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NRF releases 2023 Top 100 Retailers list

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Walmart holds top position with in second.

NRF releases 2023 Top 100 Retailers list

WASHINGTON – The National Retail Federation today released its annual list of the Top 100 Retailers, compiled by Kantar, a global marketing data, insight and consultancy company. The 2023 Top 100 Retailers ranks the industry’s largest companies according to domestic sales.

NRFLongtime No. 1 Walmart held its top position with $499.65 billion in U.S. retail sales in 2022. is in second with sales of $232.46 billion, followed by Costco Wholesale ($164.15 billion), The Kroger Co. ($147.62 billion) and The Home Depot ($145.94 billion).

Among the top 10, there were some slight shifts: Kroger (No. 5 to No. 4); The Home Depot (No. 4 to No. 5); Target (No. 7 to No. 6); CVS Health Corporation (No. 8 to No. 7); and Walgreens Boots Alliance (No. 6 to No. 8).

“Collectively, retailers were consistent across the board last year because most everybody grew, and at more or less the same rate,” Kantar Senior Vice President David Marcotte said. “The dynamic category to watch is big box, particularly as customers become more comfortable with the value proposition of membership fees.”

One notable jump is Signet Jewelers, which continued its growth trajectory by moving 10 spots on the list to No. 56. Additionally, international investment in the U.S. is increasingly noticeable. For example, Grupo Comercial Chedraui’s acquisition of Smart & Final Holdings Inc., which ranked No. 93 last year, has landed the company at No. 57 this year.

The Top 100 Retailers are ranked by past 52/53-week annual retail sales; in almost all instances, sales used to rank companies are for retail activity in the United States only.

See more on the methodology, get answers to frequently asked questions and explore NRF’s complete Top 100 Retailers list here.

For additional insights, visit NRF’s 2023 Top 50 Global Retailers and 2022 Hot 25 Retailers lists.


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