in a diversified product portfolio that includes a supply of construction products, tools and services and home appliances. It provides competition to the brand Walmart via big-boss format stores and ninety distribution centres spread across the United States.
Costco is an American origin public company that was founded in the year 1976 by its founders Jeffrey Brotman and James Sinegal. It serves with headquarters based at Issaquah, Washington in the United States and has spread its presence with seven hundred and eighty-five warehouses in thirteen countries like United States, United Kingdom, Japan, Mexico, and Canada.
Costco is associated with the retail industry and operates retail chain that has the distinction of being the largest retailer in the world of organic foods, prime beef and wine. In the year 2019, the multinational corporation was ranked in the first position as the largest United States corporations in terms of total revenues by Fortune 500 rankings.
Costco is a leading player in the global market and competes with regional, national and international retailers and wholesalers for the market space in the general merchandise retail segment. It is one of the strongest Walmart competitors in the world as both the companies target families and businesses through their broad product portfolio.
eBay is an American origin company with headquarters based in San Jose. It was founded in the year 1995 by Pierre Omidyar and facilitates B2C and C2C business through its online site. This multi-million dollar business has operations in nearly thirty countries and with revenues of 10.746 billion US Dollars at the end of the fiscal year 2018, has been able to give its competitor Walmart a strong fight.
eBay is associated with the e-commerce sector and serves via its website where people and business entities purchase and sell goods and services all around the world. It is free to use for the buyers but the seller has to pay a fee for listing items. Initially, a set number of items is not charged when listed but after that number, the seller has to pay for all others.
eBay is a major Walmart competitor in the e-commerce sector and has added several innovative schemes to increase its consumer base for instance “Buy it Now” has been a huge hit amongst the consumers. The site was involved in online money transfers via PayPal, a fully-owned subsidiary of eBay
Lowe’s posted its revenues for the fiscal year 2018 at 68.619 billion US Dollars and is considered one of the topmost Walmart competitors in the retail industry. It has the second-largest chain of hardware stores in the world.
Lowe’s is an American origin public company that was founded in the year 1921 by its founders Carl Buchan and Lucius Smith Lowe. It serves with headquarters based at Mooresville, North Carolina in the United States. The company has spread its presence with more than two thousand and fifteen outlets by the end of the year 2018 in countries like Canada and the United States.
Lowe’s operates in bigger markets through the big-box concept of outlets and the classic format stores in smaller areas. It is associated with the retail industry and deals in building and hardware materials along with other items like grocery, lawn and garden, outdoor power equipment, paint, tools, bathroom products, storage and organization and smart home appliances The company has introduced several schemes like the Price Match Guarantee and Free In-Store Pick-up to attract and maintain a customer base.
ALDI refers to two chains of discount stores with total revenues of an estimated 53 billion Euros in the year 2020. It competes with Walmart in the retail industry as both are involved in the same space.
ALDI is a German origin private company that was founded in the year 1946 by its founders and brothers Theo and Karl Albrecht. In the year 1960, the business was split into two separate groups with headquarters based at Essen Germany for ALDI Nord and Mulheim, Germany for ALDI Sud. The company has spread its presence with eleven thousand two hundred and thirty-four stores in twenty countries in the world.
ALDI is associated with several products related to household essentials and grocery items, for instance, bakery items, frozen foods, cheesecakes and booze etc. The best thing about ALDI is that the stores are designed in such a manner that customers will be able to find the most popular product easily. New 40 – 50 finds are added every few days for a short interval to maintain the interest level of the customers.
JD.Com. is a Chinese origin company that was founded in the year 1998 by its founder Liu Qiangdong. This online retailer has a headquarters based in Beijing, China and deals in B2C transactions on a massive scale. In the e-commerce sector, JD.com is considered a strong Walmart competitor.
JD.Com is a member of Fortune Global 500 and with revenues of 67.198 billion at the end of the fiscal year 2018 and 28 billion dollar market capitalization in mid-2019, has created a strong presence in both internet and online retailing sector. As per the Alexa ratings in the year 2018 November, it was ranked at 15th position.
JD.Com has investments and dealings in AI and high-tech deliveries via drones, robots and autonomous technology and possesses the largest capability, infrastructure and drone-delivery system in the world. It is the proud owner of the largest drone delivery system in the world.
Target is associated with retail industry and deals in a diversified product portfolio that includes products related to categories like toys/games, footwear, pet supplies, small appliances, lawn and garden items, jewellery, furniture, food, electronics, accessories, apparel, health, beauty and bedding etc. It has the distinction of being the largest retailer in the United States ad this is why is one of the top Walmart competitors.
Target is an American origin public company that was founded in the year 1902 by its founder John Geisse and George Dayton. It operates in the United States with headquarters based at Minneapolis, Minnesota and has spread its presence with one thousand eight hundred and sixty-eight outlets in that country.
The retail format of Target includes small format, hypermarket and discount store. The company has launched schemes like Expect More Pay Less and Low Price Promise to lure in further customers and occupy a greater chunk of market share. The brand posted revenues for the fiscal year 2019 at 75.356 billion US dollars and is considered one of the strongest players in the market.
It is the consumer who is the ultimate winner if the competition is healthy as it nudges companies to offer their best products and services in the market.