2026 Top 50 Global Retailers

The National Retail Federation today announced the 2026 Top 50 Global Retailers. Conducted by Kantar, the list ranks the leading international retailers based on their retail revenues throughout 2025. As the largest global retailers continue to expand outside of retail revenues, this list focuses only on retail-specific revenues and not overall organizational revenue.

“The retail industry continues to show its strength, delivering a solid year despite a range of ongoing challenges,” NRF Chief Economist and Executive Director of Research Mark Mathews said. “The retailers on this year’s list have demonstrated impressive growth and an understanding of evolving consumer needs, highlighting the industry’s continued resilience.”

Walmart maintains its position as the world’s largest retailer, driven by its continued investments internationally and across its digital services, which indirectly support the growth of its retail business.

Amazon, Schwarz Group, Aldi, Costco, Ahold Delhaize and Carrefour followed, all maintaining the same positions as last year. IKEA and The Home Depot each rose one spot to the eighth and ninth place respectively, while Walgreens rounded out the top 10. Seven & I, which ranked seventh last year, fell out of the top 10 following its sale of its department store holdings in Japan.

“The list reflects a year that started quietly but quickly grew more challenging due to U.S. policy shifts and rapidly changing tariffs on almost all goods,” Kantar Senior Vice President of Global Insights and Technology David Marcotte said. “Volatility in key commodity costs, product availability and trade patterns forced global manufacturers and retailers to make quick strategic pivots.”