In this article, we will take a look at some of the biggest discount store companies in the world. If you want to read about the state of the discount store industry and some other such companies, go to 10 Biggest Discount Store Companies in the World.
5. Dollar Tree, Inc. (NASDAQ:DLTR)
Market Cap – $34.99 Billion
Dollar Tree, Inc. (NASDAQ:DLTR), one of the fastest growing companies with more than 16, 075 stores operating in the US and Canada, ranked 5th in the list of biggest discount store companies in the world.
The stores carry food, fashion accessories, toys, clothing, health and beauty aid, seasonal items, and durable housewares. Moreover, most of the goods at Dollar Tree Inc. (NASDAQ:DLTR) shops are priced at $1.25 or less. The stores are mostly located in malls and high-traffic areas and often in small towns and mid-sized cities. For the fiscal year ended January 31, 2022, the revenue for Dollar Tree, Inc. (NASDAQ:DLTR) was $26 billion and the profit for the company was $1.3 billion.
4. Dollar General Corporation (NYSE:DG)
Market Cap – $56.03 Billion
Dollar General Corporation (NYSE:DG) is an American discount store company with stores operating in more than 16,000 locations across 44 states in the U.S. According to Fortune there was an increase in Dollar General Corporation’s (NYSE:DG) business during pandemic in which high unemployment and weak economy helped country’s discount stores to expand their operations. Research done by Coresight states that Dollar General Corporation (NYSE:DG) opened 1035 new stores in the U.S. in 2021. Dollar General (NYSE:DG) stores are typically below 10,000 square feet which certainly means that they can fit more easily into local areas as compared to Target and Walmart. For the fiscal year ended January 31, 2022, the revenue for Dollar General Corporation (NYSE:DG) was $34,220.4 million, the profit for the company was $2 billion, and its market cap was $56.03 billion.
3. Target Corporation (NYSE:TGT)
Market Cap – $65.581 Billion
Target (NYSE:TGT) is a discount store company with stores in 50 states of the U.S. and the District of Columbia. 75% of the population of the U.S. has a Target (NYSE:TGT) store within 10 miles of where they live. The company provides electronics, dry grocery, frozen items, dairy, perishables, apparel, home décor products, seasonal offerings, accessories, food, household essentials, and beauty products. Target (NYSE:TGT) stores also provide in-store amenities such as Starbucks, Target Café, other food serving offerings, and Target Optical. The company has approximately 2000 operational stores as of March 09, 2022.
2. Costco Wholesale Corporation (NASDAQ:COST)
Market Cap – $208.334 Billion
Costco (NASDAQ:COST) is a membership-only discount store company operating above 800 big-box stores worldwide with over 99 million membership-card holders. Costco (NASDAQ:COST) has its private label and sells items such as water, food, alcoholic beverages, beauty items, and health items under its name at Costco (NASDAQ:COST) stores. Costco (NASDAQ:COST) outperforms competitors through operational efficiency and cost-cutting. Costco (NASDAQ:COST) has a strategic operating model that helps them to enable a no-frills retail approach and utilize economies of scale to provide low prices to its members. Cost-cutting operations strategy helps Costco (NASDAQ:COST) to provide industry-low prices and value to its customers. Moreover, the high member retention rate for the memberships of Costco (NASDAQ:COST) has provided them with enough funds to open new stores and expand their e-commerce market.
1. Walmart Inc. (NYSE:WMT)
Market Cap – $332.789 Billion
Walmart Inc. (NYSE:WMT) is a discount retailer operating around 10,500 stores and clubs and e-commerce websites in 24 countries. Apart from Walmart (NYSE:WMT) discount stores they also operate Sam’s Club which helps small businesses to save money on bulk purchases. They operate around 600 clubs in the U.S. and around 200 internationally.
Walmart (NYSE:WMT) ranks 1st in the list of the biggest discount store companies in the world because they stay ahead of the competition. They keep a track of the prices offered by competitors and if the prices are the same or lower than Walmart (NYSE:WMT) they cut their prices up to 5%. Walmart (NYSE:WMT) is creating a seamless and user-friendly experience for customers so that they can shop anything anytime through their stores or website. The main aim of Walmart (NYSE:WMT) is to focus on its strategy, Every Day Low Price (EDLP). Today customers demand convenience and low prices and Walmart (NYSE:WMT) fulfills that by providing everything under one roof and focusing on EDLP.
