Friday, January 27, 2023

These Are the 10 Biggest Retailers on Wall Street

Retail companies are responsible for selling goods and services to consumers ranging from clothing, jewelry or appliances to food and beverages. Despite being badly hit by the COVID-19 pandemic, the retail industry has taken off thanks to e-commerce, and aims to continue growing in 2023.

Traditionally, retail companies have sold their products and services through physical outlets, whether through department stores, warehouses, convenience stores, supermarkets, or other types of outlets. But many retailers are selling products online through websites, Internet marketplaces and mobile apps.

This progress is reflected in the sector leaders who have empowered their business units to lead the digital age and know their customers better. but, Who are the biggest retailers? In this note we will list the top 10 on Wall Street, the largest financial district in New York City and the world.

Read also: These Are The Top 10 Predictions For The Retail Sector In 2023

This list is made up of the 10 largest firms listed on Wall Street (NYSE and NASDAQ) by revenue over the past 12 months, as shared by Investment Strategy Portal.

10. Lowe’s

Lowe’s is a home improvement company that operates a chain of retail stores in the United States and Canada. The company was founded in 1946 and is headquartered in Mooresville, North Carolina.

It is the second largest home improvement retailer in the United States after Home Depot. Lowe’s offers a wide range of home improvement products including tools, equipment, hardware, lumber and building materials. It also offers installation services for products such as roofing, siding and flooring, as well as repair and maintenance services through the MyLowe’s program.

Tienda Lowes

At the end of this note, Lowe’s is trading at $197.68 per share.

  • Revenue: $96.0 billion
  • Net income: $6.7 billion
  • Market capitalization: $122.4 billion
  • 1 Year Cumulative Total Return: -16.5%

9. Goal

Target sells general merchandise online and in stores located primarily in the US, Canada and Latin America. Established in 1962 in Minneapolis, it is a chain of department stores.

Offers a variety of general and curated items as well as perishable items, dry groceries, dairy, and frozen items at low prices. Some of their brands include Archer Farmers, Pillowfort, Wine Cube, and Simply Balanced.

These Are The 10 Biggest Retailers On Wall Street

The target is trading at $151.40 per share.

  • Revenue: $108.7 billion
  • Net income: $3.5 billion
  • Market capitalization: $65.5 billion
  • 1 Year Cumulative Total Return: -34.0%

8. Alibaba

Alibaba is a Chinese multinational conglomerate that specializes in e-commerce, retail, internet and technology. Founded in 1999, it is one of the world’s largest online and mobile commerce companies, as well as one of the largest Internet and artificial intelligence companies.

Alibaba’s mission is to make it easy to do business anywhere and the company’s businesses include: consumer-to-consumer (C2C) retail website Taobao, business-to-consumer (B2C) retail website Tmall, and the platform the world’s largest third- favor online and mobile payment service, Alipay. Alibaba’s 2014 initial public offering (IPO) was the world’s largest IPO ($25 billion) at the time.

These Are The 10 Biggest Retailers On Wall Street

Alibaba is trading at $91.28 per share.

  • Revenue: $131.4 billion
  • Net income: $2.3 billion
  • Market capitalization: $232.5 billion
  • 1 Year Cumulative Total Return: -28.6%

7.Walgreens Boots Alliance

Walgreens Boots Alliance has been providing pharmacy services since 2014 primarily in the United States and Europe. It should be noted that it is an American-British-Swiss holding company headquartered in Deerfield, Illinois. Within the US, the company operates pharmacy-led retail businesses under the Walgreens and Duane Reade brands.

Internationally, the company operates retail stores selling products under brands such as Number 7, Boots Pharmaceuticals, Botanics, Liz Earle and Soap & Glory. It also runs a wholesale business that supplies medicines, other health care products and related services to physicians, health centers and hospitals.

These Are The 10 Biggest Retailers On Wall Street

Walgreens Boots is trading at $36.98 per share.

  • Revenue: $132.7 billion
  • Net income: $4.3 billion
  • Market capitalization: $33.4 billion
  • 1 Year Cumulative Total Return: -19.1%

6. Hook

Kroger has operated supermarkets, department stores, jewelry stores, and convenience stores in the United States since 1883. Its brands include Big K, Pick-n-Save, Heritage Farms, Simple Truth and Simply Truth Organic. In addition, the company manufactures and processes some of the food items sold in its supermarkets.

It is considered the second largest supermarket in the US in this category, behind only Walmart. In October 2022, announced the purchase of Albertsons, the fourth largest, which together will capture over 16% of the grocery market. The merger is under evaluation and subject to investigation by the Federal Trade Commission.

These Are The 10 Biggest Retailers On Wall Street

Kroger is trading at $44.34 per share.

  • Revenue: $146.5 billion
  • Net income: $2.4 billion
  • Market capitalization: $31.8 billion
  • 1 Year Cumulative Total Return: 3.3%

5. JD.com

JD.com, also known as Jingdong, internationally known as Joybuy, and formerly known as 360buy, is a Beijing-based Chinese e-commerce company. Established in 1998.

It is an e-commerce retailer that sells electronics and general merchandise, including audio, video and book products. In addition, the company offers an online marketplace where third-party sellers sell products to customers primarily through their websites and mobile apps. The company also sells logistics services, technology services, foreign trade, insurance and O2O.

These Are The 10 Biggest Retailers On Wall Street

JD.com is trading at $57.13 per share.

  • Revenue: $156.9 billion
  • Net income: $254 million
  • Market capitalization: $91 billion
  • 1 Year Cumulative Total Return: -18.9%

4. Home Depot

Home Depot operates hardware stores that specialize in the sale of building materials and home improvement products. As we mentioned, it is the main retailer in this segment, it was founded in 1978 in Marietta, Georgia.

Its stores are primarily located in North America. The company sells a wide variety of supplies and accessories for the home, lawn and garden. In addition, it provides various services including installation services as well as tool and equipment rental.

These Are The 10 Biggest Retailers On Wall Street

listed on home depot 314.93 dollar per share.

  • Revenue: $157.3 billion
  • Net income: $17.1 billion
  • Market capitalization: $325.5 billion
  • 1 Year Cumulative Total Return: -16.2%

3. Costco Wholesale

Costco Wholesale primarily operates membership retail warehouses in North America and select locations in Asia and Latin America. Since its creation in 1976 (Seattle, Washington), it has more than 800 stores to date, with the first one being Professionals.

Through its subscription-based business model, it is the largest exponent of the wholesale segment. The company offers a wide variety of products, including packaged foods and other groceries, auto supplies, toys, hardware, sporting goods, jewelry, electronics, apparel, and health and beauty aids. It also provides gas station and pharmacy services.

These Are The 10 Biggest Retailers On Wall Street

Costco is trading at $449.26 per share.

  • Revenue: $231 billion
  • Net income: $5.9 billion
  • Market capitalization: $205.1 billion
  • 1 Year Cumulative Total Return: -14.7%

2. Amazon

Amazon is the king of e-commerce retailers, having grown from selling books in Washington in 1994 to a wide range of products and services on a global scale. Its growth has led it to develop its technology and various applications for various sectors such as entertainment and data in the cloud, apart from the retail sector.

In addition, the company manufactures and sells Kindle e-readers, Fire tablets, Fire TV, and electronic devices such as Echo and Alexa. In turn, it has its own physical line under its subsidiary Whole Foods Market Inc., where it sells groceries.

Amazon

Amazon is trading at $84.81 per share.

  • Revenue: $502.2 billion
  • Net income: $11.3 billion
  • Market capitalization: $885.2 billion
  • 1 Year Cumulative Total Return: -49.1%

1. Walmart

Undeniably, Walmart is the biggest exponent of the retail industry since its birth in 1962 in this Arkansas city. It is involved in both retail and wholesale trade, selling a wide variety of goods and services at low prices in stores around the world and online.

The company sells a nearly limitless variety of products, including apparel, household goods, small appliances, electronics, home improvement, jewelry, sports, household essentials, and pharmaceuticals. Walmart services include product warranty, auto care, registration and drug services.

Walmart

Walmart is trading at $142.70 per share.

  • Revenue: $600.1 billion
  • Net income: $9.0 billion
  • Market capitalization: $391.5 billion
  • 1 Year Cumulative Total Return: 5.6%

Read also: Meet the world’s top 50 retailers in 2022

Nation World News Desk
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