The National Retail Federation released its annual list of the Top 100 Retailers, compiled by Kantar. The 2026 Top 100 Retailers ranks the industry’s largest companies according to 2025 U.S. retail sales. As the largest retailers continue to expand outside of retail revenues, this list focuses only on retail-specific revenues and not overall organizational revenue.
“Despite significant economic challenges over the past year, this year’s Top 100 Retailers list highlights a resilient group of companies,” NRF Chief Economist and Executive Director of Research Mark Mathews said. “They are adapting to meet changing consumer needs and leaning into new strategies and formats that set them apart.”
Meet the Top 100 Retailers
Walmart leads again as the top retailer with U.S. retail sales of $579.99 billion and 4.2% sales growth in 2025. Amazon follows for the No. 2 spot with U.S. retail sales of $293.85 billion, up 7.3% in 2025. The top five is rounded out by Costco Wholesale ($198.73 billion), The Kroger Co. ($154.74 billion) and The Home Depot ($141.12 billion).
The only movement this year in the top 20 is spot No. 19, where Ace Hardware ($27.55 billion) replaced Dollar Tree ($18.93 billion), which dropped to No. 29 after shedding Family Dollar and posting a 38.1% year-over-year sales decline.
“Companies are doing quite well,” Kantar Senior Vice President of Global Insights and Technology David Marcotte said. “We’re not seeing movement at the top of the rankings, but there is change outside of the top 20 as the mid-tier companies evolve and grow. And it’s much easier to do that in this environment than it was 20 years ago.”
Related Article: Top 100 Retailers 2025: NRF & Kantar
Key findings include the strong performance of regional grocers, with Publix Supermarkets (No. 12) and H.E. Butt Grocery (No. 16) expanding faster than some larger competitors. Discount retailers are also gaining traction, including TJX Companies (No. 15), with the strength of their apparel business and a broader mix of mid-priced offerings. In addition, smaller hardware and home improvement retailers such as Ace Hardware (No. 19) and True Value Co. (No. 67) are performing strongly, driven by sustained demand from consumers focused on home maintenance and smaller-scale projects. Lastly, DICK’S Sporting Goods jumped to No. 27 (up from No. 35 last year), driven by its strategic decision to acquire Foot Locker which led to a 48.5% increase in U.S. sales.
The Top 100 Retailers are ranked by past 52/53-week annual retail sales. In almost all instances, sales used to rank companies are for retail activity in the United States only.
Click here to view the full 2026 Top 100 Retailers list.