This article covers the top 5 Walmart competitors
Walmart engages in the business of Retail and wholesale runs on the strategy of “Every day low price” to penetrate the market at low price.
It operates in 27 counties, under 55 different names, Ranks 26 on Forbes Lists with 2,200,000 employed in 11,368 stores, holding 10th position of “America’s Largest Public Companies 2018” having a revenue of $469.2B, assets of $219.3B and a profit of $6.7B.
It operates in third business segments Walmart U.S, Walmart International, and Sam’s Club. Walmart U.S consists of Retail Stores, Digital Retail operations, Offers Financial services and related products such as money order, prepaid cards, wireless transfer, check Cashing and Bill payments.
Walmart International is categorized into supercenters, supermarkets, hypermarkets, wholesale, warehouse clubs, retails other operations outside the U.S. Whereas Sam’s Club offers specialty, services, auto buying pharmacy, optical, hearing aids centers, tire and battery centers
Let’s check out who all are the Walmart competitors and how do they fare against Walmart.
The first is the list of Walmart competitors is Amazon.
Amazon was founded in 1994 by Jeffery P. Bezos. Currently, Ranked 4 on the Forbes list of 2019. It caters to Cloud computing, Consumer electronics, Digital distribution, and E-Commerce industries and has a market capital of $916.1B in 2019.
The company employees close to 647,500 people and have a sales value of $232.9B. One of the biggest competitors to Walmart who provides online retail shopping services, It caters end customers through its retail websites with a primary focus on selection, price, and convenience.
Providing facilities to enable its products to be sold by the company and by third parties with many product categories.
Alibaba a conglomerate specialized in E-Commerce, Retail, Internet, and Technology was founded by Yun Ma and Chung Tsai in 1999. It Ranked 59 on the Forbes list of 2019 and is one of the world’s largest E-Commerce and Retailer.
The company employees 66,421 with a market capitalization of $ 480.8B and has a sales value of $51.9B. It hosts B2B, C2C and B2C markets across the world.
One of the biggest competitors who’s online sales and profit has surpassed sales and profit of Amazon, eBay, Walmart, and other U.S retailers
eBay was founded in 1995 in San Jose, by Iranian- American Computer programmer Pierre Omidyar. Originally called “AuctionWeb”.
The company’s operates Marketplace, StubHub and Classified platforms. It Ranked 67 on the Forbes list of 2019 and employs 14000 people having a market capital of $31.5B and a sales value of $10.8B with a profit of $2.5B. It is a customer to customer company where users can communicate and interact with each other on this website.
eBay works on a decentralized network where a user can join or leave at any time and it a competitor to Amazon, Walmart, Google.
Ingvan Kamprad of Sweden founded the company in 1943 “World’s Largest Furniture retailer” who sits on the throne of the world furniture retailing industry and work on the principle of Uniqueness and Cheap price.
IKEA ranked 39 on the Forbes list of 2019 having 20800 employees under it with Brand Value of $15.3B and sales of $45.8B. It has its presence in more than 50 markets and operates 422 stores out of which 70% of them are in Europe.
The best countries of IKEA are U.S and Germany. In the phase of explanation last year (2018) the retailer added 19 stores which includes its first store in India in Hyderabad and is one the competitor to Walmart in the retail industry
Costco headquarters in Issaquah WA was founded in 1983 by James D . Sinegal and Jeffery H. Brothman. It follows a business principal of selling high volumes of merchandise at low prices in a membership-only warehouse club.
Costco ranked 82 on the Forbes list of 2019 having 245000 employees under it with Market Capital of $108.1B, sales of $147.2B and profit of $ 3.4B. It operates warehouse in United State, Puerto Rico, Canada, Mexico, United Kingdom, Japan, South Korea, Taiwan, Australia, Spain Iceland, And France. Costco’s main competition is Walmart’s Sam’s Club and BJ’s a small retail warehouse chain.
This concludes the list of Top 5 Walmart competitors.