Walmart is one of the biggest and most popular retail stores in the United States. They offer a variety of products, including groceries, home goods, apparel, and more.
However, Walmart is not the only store of its kind. Indeed, several other companies offer similar products and services. Here is the top list of Walmart similar companies you may not know about.
The 19 Biggest Walmart Competitors
When it comes to Walmart, its main competitors are Amazon, Costco, and Target. So while Walmart may be the world’s largest retailer, these other companies are not too far behind.
Each company has its strengths and weaknesses, so it is essential to know all of them before deciding which one to shop at.
As a major retail player in the United States, Kroger poses a significant threat to Walmart’s dominance. Kroger, like Walmart, is a grocery store chain with pharmacies on-site.
Besides groceries and dairy, it also carries furniture, outdoor décor, home items, a wide variety of other commodities, apparel, accessories, and sundries. Loyalty cards from retailers such as Kroger also come with several perks.
Though Kroger’s 2020 revenue was comparatively low compared to Walmart’s, it was still a long way from Walmart in costs, while it surpassed Walmart in e-commerce.
Amazon, which is both a global tech giant and a substantial online retail business, is famous for information technology, artificial intelligence, cloud computing, and e-commerce. However, Amazon doesn’t offer its products or services to other industries.
The significant revenue has made Amazon one of the competitors of Walmart in the US. However, whereas Walmart heavily influences the physical retail environment, Amazon thrives in the online business sector.
The sheer variety of items available on Amazon is bound to get anyone hooked! But, likewise, you’ll be reluctant to leave the warm, comfortable haven Amazon offers and venture into real-life stores again.
Walmart is a rival of Target because both stores operate in a national retail environment and offer a wide range of products for consumers of all tastes, styles, and budgets.
Their website has been patented to the fullest degree possible to provide customers a great experience with all the newest shopping technology, including touch screen technology in store! In 2016, Forbes magazine mentioned Target in the top 10 best digital retailers globally.
Consumers can purchase everyday products at Costco, including groceries and household products. In addition, it is known for providing quality brand-name products, which include jewelry, clothing items, and housewares, to name a few.
The membership-only retailer currently sells over 4500 SKUs and is considered a primary consumer electronics retailer, home furnishings, apparel, food, and appliances. So it’s no wonder Costco has become one of Walmart’s top competitors today!
Although eBay may not be as popular with shoppers these days compared to the likes of Walmart, rest assured that there are still plenty of reasons why some individuals around the globe choose to head over to eBay for their shopping needs.
There’s a little something for everyone when it comes to eBay. This is evident simply by visiting any category page where consumers can easily find products such as electronics, apparel, toys, and more without trawling through multiple websites searching for one-off deals.
Albertsons is like a little army invading the market, and it has over 2,000 outlets across the country. You can be sure that this army doesn’t mess around.
They’ve got everything from fresh produce to delicious prepared foods for you to choose from. You’re sure to find something that satisfies your taste buds here, so grab your basket and charge into the fray!
7. Home Depot
Everything you might need to construct, renovate and refresh your house is available at Home Depot. In addition, you may find floors, bathrooms, and even window coverings in over 2,200 locations around the country.
It is a one-stop shop for everything from building supplies and equipment to lawn and playground supplies and more! Each store has over 100 000 items on-site, so whatever the project or project size or difficulty level – we got you covered at The Home Depot!
Alibaba is among the world’s largest eCommerce companies, with a $405 billion market cap. It is Walmart’s chief competitor, both operational and market share.
However, according to recent data compiled by CBInsights, Alibaba has managed to boost the number of sellers on its site over the last year in America by more than 1 million. Current figures show this number has now surpassed 10 million.
9. Best Buy
While Walmart may be the company many people associate with on-the-go shopping, Best Buy is a store where the largest number of smartphone owners in the US have shopped at least once.
Indeed, Best Buy doesn’t offer as much variety as Walmart does. Its prices are slightly higher than its competitor’s; however, it does have more computers and at least twice as many smartphones as Walmart. Moreover, it has contributed $47 billion to the national income by 2020.
Walgreen Co. (Walgreens) is a specialty retail pharmacy with more than 8,000 stores in 50 states and D.C. It develops and sells pharmaceuticals, cosmetics, and general merchandise for customers through these stores.
The company also has a division that produces prescription drugs under an exclusive manufacturing agreement with Brand Developers, LLC. Currently, Walgreens holds over 19% of the market share versus its top competitor CVS Health Corp (CVS), 24%.
11. CVS Health Corporation
In the United States, CVS Health Corporation is a leader in pharmacy and health services. Founded in 1963, it had more than 8,000 stores by 2017 and had more than 1,100 retail, medical clinics.
It also has a pharmacy benefits manager business that administers prescription drug benefit programs.
This business is called Caremark Rx Inc., which operates about 3,400 retail locations for pharmacies and serves nearly 80 million patients annually. CVS Pharmacy is the most recent brand evolution for these two divisions.
Indeed, Lowe’s is an American retail firm specializing in selling tools, construction products, and home appliances to the general public.
Since 1946, the company has steadily grown to a chain of over 2,000 locations throughout the USA and three other countries in Canada, Mexico, and Brazil. One of their most popular lines is their lawn and garden department.
Lowe’s has a wide selection of lawnmowers, rakes, fertilizers, and more to get your garden looking its best! We love their policy because they allow online purchasing if what you need isn’t immediately available when you walk into one of their retail locations!
13. Carrefour Group
Carrefour is a big company that sells groceries. Every year, Carrefour makes billions of dollars and opens new stores. As a result, Carrefour ranks among the top supermarket companies, though it’s still fairly small.
To help make more money, Carrefour invested $1.3 billion and opened 35 membership-only Sam’s Club stores in Brazil to reach people who live far away from its regular grocery stores.
14. Kohl’s Corp
Kohl’s department store offers clothing lines and fashionable fashions for men, women, and kids. However, Kohl’s has been in financial trouble since the second quarter of 2021, after reports showed that sales had fallen by almost 15%.
In addition, some analysts point to unprofitable stores as pressing issues for Kohl’s. Thus, the Board of Directors announced a program that labeled all but 50 of its 656 locations as non-core assets.
The Middle Eastern city of Dubai is the home of Spinneys, a prominent retailer. Nakheel Food and Beverages purchased the company in 2018, which owns and operates the Gateway Hypermarket.
Currently, the company operates stores in Egypt, the United Arab Emirates (Dubai), Lebanon, Qatar, and Pakistan. It also operates stores in India, Venezuela, Iraq, Italy, Botswana, Ghana, and the Philippines.
16. Ascena Retail Group
Anne Inc. is a subsidiary of Ascena Group, a women’s clothing retailer. In addition to owning Ann Inc., Ascena Group operates an independent firm.
To compete with Walmart, it focuses on women’s and girls’ clothing in a larger variety of sizes than its rival. Lane Bryant, Loft, and their combined yearly revenue of over $1 billion make the company well-positioned for long-term growth.
Lidl is like Walmart, but they sell at prices cheaper than anyone. They operate businesses in 29 different countries, with headquarters in the USA. It earned $100 billion in sales in 2016.
And they’re growing to where they will have $200 billion by 2020. Lidl can be used as a great location if your company is planning to expand around Europe and into Asia as well.
18. Whole Foods
Whole Foods Inc. is a chain that sells natural and organic foods such as meat, seafood, dairy products, and produce. Amazon’s 2017 acquisition of major organic food store Whole Foods was worth more than $13 billion.
Amazon has given this firm competitive advantages against retail giants Walmart and Target Corp. Besides, the Point-of-Sale merchant is one of the leading players in the grocery game. As a result, it has one of the strongest margins among food retailers.
Instacart is an online grocery marketplace that allows customers to place food orders on the internet and deliver them to their doors in under an hour. It has more than 40,000 shoppers, one million active customers, and 12000 partners in the US and operates in more than 14,000.
With a $265 million investment round in March 2021, its valuation will reach $39 billion. The number of shoppers has increased by 128% year-over-year since 2020 while delivering groceries from 45K outlets with over 500 products each.
Walmart has some tough competition in India from Reliance Retail. The majority of the chain’s revenue comes from selling a wide range of large-quantity grocery items such as potatoes, peanuts, and spices.
Along with its low costs, Reliance Retail entices clients through discounts, propelling the brand to prominence in India. Their sales were $22 billion in 2018.
What Sets Walmart Apart From Its Rivals?
As the world’s largest retailer, Walmart commands a large share of the American market. But what sets it apart from Walmart’s competition? Let’s scroll down now and explore the reasons!
Over the last 20 years, Walmart has ridden on a wave of success by providing lower-cost goods and services by offering customers what it calls “Everyday Low Price” strategies.
This has meant keeping efficient inventory and storage space in some of its warehouses away from the store locations to avoid having their products be priced out of competition or using electronic data processing.
Management Of The Supply Chain
Distribution network management is essential to ensure that commodities are delivered to the correct place time.
Saving time and money may be achieved by requiring its suppliers to use uniform shipping container sizes to fit a system of belts and scanning devices at Walmart.
Because of this, they can order directly from manufacturers, reducing the expenses involved with purchasing via merchants.
Strategy For Market Expansion
Walmart’s simple but highly effective strategy is selling over a third of its property by concentrating on every sector they do business in, increasing the number of stores across the globe to outsell competitors, moving overseas, and even making their current stores larger.
Their biggest competitive advantage is their wide expansion range, which gives them wider opportunities to exploit their industry for more gains than competitors like Target and Costco can generate.
Culture In Workplace
Walmart offers relief to many employees by hiring more staff members and establishing better hiring procedures.
Consequently, the firm expects that it won’t lose competitiveness in the market and that it will improve its workplace codes to assist its employees in obtaining any overtime pay they may otherwise be entitled to.
Who Is A Direct Competitor Of Walmart?
As of 2022, Walmart’s key competitors include Target, Costco, Kroger, Ikea, and Amazon.
Who Are Walmart’s Indirect Rivals?
While Walmart is the largest retailer globally, it still has indirect rivals. These companies don’t compete directly with Walmart but offer similar products and services. Walmart’s indirect rivals include mom-and-pop shops, Toy “R” Us, grocery stores, etc.
Who Is Walmart’s Biggest Opponent?
There are a few companies that could be considered Walmart’s most prominent opponents. These include Amazon, Target, and Costco.
We hope you have found Walmart’s biggest competitors in this blog post. In conclusion, Walmart is a company with a long history of providing low-cost goods and services to its customers. In addition, the company has a wide variety of products and services available, so it is sure to have something for everyone.
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