In this article, we discuss the 5 biggest discount store companies in the world. If you want to see more such companies, go directly to 10 Biggest Discount Store Companies in the World.
5. The TJX Companies, Inc. (NYSE:TJX)
Market cap: $90B
T.J. Maxx (NYSE:TJX) is an American discount store selling things at a lower price compared to other retail outlets. Nike, Ralph Lauren, Calvin Klein, and Jones New York are just a few of the well-known brands which can be found here.
4. Costco Wholesale Corporation (NASDAQ:COST)
Market cap: $231B
Costco (NASDAQ:COST) is a chain of warehouse and wholesale clubs in the United States that sells large amounts of goods at steep discounts to customers who pay a yearly membership fee.
3. The Home Depot, Inc. (NYSE:HD)
Market cap: $320B
The Home Depot (NYSE:HD) is one of the world’s largest retailers of home improvement products, and it operates stores in the United States, Canada, and Mexico.
Every product category at the company store is able to generate a profit from its long-term investments in e-commerce, and delivery. In each of the 2,316 locations across North America where they conduct business, they place a high level of importance on their investors, customers, employees, and local communities.
2. Walmart Inc. (NYSE:WMT)
Market cap: $407B
Walmart Inc. (NYSE:WMT) makes it simple for customers worldwide to cut costs and enhance their quality of life, whether they shop at one of the company’s store locations online or on their mobile devices. Every week, over 230 million individuals go online to shop at Walmart’s e-commerce website and visit more than 10,500 stores and clubs operating under 46 banners in 24 countries.
1. Amazon.com, Inc. (NASDAQ:AMZN)
Market cap: $960B
Amazon (NASDAQ:AMZN) has spent the past two years in hyperdrive, expanding its network and hiring over 800,000 workers in an all-out effort to meet the skyrocketing demand from isolated customers. It has been done to meet the rising expectations of Amazon’s (NASDAQ:AMZN) shareholders. After the pandemic, annual sales of Amazon (NASDAQ:AMZN) increased by around 70%, reaching $470 billion in 2022.
Amazon’s (NASDAQ:AMZN) physical stores continue to hold a dominant position in the retail industry. They still account for 60%-70%% of all retail sales. The JWO technology developed by Amazon makes online buying easier and more convenient.
According to the information provided on Amazon’s (NASDAQ:AMZN) website, the company currently has 96 traditional retail locations and seven temporary stores within shopping malls under its own brand. Amazon (NASDAQ:AMZN) is therefore, one of the world’s leading discount retail stores companies presently.
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