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Biggest Walmart Competitors in 2023

There is no doubt that Walmart is a retail giant. But with the rise of internet shopping, big box stores are starting to feel the heat.

To survive, businesses have to be able to adapt and grow with the times. For Walmart, that has meant taking on new competition in an ever-changing retail market. That’s why I decided to take an in-depth look at some of the biggest Walmart competitors and explore why they might be a threat to its dominance. 

So, whether you are a fan of the superstore or not, it is worth taking a closer look at its companies!

The History Of Walmart

The History Of Walmart

Walmart was founded in 1962 by Sam Walton. The company started as a small chain of stores in Arkansas before eventually expanding to include locations all over the United States. Walmart quickly became known for its low prices and a vast selection of products. 

They also began to experiment with new business models, such as opening up smaller stores to compete with convenience stores.

Walmart goes international…

In the 1980s, Walmart began to open up stores outside of the United States. They also started to focus more on becoming a one-stop shop for customers, offering groceries and other items in addition to general merchandise. This strategy has helped them to stay ahead of the competition and maintain its position as the world’s largest retailer.

Walmart’s Net Worth

As of 2020, their net worth is estimated to be $548.743 billion. This makes them one of the most valuable companies in the United States, along with companies like Amazon, Tesla, and Apple. They were also listed on the Forbes global 2000 as the 18th most powerful company in the world.

Read more: How Does Walmart Pickup Work?

25 Biggest Walmart Competitors And Why They Posed A Threat

1 Amazon.com

This online retailer offers low prices and a vast selection of items, just like Walmart. But what sets Amazon apart is the convenience of its shopping experience.

 Customers can order items with just a few clicks and have them delivered to their doorsteps. They also offer Prime, a membership program that provides free shipping and other benefits. Amazon is worth $321,195 billion as of 2020, making it one of the most valuable companies in the world.

2 Alibaba

This Chinese company is often compared to Amazon. Like Amazon, Alibaba offers low prices and a convenient online shopping experience. However, Alibaba focuses on the Chinese market. The company has been incredibly successful in China and is now worth an estimated $420 billion. They also boost over 15million products for consumers to choose from.

3 Costco

Operating since 1983, Costco is a membership-based store that offers low prices on groceries and general merchandise. The company has been successful in taking on Walmart in the United States. As of 2019, Costco is worth $102 billion and has over 700 stores worldwide.

4 Target

Target

Once known as a humble discount retailer, Target has since transitioned to becoming a more upscale store. They offer competitive prices on groceries and general merchandise, and their products are often raved about in the media. They also have a convenient online shopping experience. 

Target is worth $67 billion as of 2019 and has over 1,800 stores in the United States.

5 Kohl’s

With over 1,100 department stores across the United States, Kohl’s can hold its own against Walmart. Along with its $10 billion net worth. They sell a wide range of products, including clothing, shoes, and home goods. Kohl’s is known for running frequent sales and discounts, which has helped them to compete with Walmart on price

6 J.C. Penney

This company is one of the oldest department stores in the United States, having been founded in 1902. J.C. Penney has over 850 stores across the country and similarly sells a wide variety of products in fashion and home. 

The company has been struggling in recent years and filed for bankruptcy in 2020. However, it is still worth an estimated $1 billion.

7 Sears

Sears is another longtime department store chain in the United States. It was founded in 1886 and once dominated the retail market. But like J.C. Penney, Sears has been struggling in recent years. The company filed for bankruptcy in 2018 and was bought by Eddie Lampert. As of 2019, Sears is worth $3.7 billion.

8 Kroger

Kroger is the largest chain of grocery stores in the United States. The company operates over 2,700 stores and generated $132.5 billion in revenue in 2020. Kroger has been successful in competing with Walmart on price and offers a loyalty program that gives customers discounts on groceries.

9 Home Depot

Founded in 1978, Home Depot is the world’s largest home improvement store. The company has over 2,200 stores and generated $11.2 billion in revenue in 2020. They offer a wide range of products for home improvement, including tools, appliances, and lumber.

10 eBay

Everyone has heard of eBay, the online marketplace where you can buy and sell just about anything. It was created in 1995 and is now worth $29 billion. eBay offers a convenient way to shop for products from the comfort of your own home. It might sound like this company is not a threat to Walmart, but over 100 million people use eBay each month. 

11 Lowe’s

Lowe’s

In 1946 Lowe’s was founded, and they are another large home improvement store chain. They have over 1,700 stores and generated $90 billion in sales in 2020. Customers can find a range of products for home improvement, including tools, appliances, and lumber.

12 Best Buy

With nearly 1000 stores, Best buy is giving Walmart a run for its money. The company specializes in electronics and is worth $22 billion. Their product selection includes TVs, laptops, and cell phones. Best buy is known for its excellent customer service and has been praised for its Geek Squad.

13 Staples

The world’s largest stationary store goes by the name of Staples. The company was founded in 1986 and now boasts over 2,000 stores. While they might not be able to compete with Walmart on price, they offer a convenient way to shop for office supplies. Staples is also known for its excellent customer service. 

Shoppers may choose to go to this store over Walmart for a better overall experience.

14 Albertsons

If you are shopping for groceries, Albertsons is a great alternative to Walmart, and with 2200 stores, there is sure to be one near you. Whilst not as big as Walmart, they have a net worth of $17.5 billion, so this company is nothing to scoff at. 

Albertsons offers a loyalty program that gives shoppers discounts on groceries, and since it was founded in 1939, it has many very loyal customers. 

15 Ikea

Not only does this store sell great furniture, but it is also famously used to test relationships! With over 400 stores in 49 countries, it is safe to say that Ikea is doing something right. The company was formed in 1943 and is worth a humble $37 billion. Ikea is known for its low prices and stylish furniture.

 It is a good alternative to Walmart for those who are looking for quality furniture at a low price.

16 Makro

Looking to buy in bulk? Well, Makro has your back. Founded over 40 years ago and with 800 stores in around 30 countries, they are one of Europe’s biggest names when it comes down to buying large quantities at once! You will find everything from food & drink products like wine or beer alongside electronics such as computers, iPhones, tablets, etc.

17 Aldi

Aldi

Aldi is a German grocery store chain that has over 10,000 stores in 18 countries. The company was started in 1913 and is worth $15 billion. Aldi is known for its low prices and convenient locations. It is an excellent alternative option to Walmart for those who are looking for quality groceries but at a pocket-friendly price.

18 Lidl

Despite the rumors that the founder of Lidl is related to the founder of Aldi, these two companies are not related. Lidl is also a German grocery store chain that has over 10,000 stores in 27 countries. The first shop was opened in 1930 and nowadays they are worth $10 billion. Lidl has well-valued produce that is usually locally sourced.

19 Watsons

Watson’s is a company that has been around since 1828 and now operates over 30,000 stores worldwide. 

They are worth $3 billion thanks to their vast market share in Asia, where they were first introduced as well as slowly expanding into Europe and North America with plans for more than just makeup but also skincare products like hair care or body care items too!

20 Rite Aid

Rite Aid is a pharmacy that has over 4,600 stores in 31 states. They were established back in 1962 and are now worth $8 billion! The company even made it onto Forbes’ list this year with its achievements. 

With tons of products, including prescriptions as well as other miscellaneous goods such as beauty aids or toiletries, they are giving Walmart a run for their money!

21 Sears

You may have heard of Sears before, but did you know the stores are worth $3.5 billion? The company was formed in 1886 and has over 700 stores, so maybe it will not surprise you. They offer a wide range of products, including clothing, appliances, and electronics. 

Sears is an excellent alternative to Walmart for those who are looking for quality products at a reasonable price.

22 Kmart

Kmart is another store that you have probably heard of before. It is owned by Sears and has over 1,200 stores in 49 states. It first opened in 1899 and, over the past 122 years, has built up a net worth of $1.5 billion. Kmart is well-known for its low prices and sells a selection of products, including clothing, toys, and electronics.

23 Tesco

Tesco is a well-known grocery store in the UK that has over 3,000 locations across Great Britain. They also operate 2000 stores overseas which include one million square feet devoted specifically to food processing facilities as well an additional 500 retail shops throughout Europe!

 This company was founded back during World War I when it first started with only five employees total at its headquarters location near London before spreading rapidly afterward due largely because they offered lower prices than other retailers despite having higher margins on sales revenue compared to them. 

24 Sainsbury’s

Sainsbury’s

Another British supermarket, Sainsbury’s, was founded in 1869 and has 1428 stores. It is the second-largest chain with an impressive $23 billion market cap as well! When shopping at this famous store, you can purchase all your groceries for home-cooked meals or even electronics like TV sets without going anywhere else.

25 Giant Eagle

Giant Eagle is a grocery store chain that has over 400 stores in the US. The company was founded in 1931 and is worth $9.6 billion. You can buy anything from food to drink to beauty products there. They also have a pharmacy and a gas station, so you can get everything you need in one stop.

Working At Walmart

Walmart is said to be a great place to work, so why not check out my Walmart Vision And Mission Statement Analysis for further insight into the company. If you like what they’re about, then apply today with my Walmart Application along with the most common Walmart Interview Questions and Walmart Cashier Interview Questions to make sure you’re fully prepared.

If you have a criminal record, then our How Does Walmart Track Shoplifting and Does Walmart Hire Felons has the relative information.

Lastly, if you’d like to know more about the history of Walmart, then take a look at The Wal-Mart Effect: How the World’s Most Powerful Company Really Works–and How It’s Transforming the American EconomyWal-Mart: A History of Sam Walton’s Retail Phenomenon, and The People’s Republic of Walmart: How the World’s Biggest Corporations are Laying the Foundation for Socialism, all available online in 2023.

Biggest Walmart Competitors – Final Thoughts

These are just some of the many companies that offer a great alternative to Walmart

With so many choices, you are sure to find the perfect store for your needs. Whether you are looking for groceries, clothes, or electronics, there is a store on this list that will provide exactly what you are looking for. 

So next time you need to do some shopping, be sure to check out one of these top Walmart competitors

You may be pleasantly surprised!

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About Linda Shepard

Linda is employed by one of the biggest employment agencies in San Francisco and has over 15 years of experience in finding her clients their dream job. She prides herself on being able to match the right person to the right position, which inevitably creates a great working relationship for the employee and the company moving forward.

When she isn't writing articles or working, she enjoys gardening, socializing, and going for long walks on the beach and in nature.

She lives with her boyfriend Carl and their cat, Fluffy.

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