Walmart is a giant in the retail world, and for many years, it was the only option for people looking for affordable goods. However, Walmart’s monopoly is starting to crumble, as more and more people are turning to alternatives. In this post, we will discuss 9 companies that are giving Walmart a run for its money.
A brief history of Walmart
Walmart is an American multinational retail corporation that was founded by Sam Walton in 1962, with its first store opening in Rogers, Arkansas. Since then, it has become the world’s largest retailer and one of the most valuable and best-known brands around the globe.
Walmart offers a wide range of products across many categories, such as clothing, shoes & accessories, books, movies & TV shows, video games, arts & crafts supplies, party supplies, and patio & garden items. It also has a dedicated grocery section with fresh produce, meat & seafood, dairy & eggs, and more. It provides toys & outdoor play equipment for kids as well as baby items including nursery furniture and car seats. Customers can also find electronics such as TVs and computers, in-store or online. You can also shop online at Walmart.
Operating in 24 countries through 10,593 discount stores, supercenters, neighborhood markets and warehouse membership clubs, Walmart offers low prices on a wide selection of products – an advantage that has contributed to its worldwide revenue of $611 billion USD in 2022.
Other interesting statistics about Walmart include:
- Walmart is the largest private employer in the world, with over 2.3 million employees globally.
- Walmart serves more than 265 million customers each week.
- Walmart’s e-commerce business is the sixth-largest in the United States
- Walmart has made significant investments in sustainability in recent years, including a commitment to reaching net-zero emissions by 2040.
9 Major Walmart Alternatives
Home Depot is a large American home improvement retailer that specializes in selling tools, construction products, and services. The company operates a chain of retail stores across the United States, Canada, and Mexico, and also offers a wide range of products and services through its online store.
Home Depot was founded in 1978 by Bernie Marcus and Arthur Blank in Atlanta, Georgia. The first two stores opened in Atlanta in 1979, and the company has since grown to become the largest home improvement retailer in the United States.
Home Depot operates over 2,300 stores in North America – with more than 1,900 based in the U.S. alone – as well as an extensive online presence offering over one million products available for sale. It offers an array of products and services – including building materials, tools, hardware, paint, plumbing, electrical and flooring – along with installation services for many of its products such as flooring, cabinets, and countertops.
Some other interesting statistics about Home Depot include:
- Home Depot is the largest home improvement retailer in the United States, with a market share of around 30%.
- The company has a significant impact on the U.S. economy, with estimates suggesting that Home Depot is responsible for around 0.5% of the country’s GDP.
- Home Depot employs around 500,000 people across its stores and distribution centers.
- The company has been recognized for its sustainability efforts, including a commitment to reducing carbon emissions and increasing the use of renewable energy.
- Home Depot has a strong reputation for customer service and has been recognized by numerous industry awards and rankings.
Home Depot in its fourth quarter of 2021 reported sales of $35.7 billion – a growth of $3.5 billion or 10.7 percent from the fourth quarter of 2020. Comparable sales for that period also increased by 8.1 percent, with comparable sales in the U.S. up 7.6 percent. For the fiscal year 2021, Home Depot reported sales of $151.2 billion – a 14.4 percent increase over 2020’s revenue.
Best Buy is a major American consumer electronics company boasting a comprehensive range of products, from computers and TVs to smartphones and home theater systems, as well as providing installation and repair services. It boasts an extensive retail network across the USA, Canada, and Mexico, in addition to its large online store.
Best Buy was founded in 1966 by Richard M. Schulze in Saint Paul, Minnesota. Originally called “Sound of Music”, the company started as a small audio specialty store and has since grown to become one of the largest electronics retailers in the world.
As of 2021, Best Buy operates over 1,000 stores across the United States, Canada, and Mexico. The company also has a significant online presence, with a website that offers a wide range of products for sale.
Best Buy offers an extensive range of products, spanning consumer electronics, appliances and home theater systems, office supplies, as well as installation and repair services for many of these items.
Some further statistics on Best Buy:
- Best Buy is one of the largest electronics retailers in the world, with annual revenue of over $46 billion.
- The company employs over 90,000 people across its stores and corporate offices.
- Best Buy is known for its strong customer service and has won numerous awards and accolades for its support and assistance to customers.
- The company has made significant investments in sustainability in recent years, including a commitment to reducing its carbon footprint and increasing the use of renewable energy.
In its fourth quarter of fiscal 2021 reported a 12.6% increase in enterprise comparable sales and an 89.3% growth in domestic online sales. However, this was followed by a decrease of 2.3% in Q4 FY22 compared to the 12.6% growth seen the year prior.
Carrefour is a French multinational retail corporation that operates a chain of hypermarkets, supermarkets, and convenience stores. It is one of the largest retail chains in the world and has a presence in over 30 countries.
It was founded in 1959 by Marcel Fournier, Denis Defforey, and Jacques Defforey in Annecy, France. The first Carrefour store was opened in 1960 in the Parisian suburb of Sainte-Genevieve-des-Bois.
Carrefour operates almost 14,000 stores in more than 30 countries, including hypermarkets, supermarkets, and convenience stores. The company employs over 320,000 people worldwide.
In 1988, Carrefour entered the US market by acquiring the discount retailer Penn Traffic. However, the company struggled to gain traction in the highly competitive US retail market, and in 1993, Carrefour sold its US operations to the Dutch retail conglomerate Ahold.
Carrefour offers a wide range of products, including groceries, electronics, clothing, household items, and more. The company also operates a variety of private-label brands, including Carrefour, Carrefour Bio, Carrefour Discount, and Carrefour Tex.
Carrefour reported a 0.8% sales increase in its third quarter of fiscal 2021, compared to the 8.4% growth in the same period of last year. Total group sales were €20.47 billion before IAS 29 for the three-month period.
Kohl’s Corporation is a US-based retail company that operates a chain of department stores offering a wide range of products, including clothing, footwear, accessories, home decor, and beauty products.
Kohl’s was founded in 1962 by Maxwell Kohl, who opened the first store in Brookfield, Wisconsin. The company went public in 1992 and has since expanded its operations across the United States.
As of 2021, Kohl’s operates over 1,100 stores in 49 US states. In addition to its brick-and-mortar stores, Kohl’s also offers an online shopping platform, which accounts for a growing share of the company’s sales.
Kohl’s products include men’s, women’s, and children’s clothing, footwear, accessories, and beauty products. The company also offers home decor and furnishings, kitchen and dining items, and toys and games.
Kohl’s is one of the biggest big box stores in the United States, with over 1,100 stores and more than 120,000 employees. In 2020, the company reported net sales of $16.9 billion.
Kohl’s is also known for its loyalty program, Kohl’s Cash, which rewards customers with store credit for their purchases. The company is committed to sustainability and has set ambitious targets for reducing its greenhouse gas emissions and waste.
Whole Foods Market is a US-based grocery store chain that specializes in natural and organic foods, as well as products that are free from artificial preservatives, colors, flavors, and sweeteners.
Whole Foods was founded in 1980 by John Mackey and Renee Lawson Hardy in Austin, Texas. The company began as a small store that sold natural foods. It has since grown very big and is now one of the biggest grocery stores in America.
The retailer operates over 500 stores in the United States, Canada, and the United Kingdom. In addition to its stores, the company also has a website. You can go online and shop there, then they will deliver it to you.
Whole Foods provides fresh produce, meat and poultry, seafood, dairy products, baked goods, and prepared foods. The company has an emphasis on sustainability, offering many certified organic, non-GMO, and fair trade products.
Some other noteworthy Whole Food facts:
- Whole Foods is known for its high-quality products and premium pricing.
- The company was acquired by Amazon in 2017 for $13.7 billion
- They have 91,000 employees working for them
- In 2021, the company saw net sales of over 8 million US dollars – a rise from roughly 7.8 million US dollars in the prior year.
Tesco is a British multinational grocery and general merchandise retailer. It is the largest retailer in the United Kingdom and one of the largest retailers in the world.
The company was founded in 1919 by Jack Cohen as a group of market stalls selling groceries in London’s East End. The company’s first store opened in 1929, and it has since grown to become a global retail giant with operations in Europe and Asia.
The retail industry giant operates over 4,500 stores across 12 countries, including the United Kingdom, Ireland, Thailand, and USA. The company also has a significant online presence, offering grocery delivery and other services through its website and mobile app.
Tesco has lots of different things to sell. They offer fruits and vegetables, meats, fish, bakery items, and house supplies. They also have their own products like Tesco Finest and Tesco Value.
Tesco’s latest financial reports show that the company had current revenue (TTM) of $82.08 billion in 2022, an increase from 2021 revenue of $80.88 billion. Revenue is the total income generated by selling goods or services.
Sears is an American department store chain that was once one of the largest retailers in the world. The company has a long history, having been founded in 1892 by Richard Warren Sears and Alvah Curtis Roebuck as a mail-order catalog business.
Sears operates only a handful of physical stores in the United States, down from its peak of over 3,500 stores in the 1970s. The company filed for bankruptcy in 2018 and has since closed many of its stores. However, Sears still operates as an online retailer through its website and third-party marketplaces.
Sears offers an expansive selection of products, like clothes, electronics, home furnishings, appliances and automotive parts. The company also provides extensive home improvement and auto services through their Sears Home Services and Sears Auto Centers divisions.
Its e Commerce sales are generated almost entirely in the United States. In 2021, sears.com had a global net sale of US$1,389.5m.
Despite its challenges, Sears remains a well-known brand and has a loyal customer base. The company has been working to transform its business model and invest in new technologies to compete in the rapidly changing retail landscape.
Costco Wholesale Corporation is an American multinational retail corporation that operates a chain of membership-based warehouse clubs. It is one of the largest Walmart competitors in the United States.
Costco was founded in 1976 by James Sinegal and Jeffrey Brotman in Seattle, Washington. The company started as a single warehouse club and has since grown to become a global retail giant with operations in the United States, Canada, and several other countries.
Costco operates over 800 warehouses worldwide, including 558 in the United States and Puerto Rico. The company offers a wide range of products, including groceries, electronics, appliances, clothing, and home goods. Costco’s products are sold in bulk and are typically priced lower than retail prices.
Costco’s innovative membership-based business model is what truly sets it apart. By paying an annual fee, customers gain access to a world of discounted prices and specialized products not available anywhere else. And if that wasn’t enough already, shoppers are also able to take advantage of the company’s convenient online shopping platform for delivery directly at their doorstep.
An ever-growing contender in the retail industry, Costco has begun to take on Walmart as a formidable rival. By providing excellent products at equally impressive prices, Costco is able to draw an enthusiastic customer following and compete with other giant retailers such as Walmart. With its focus on quality goods that won’t break the bank, it’s no wonder why more people are choosing to shop at Costco over other stores.
Costco reported sales growth of 16% in fiscal 2022 (which ends in August), with comparable store sales up 14%.
Target is an American retail corporation that operates a chain of department stores and discount stores. The company is known for its trendy merchandise and stylish design, as well as its commitment to sustainability and social responsibility.
Target was founded in 1902 as Dayton Dry Goods Company and became known as Target Corporation in 2000. The company has since grown to become one of the largest retailers in the United States, with over 1,900 stores across the country.
Target carries an array of all types of products, from clothing and electronics to home goods and groceries. They are also famous for their exclusive designer collaborations, such as their partnerships with Missoni, Lilly Pulitzer, and Jason Wu.
Target has a strong online presence and offers e-commerce sales through its website and mobile app. The company has heavily invested in its online sales platform over the last few years, resulting in a significant increase in its online revenues.
Target Corporation reported total revenue of $106 billion in 2021, an increase of 35% over the last two years. Comparable sales rose 12.7%, while comparable traffic grew by 12.3%. These figures represent an impressive improvement compared to 2020, when sales were up 19.3% and traffic was up 3.7%.
Target is one of the largest employers in the United States, with over 400,000 employees. They have faced intense competition from other retailers, including Walmart and Amazon. However, the company has been able to differentiate itself with its trendy merchandise, stylish design, and commitment to social responsibility, and has remained a popular destination for shoppers of all ages.
Who is Walmart’s biggest competitor?
Many people would point to Target. Target is a retail giant located primarily in the United States, and has been competing with Walmart for years. While Target may be the company most commonly thought of, Amazon has quickly become one of Walmart’s staunchest rivals.
Formerly an online-only retailer, Amazon has branched out into traditional brick-and-mortar stores, which has ramped up the competition even further. Some experts say that when it comes to which company will come out on top long term, only time will tell.
What is a similar company to Walmart?
Similar to Walmart, Target is a retail giant that sells a wide range of products from clothing and electronics to grocery items. Similarly, Costco is another type of store that offers a selection of groceries and other everyday items, but specializes in bulk purchases to capitalize on the savings associated with buying multiple packages.
Lastly, The Home Depot is known for their construction materials and home goods, similar to what you would find in the larger Walmart stores that carry such items. These three companies offer shoppers numerous options when it comes to shopping for all sorts of products at great prices.
What are some indirect competitors of Walmart?
At a local level, department stores like J.C. Penney or Kohl’s offer similar merchandise to some of the items found at Walmart. Even dollar stores like Dollar Tree or Family Dollar have started offering more food and staple items to compete with Walmart’s low prices and high selection.
Online retailers like Amazon are also providing stiff competition; not only are they often able to match prices, but fast shipping times and convenience make them attractive options to shoppers looking for good deals.
What industries does Walmart compete in?
Walmart sells goods such as food, clothes, home decor, electronics, sports equipment and more at their countless stores around the world, making them a strong contender in multiple markets. They also take part in sectors like e-commerce to compete with online retailers, as well as offer services such as mobile phone plans and financial products.
What are stores like Walmart called?
Big box retail. Big box stores are exactly what they sound like—gigantic retail superstores with something on offer for everyone. They tend to specialize in consumer goods such as food, clothing, electronics, appliances, and more. Not only do they typically carry a wide variety of items at competitive prices, but their huge warehouse-style layout also makes them ideal for customers who want to knock out their shopping in one go! With its enormous selection of products and an assortment of larger-than-life discounts, Walmart is the classic example of a big box retailer.
What stores compare to Walmart?
For those looking for an alternative to Walmart, there are a few options that you can explore. Target is a big-box retailer similar to Walmart, but they tend to emphasize more stylish clothing, as well as kitchenware and furniture. Trader Joe’s specializes in organic and health food products and discerning palates might prefer their selection over Walmart. Lastly, for any specialty or hard-to-find items, a local store may be the best option – many cities have rich shopping districts where you can find unique and interesting items from all around the world!
What are 3 competitors of Walmart?
The three competitors to Walmart are Target, Costco and Amazon. These three retailers all have vastly different audiences and strategies when it comes to shopping. Target has been successful at attracting a younger demographic while still offering comparable prices to Walmart. Meanwhile, Costco provides access to high-quality goods at relatively low prices on a membership basis.
And Amazon, with its wide array of products, presents an attractive shopping alternative with the convenience of online ordering. While these competitors may pose a challenge to Walmart as they seek market share, they also provide customers with a range of choices that can help make every shopping experience unique.
Walmart similar companies: Wrap up
These are just some of the top Walmart alternatives that you can check out if you’re looking for a different shopping experience or just want to explore some other options.
From home improvement stores like Home Depot to grocery chains like Whole Foods, there’s no shortage of places to shop for everything you need. Whether you’re looking for electronics, clothing, or just some groceries, the stores on this list offer a wide range of products to choose from.
20 Cool Skills to Learn and Level up Your Life
The best thing about life is that there are no limits to what you can learn. If you want to...
50+ Best Gifts for Small Business Owners
Running a business isn’t easy. All business owners are grateful for the help from their friends and family. If you...
16 Amazon Leadership Principles for Success in Business
Amazon is one of the most successful companies in the world. They had a revenue of $514 billion in 2022....
11 Best Sales Books for Beginners: Master the Art of Selling
We’re reader-supported. When you buy through links on our site, we may earn a commission at no cost to you....
50 Powerful and Inspirational Quotes for Small Businesses
Running your own small business can be tough, but it’s also incredibly rewarding. There are so many challenges and obstacles...
The 8 Best Invoicing Software for Freelancers
Invoicing software is a tool that helps freelancers create and send invoices to their clients, track payments, manage expenses, and...
What does WIIFM mean (and why is it important?)
WIIFM is a term used in marketing and advertising to describe what the audience will get out of using or...
business11 months ago
What does WIIFM mean (and why is it important?)
Human Resources3 months ago
20 Cool Skills to Learn and Level up Your Life
Leadership6 months ago
16 Amazon Leadership Principles for Success in Business
business4 months ago
The 48 Laws of Power List: Controversial Laws for Influence
business8 months ago
200 Creative Online Shop Names and How to Choose the Right One
marketing7 months ago
The 10 Most Common Logical Fallacies in Advertising and How to Spot Them
business3 months ago
RRP Meaning: What is it And How to Set the Right Price in Retail?
business5 months ago
50+ Best Gifts for Small Business Owners