Doug McMillon, President and Chief Executive Officer of Walmart, Inc., joined the firm as a regular associate in 1984. He started at the warehouses by picking orders along with unloading trailers. He climbed up the ranks to begin his tenure as CEO in 2014.
He was instrumental in transforming the firm into a people-led, omnichannel retailer with people who help save money for others. Through him, the company created Project Gigaton—an initiative of suppliers set to help cut over 1 billion emissions across the world by 2030.
Besides that, McMillon is a director of the Business Roundtable, the Consumer Goods Forum, and the U.S.-China Business Council.
Doug McMillon: Biography
Name
Carl Douglas McMillon
Born
October 17th, 1966
Nationality
American
Hometown
Memphis, Tennessee
Education
University of Arkansas, (BS), University of Tulsa (MBA)
Born in Memphis, Tennessee, but raised in Jonesboro, Arkansas, Douglas is one of three children. At the age of 16, he moved with his family to Bentonville, Arkansas, and began working for Walmart (incorporated in Bentonville). Douglas loves sports, and in high school, he was his team’s (junior) point guard on the basketball team.
McMillon began his professional career when he joined Walmart, Inc., where he worked as a summer associate offloading trucks coming from the distribution center. After finishing high school, he studied at the University of Arkansas. Two years later, in 1989, he graduated from there with his BA degree.
In 1990, he joined the University of Tulsa to pursue an MBA, while he anticipated joining Walmart after graduating with success. Again, he began his journey with Walmart as assistant manager of a store in Tulsa.
After completing his MBA in the year 1991, he returned to Bentonville, where he joined the buyer-training program. He started working as a fishing tackle buyer and, over time, took on positions that included purchasing and merchandising, managing all segments; food, clothing, furnishings, and crafts. He would serve as a general merchandise manager in Walmart’s wholesale store division, Sam’s Club, and then take charge of the electronics, toys, and sporting goods lines of business.
Doug’s role at Sam’s Club (2005–2009)
In 2005, they promoted Douglas to be the president and CEO of Sam’s Club. He focused on marketing the brand to small business owners. Also, he added what the Wall Street Journal called “treasure hunt” items, such as limited-selection premium items like vacations and diamond necklaces for sale along with cheap bulk items to compete with Costco.
Doug’s Role in Walmart International (2009–2013)
Walmart management promoted McMillon in February 2009 to head the Walmart International division to replace Mike Duke. Under his leadership, Walmart International concentrated on revamping its current markets in the UK, Canada, China, and the Americas. One area that McMillon focused on was integrating Walmart’s low rates into its international market.
It was under Doug’s leadership that Walmart bought major stakes in South Africa’s Massmart Holdings Ltd. for $2.4 billion. Under McMillon’s guidance, Walmart International grew faster than Walmart USA and accounted for 29% of the total countrywide sales.
CEO Role at Walmart (2014 to date)
On November 25, 2013, Walmart announced McMillon’s elevation to the Board of Directors, and he succeeded Mike Duke as the CEO of Walmart on February 1, 2014. He assumed office at a moment when the competition was rising from players like Amazon, Costco, Safeway, Kroger, Dollar General, and Dollar Tree, among others.
One of the biggest changes Doug brought about was the rise in wages for hourly workers in the U.S. This move, according to McMillon, would lead to happier workers who would, in turn, provide better customer service.
In 2015, McMillon stated that Walmart would invest $2.7 billion in terms of associate wages, benefits, and training. During his tenure, they increased the wage rate from $9 an hour to $10 an hour. In 2016, he stated raises for employees involving short-term disability benefits for full-time workers and also revised paid time off.
Doug McMillon: Personal Life
Douglas and his wife, Shelley, have been married for many years, and they have raised two sons together. He is a born-again Christian by faith and currently resides in Bentonville, Arkansas.
Douglas has also spearheaded the political strategies for Walmart, Inc. He recently issued a statement urging Arkansas Governor Asa Hutchinson to veto the religious freedom bill from last year (2015). The report by him stated that the religious freedom bill “threatens to undermine the spirit of inclusion present throughout the state of Arkansas and does not reflect the values we proudly uphold.”
In 2015, he revealed that the company would not sell Confederate merchandise after the shooting of nine African American churchgoers in Charleston, South Carolina. The business also altered the sale of guns to include only guns designed to suit sport shooters and hunters. The company ended the sale of military-style semi-automatic weapons.
He has been a member of the business group that President Donald Trump set up in 2016 to consult with him on policy matters related to the economy. He also denounced the way President Trump addressed violence at a white nationalist rally in Charlottesville, Virginia, in 2017. He did it through an email to all of the employees.
Over the course of 2019, McMillon bolstered their arms and ammunition policies. And he said that Walmart would no longer sell ammunition for handguns and military weapons. It originates from the mass shooting at one of its stores in El Paso, Texas.
Received for his work on the “Welcoming Immigrants” campaign and education initiative on COVID-19 vaccinations.
3. Honored at the Junior Achievement of Arkansas Hall of Fame Gala for his positive influence on:
Business
Education
Community
Doug McMillon: Trivia
Helped acquire majority stakes in South Africa’s Massmart Holdings Inc. for $2.4 billion.
Increased international stores from 3,300 outlets in 14 countries to 6,300 outlets in26 countries.
Douglas appears on Forbes’ World’s Most Powerful People List for 2014, 2015, and 2016 in positions #29, #32, and #27, respectively.
Doug McMillon: Key Highlights
Under McMillon’s leadership, Walmart has undergone significant transformations that focus more on sustainability, global expansion, and technological innovation.
1. Technology Integration:
Walmart is investing heavily in generative AI to improve its overall customer experience and optimize its supply chain operation.
He emphasized the latest retail strategies that highlight integrating AI to transform both operations and customer engagement.
2. Sustainability Initiatives:
McMillon championed Walmart’s environmental effort to reduce 10% reduction in carbon emissions across its supply chain in 2024. They also expanded the use of biodegradable packaging.
3. Expansion and Market Focus:
Walmart is strengthening its global presence in major markets such as India and Africa. One of their key moves includes gaining major stakes in Flipkart.
4. Healthcare and eCommerce:
Walmart’s healthcare division includes mental health services and telemedicine and has generated over $5 billion in revenue. He also advanced eCommerce capabilities and invested heavily in online operations to introduce Walmart+ subscription.
American retail giant Walmart said on 19 November that its third-quarter foreign sales were boosted by Flipkart’s ‘Big Billion Days’ sales event in India. Walmart, which uses a fiscal year that runs from February to January, recorded sales of $31.5 billion from its overseas division, representing an increase of 12.4% in constant currency.
According to Walmart’s earnings announcement, the timing of Flipkart’s The Big Billion Days (BBD) event helped growth in Q3 and will have an effect on growth in Q4. Walmart International, which has operations in 18 countries outside of the US, including India, reported that Flipkart, Walmex (Mexico), and China were the top three nations in terms of sales growth.
Details of Q3 Sales’ Growth
Walmart International stated that marketplace and store-fulfilled pickup and delivery were the main drivers of the 43% increase in e-commerce sales in the third quarter. Furthermore, it stated that Flipkart spearheaded the 50% growth in Walmart International’s advertising division. For the 2024 festive season, Flipkart’s Big Billion Days sales event began on September 26 and ran through October 6.
However, Walmart also stated that the scheduling change of Flipkart’s The Big Billion Days (BBD) sales event, which was held earlier, “partially offset” its overall gross profit. The Flipkart Big Billion Days sale in 2023 ended on October 8 and ran through October 15.
Gross Profit Rate and Overall Performance of the Company
Compared to the same period last year, the company’s gross profit rate increased to 24.2% for the quarter. Walmart said that the schedule change of Flipkart’s BBD sales event largely negated the increase. In the meantime, the shift in BBD scheduling caused Walmart International’s gross profit rate to drop by 85 basis points. Growth in Q3 benefited from Flipkart’s BBD event timing, while growth in Q4 will be impacted.
Flipkart reported last month that it received 7.2 billion visitors during this year’s festive season. It further stated that over the festive season, vendors saw a 40–50% YoY increase. In the third quarter, Walmart’s operating income was $6.7 billion. This was a 14% decrease from the $7.9 billion in the previous quarter, but an 8% gain over the $6.2 billion in the previous year. Flipkart is currently trying to reduce its losses and strengthen its top line. In the fiscal year 2023-24 (FY24), Flipkart Internet, the company’s marketplace division, reported a 41% YoY decrease in its net loss to INR 2,358 Cr. Over the course of the year, its operating revenue increased by 21% to INR 17,907.3 Cr.
In 2018, Walmart paid $16 billion to acquire a 77% controlling stake in Flipkart. After that, it increased its ownership and currently holds more than 80% of the largest e-commerce company with its headquarters in Bengaluru.
Alice Louise Walton was born in Newport Arkansas on October 7th, 1949, and grew up in Bentonville where her father founded the Walmart empire. She is the youngest of four siblings including S.Robson Walton, Jim Walton, and John Walton, and is the only daughter of the retail giant.
With her economics degree in hand, she embarked on her journey, as an equity analyst and fund manager. She founded an investment bank where she held the positions of president, chairwoman, and CEO.
Alice Walton is recognized not for her expertise and business skills but also for her generous donations, towards supporting art programs as well as education and healthcare initiatives that aim to improve economic opportunities, for many.
Alice Walton is making waves in fields; leading an investment bank and contributing to groundbreaking advancements in medicine; reshaping the perception of billionaires incrementally, with every dollar she invests or donates.
Alice Louise Walton – Biography
Name
Alice Walton
Born
October 7, 1949
Nationality
American
Hometown
Newport, Arkansas
Education
Trinity University
Parents
Sam Walton (Father) and Helen Walton (Mother)
Siblings
Rob Walton, John Walton, Jim Walton
Net Worth
$94.2 Billion (as of November 2024)
Known for
Heiress to the Walmart fortune, World’s Wealthiest Woman (2024)
Born to Sam and Helen Walton, Alice was raised with her three brothers in Bentonville, Arkansas. She completed her high school education in 1966 from Bentonville High School and went on to get her BA in economics from Trinity University.
Alice Walton – Career
Alice started her career as an equity analyst and money manager for First Commerce Corporation. After which she went on to head the entire investment portfolio at Arvest Bank Group. She also had a brief stint as a broker for EF Hutton. Her actual career break came in 1988 when she founded the Llama Company, an investment bank. Sadly, the company folded in 1998 due to the bond market crash.
Alice’s personal life remains shrouded in mystery with information except, for what the tabloids have shared about her past marriage to a well-known investment banker, from Louisiana, which ended in divorce after just two and a half years.
Regrettably, Alice’s past includes a series of car crashes—one of them turned fatal back, in 1983 when she lost control of her Jeep and veered into a ravine, to Acapulco resulting in a leg that required airlifting out of Mexico and multiple surgeries since then she continues to endure persistent leg pain.
Again in April 1989, Alice struck and killed 50-year-old Oleta Hardin. But no charges were filed. In 2021, she was arrested for a DWI in Parker County, Texas. Unfortunately, the arresting officer was suspended and the DA let the statute of limitations for the charges to expire.
Alice Walton – Political Motivations
Alice Walton was one of the largest individual contributors in the 2004 elections where she donated $2.6 million to the Conservation Progress for America Group. In 2012, she contributed over $200,000 to the Restore Our Future campaign, associated with Mitt Romney. In 2016, she donated $353,400 to the Hillary Victory Fund to support Hillary Clinton’s campaign.
Alice Walton – Association with Art
Alice Walton – Association with Art
Alice is an avid lover of Art, and as stories go, she purchased a print of Picasso’s Blue Nude at only 10 years of age. In 1980 she purchased her first-ever artwork, two Winslow Homer watercolours.
Following is the list of some pieces she purchased:
December 2004 – Collection of Daniel and Rita Fraad
2005 – Aher Brown Durand’s Kindred Spirits for $35 million
2009 – Norman Rockwell’s Rosie the Riveter for $4.9 million
Some other artists’ works she owns are:
Paintings by Winslow Homer and Edward Hopper
Portrait of George Washington by Charles Willson Peale
Smoker #9 by Tom Wesselmann
Georgia O’Keeffe
Mark Rothko
Kehinde Wiley
Titus Kaphar
Alice’s love for art led to the Walton Family Foundation building the Crystal Bridges Museum of American Art. Built on 120 acres of Walton land, the museum opened its doors in 2011 and has had more than 13 million visitors as of 2024. Alice made sure that the museum was free for all, as she wanted to give people the opportunity to view art.
Alice Walton – Philanthropic Works
The Walton family is associated with multiple philanthropic institutions, one of the biggest being the Alice L. Walton Foundation. Founded in 2017, the foundation has expanded into art, education, health, and the economy as well. The foundation has supported the following:
2020 – The University of Central Arkansas $3 million received funding for its fine arts program
2020 – The University of Arkansas for Medical Sciences received $1.28 million to provide healthy food for schools.
2022 – Northwest Arkansas Food Bank received $3.5 million: $3 million for the construction of a food distribution center, and $500,000 for purchase and distribution of food.
Another philanthropic association Alice formed was the Art Bridges Foundation. The foundation helps fund, collect, and transport exhibits, and create programs with different museums. The foundation also has a Fellows Program that helps people from underrepresented groups to work with their museum partners.
Alice Walton – Contribution to the Healthcare Sector
Alice Walton helped set up the Whole Health Institute in 2019. The main aim of the institution is to help the health system and communities gain access to holistic healthcare for all. In 2021, the institute promoted the building of a nonprofit medical school in Bentonville that would focus on allopathic medicine.
The Alice L. Walton Foundation in 2021 partnered with the Cleveland Clinic to evaluate the entire healthcare system in Northwest Arkansas. Post the evaluation, the foundation and the Washington Regional Medical System had plans to create a nonprofit medical system that helped train doctors in fields such as neurology, oncology, and cardiology.
Alice Walton Awards
2012 – Time magazine most influential people in the world
2013 – Smithsonian Institution Archives of American Art Medal
2018 – International Women’s Forum Hall of Fame inductee
2020 – John Paul Getty Medal
Alice Walton – Interesting Facts
Alice Walton is one of the richest women in the world as per Forbes list at $94.2 billion.
She is a supporter of the Republican party and has donated millions.
She is a licensed pilot and has flown a plane herself for years.
She is also a patron of the arts and has donated millions to museums.
FAQ
How many Waltons are billionaires?
The Walton billionaires are:
Rob Walton
Jim Walton
Alice Walton
Lukas Walton
Christy Walton
Ann Walton Kroenke
Nancy Walton Laurie
Who is the #1 richest family?
The Walton family is the #1 richest family.
How many times has Alice Walton been married?
Alice Walton has been marriedtwice, but both marriages ended in divorce.
Well, things weren’t the same as a decade ago, right? From purchasing perishable goods from the marketplace to getting them online within an hour, we have adopted new things along with the changes happening around us.
If you go back to the 1980s, we never thought that we could transfer goods through an electronic portal that literally created platforms for many forms of business from B2B to B2C in marketing fashion, gadgets, groceries, books, home appliances, Beauty, Fitness and other products at affordable rates.
Sometimes, it leaves us with only one choice: purchase certain products online, like heated butter knives, which are only available online and can’t be easily marketable physically. Ecommerce created a trustable platform for products that can be operated online making everything an easy and reliable platform for customers as well as sellers.
We all know that the USA is the second-largest penetrated eCommerce market in the world, following China for the year 2022. In this article, we see the most used eCommerce websites in the USA.
We all definitely made at least one purchase from Amazon in our life, right? Amazon is the world’s largest online retailer in 1995 as an online bookseller by Jeff Bezos in his garage. Speaking of its largest online shopping site, the platform allows you to find literally everything from A to Z.
According to CNBC, in 2017, Amazon was responsible for 45% of eCommerce sales in the US. Besides, the platform offers its own standalone services such as Echo & Alexa, fire TV, Kindle, and Amazon Prime video and music.
Walmart is an American multinational retailer corporation that has headquarters in the US, so typically, people from the US know this platform very well and operate a chain of hypocenters and e-commerce websites.
The company was launched by Sam Walton in 1962 in Arkansas, United States, and is now operating 10,623 stores & 24 clubs all over the world with 46 different brand names.
In fact, Walmart is nothing but Flipkart in India, which looks similar to Flipkart in terms of marketing various products. Surprisingly, Walmart acquired a 77% controlling stake in Flipkart in 2018. The company is functioning successfully not only in India but also in the UK, Central America, South America, China, and Canada.
Almost 95% of US consumers have once shopped in a Walmart store or on its website in the year 2016, according to data published on CNBC.
Target
Name
Target Stores
Founders
George D. Dayton
Founded On
1962
Headquarters
Minneapolis, Minnesota, US
Total Number of Stores Worldwide
1956 (2024)
Website
www.target.com
Best E-Commerce Websites – Target Website
Target is an American big box departmental store chain that is a general merchandise retailer selling products through its stores and digital channels. In this way, US consumers get to purchase various products from nearby outlets as well as from Target shopping sites.
At first, the company was established as a discount division of Dayton’s department store in 1962 and expanded its business in the 1980s with 2000 stores worldwide. Notably, Target is the seventh largest retailer in the US after 1938 stores throughout the United States as of 2021 reports.
eBay is an online portal that facilitates B2B and B2C sales internationally. eBay is nothing but an auction platform that allows users to list items for sale as well as buy goods & services worldwide. eBay was founded by Pierre Omidyar in 1995.
Since eBay is an international online shopping site, without any doubts, eBay has over 19 million US seller accounts with more than 109 million visitors to the website each month. As a result, more than three out of ten users are US citizens, with approx. 66 million mobile users in total.
Aside from that, corporate vendors and full-time entrepreneurs on the eBay platform alone generated over 690,000 jobs, with rural and small-town merchants accounting for more than a quarter of all US sellers.
Home Depot
Name
The Home Depot
Founders
Bernard Marcus Arthur Blank Ron Brill Pat Farrah Ken Langone
Founded On
1978
Headquarters
Atlanta, Georgia · U.S.
Total Number of Stores Worldwide
2,335 (2023)
Website
www.homedepot.com
Best E-Commerce Websites – The Home Depot Website
Usually, we tend to emphasize the home interior, exterior, and other improvements when upgrading your house to a bigger or even more modern one.
As a result, The Home Depot is an American multinational and the largest home improvement retailer in the world, which deals in selling materials associated with home improvement or home decor products. It was co-founded by Bernard Marcus, Arthur Blank, Ron Brill, Pat Farrah, and Ken Langone in 1987.
Home Depot runs more than 2300 stores in the US, accounting for $151 Billion US dollars and a huge contribution to the United States economy in the past two years, making it the world’s largest home improvement retailer.
Robert Kalin · Chris Maguire · Haim Schoppik · Jared Tarbell
Founded On
2005
Headquarters
Brooklyn, New York, U.S.
Total Number of Stores Worldwide
–
Website
www.etsy.com
Best E-Commerce Websites – Etsy Website
Usually, people are inspired by a lot of handmade & craft items and love to wear vintage items. That’s why Etsy is an American eCommerce company that was incorporated in 2005 to create a platform for small businesses to sell their handmade craft or vintage supplies as well as buy a variety of goods.
It was incorporated back in 2015 by the joint efforts of Robert Kalin, Chris Maguire, Haim Schoppik, and Jared Tarbell. Etsy became the most popular online retail store ahead of Home Depot and Target, connecting more than 82 million buyers to 45 million sellers and generating $15 billion in sales as of 2021.
USA E-Commerce Sales
Lowe’s
Name
Lowe’s
Founders
Lucius Smith Lowe
Founded On
1921
Headquarters
Mooresville, North Carolina, US
Total Number of Stores Worldwide
1746 (2023)
Website
www.lowes.com
Best E-Commerce Websites – Lowe’s Website
Being the world’s second-largest home improvement company, Lowe’s biggest competitor is Home Depot, which shares the same customer base in the USA and Canada. Both companies also rank among the most visited ecommerce websites, attracting customers with their online offerings in addition to their brick-and-mortar stores.
Lowe’s was established as an American home improvement retailer in 1921 by Lucius Lowe, who sells home appliances, tools, building supplies, carpet, lighting & ceiling fans, windows, doors, and more.
Since Lowe’s operates a retail chain across the USA and Canada, over $90 million in sales have been generated by US retailers in 2021.
Kroger is the largest supermarket and multi-departmental store operating throughout the United States. It was started back in 1883 by Bernard Kroger. It is a budget-friendly grocery store, where middle-class families make a lot of purchases from Kroger that shop for food like meats at very affordable rates.
Kroger has claimed to be the world’s largest supermarket chain that excelled in adapting to changes & shifts among their target audience and competitors like Walmart.
It is an America-based eCommerce company that facilitates a business relationship between sellers and buyers. Wish became the world’s most downloaded shopping app in 2018, with the majority of consumers being USA mobile users. It was founded by Piotr Szulczewski and Danny Zhang in 2010.
Wish eliminates third parties or intermediates by selling products directly to customers at very cheap shipping rates. In addition, Wish is the third-largest eCommerce company in the United States in terms of sales.
We must have heard of Ikea, which is popularly known even in India, where you could get home furniture, designs, and other decorations at affordable rates and high quality. Ikea is renowned as the largest furniture retailer in the world, which was founded by Ingvar Kamprad in 1943.
Ikea is currently operating its business in over 50+ countries with 422 stores as of the 2021 report. Apart from that, the company has gained nearly 490 million customers who visited online shopping sites in the USA, which impacted a strong performance in FY20, with $4.7 billion USD in total sales.
Business Model of IKEA
Best Buy
Name
Best Buy
Founders
Richard M. Schulze · James Wheeler
Founded On
1966
Headquarters
Richfield, Minnesota · U.S.
Total Number of Stores Worldwide
1,144 (2023)
Website
www.bestbuy.com
Best E-Commerce Websites – Best Buy Website
It has been one of the most popular American multinational consumer electronics retailers since 1966, from the time of its introduction by Richard M. Schulze and James Wheeler. Moreover, the company has ranked in many lists of top companies throughout the years and is the third top online store for electronic sales.
It officially started as an online store in 2000. In 2020, Best Buy is titled the largest specialty retailer in the US consumer electronic retail industry. Besides, the online company has gained a lot of recognition over the years.
The online store is best known for its nationally focused sales and net revenue around the United States of America. As a whole, most American Electronic and Media products are purchased through Best Buy’s official website.
Costco
Name
Costco
Founders
James Sinegal · Jeffrey Brotman
Founded On
1983
Headquarters
Issaquah, Washington · U.S.
Total Number of Stores Worldwide
839 (2023)
Website
www.costco.com
Best E-Commerce Websites – Costco Website
United States of America’s largest chain of member-only big box retail sellers, Costco, is the fifth largest retailer in the world. Often praised for its competitive pricing and wide selection, Costco has expanded its presence in top online shopping sites since its founding by James Sinegal and Jeffrey Brotman in 1983.
Costco is famous for selling branded merchandise at the best possible price for its consumers. In no time, Costo embraced eCommerce and is remembered as a go-to website that offers unlimited products under different categories.
A new Costco Grocery service, launched in October 2017, delivers nonperishable goods two days a week and provides free shipping on orders over 75 dollars. And over the years, Costco has seen a tremendous increase in profits, especially in eCommerce.
Wayfair is an online American eCommerce company. It is best known for selling furniture and home goods online. It was founded by Nirav Shah and Steve Conine in 2002. The e-commerce company offers over 33 million products from around a thousand global-level suppliers.
And in 2022, Wayfair is almost set to open its first physical retail store in Lynnfield. Wayfair has superb expert customer service, from the latest tools to making shopping easier than ever expected.
It stands first for helping everyone online with things related to home. The bottom line is that Wayfair is the destination for people who love to create their own spaces.
Mercari
Name
Mercari
Founders
Shintaro Yamada, Ryo Ishizuka, Tommy Tomishima
Founded On
2013
Headquarters
Minato, Tokyo, Japan
Total Number of Stores Worldwide
–
Website
www.mercari.com
Best E-Commerce Websites – Mercari Website
Mercari might be a Japanese eCommerce company, but the majority of its revenue and headquarters are from the United States. The key feature of Mercari is its marketplace app, which was launched in Japan in 2013 as a community-powered marketplace. And subsequently, it flourished in America in 2014, followed by the UK in 2015. Shintaro Yamada, Ryo Ishizuka, and Tommy Tomishima introduced it.
Mercari has paved the path for various eCommerce retail sellers, whose first product (marketplace app) enables users to buy and sell items on their smartphones in a fraction of a second. On the other hand, it also collaborated with other American multifarious labels, including USPS, UPS, and FedEx.
The Poshmark marketplace, one of the top ecommerce sites, allows users to buy and sell new and used clothing, home goods, and electronics. Currently, there are over 80 million users on the platform, with more than 200 million listings. Poshmark was inaugurated in 2011 by Manish Chandra, Tracy Sun, Gautam Golwala, and Chetan Pungaliya.
It is now one of the leading suppliers of eCommerce shipping solutions. Poshmark brings together physical shopping’s human connection and the scale, ease, and selection benefits of eCommerce for easy, social, and sustainable buying and selling.
Conclusion
The use of eCommerce has increased over time. The USA is the second largest e-commerce market, just after China. Each country has its own list of best working e-commerce sites for its citizens.
The top eCommerce platforms in the United States are discussed above. The list of the platforms includes names like Amazon, Ikea, Poshmark, Mercari, Wayfair, Costco, Best Buy, Wish, Kroger, Lowe’s, Etsy, Home Depot, eBay, Target, and Walmart.
FAQs
Which is a US-based popular e-commerce company?
Amazon is an America-based company that is also known as one of the biggest e-commerce platforms in the World.
Who is Amazon’s biggest e-commerce competitor?
Some of Amazon’s biggest e-commerce competitors are Alibaba, eBay, Walmart, etc.
Which e-commerce platform is best in the USA?
Some of the best e-commerce platforms in the USA are Amazon, Ikea, Poshmark, Mercari, Wayfair, Costco, Best Buy, Wish, Kroger, Lowe’s, Etsy, Home Depot, eBay, Target, and Walmart.
Is Shopify popular in the USA?
In the calculation of Shopify users by country, 70% of Shopify stores are under Shopify USA, with this information we can say that Shopify is popular in the USA.
Which are the most popular websites in the USA?
The most popular websites in the USA include Google, YouTube, Facebook, Amazon, and Wikipedia. These sites consistently rank high in terms of traffic and user engagement.
Which are the most visited e-commerce websites?
The most visited e-commerce websites globally include Amazon, Alibaba, eBay, Walmart, and JD.com. These platforms consistently attract high volumes of online shoppers due to their diverse product offerings and convenient shopping experiences.
These are the world’s top two retail giants, competing for the same customer base. These two are the market leaders who set operating standards for other big box stores and online retailers. Amazon and Walmart make for an interesting study as they operate within the same retail space, sell to the same customer base, and boast a wide product repertoire.
Operating in the global space of e-commerce, cloud computing, and digital streaming, the American multinational technology company was founded under another name, Cadabra, Inc. in the year 1994. The founder was Jeff Bezos, who had left his job as a Vice-President at D. E. Shaw & Co., a wall-street firm. He renamed his company Amazon within a few short months. Amazon was established with the original idea of making it the biggest bookstore in the world.
Slow company growth, along with no expectations of turning a profit for initial four to five years was making investors edgy and the dot-com bubble burst of the year 2001, did not increase investor confidence as many e-companies were destroyed in its wake. Amazon, however, did not only survive but recorded its first profit in the fourth quarter of the same year. This proved to be Amazon’s turning point as it grew swiftly expanding its product repertoire and becoming one of America’s Big Five technological companies.
In a bid to challenge Walmart’s supremacy in the brick-and-mortar retail space, Amazon acquired Whole Foods in the year 2017. Amazon’s e-commerce business model grew exponentially in the year 2020 when it recorded a 38% rise over 2019.
Walmart
Originally a brick-and-mortar store format, Walmart was founded in the year 1962 as a single store in Rogers that expanded outside Arkansas by 1968. The decision to lower the sale price of the products and reduce profit margins to boost sales volume was taken by founder Sam Walton. By the year 1978, Walmart branched out into new markets and also launched its pharmacy, auto service center, and jewelry divisions. Expanding quickly, Walmart had successfully opened and was operating a store in every state of the United States and also opened its first store in Canada in the year 1995.
At the turn of the century, Fortune magazine ranked Walmart at number five on its Global Most Admired All-Stars List and by the years 2003 and 2004, Walmart was named as the most admired company in America. Over the years, Walmart has expanded its global presence as well as acquired many businesses. By the year 2022, the company operated stores in Botswana, Canada, Chile, China, Costa Rica, El Salvador, Ghana, Guatemala, Honduras, India, Kenya, Lesotho, Malawi, Mexico, Mozambique, Namibia, Nicaragua, Nigeria, South Africa, Swaziland, Tanzania, Uganda, and Zambia.
The company launched its e-commerce portal Walmart.com in the year 2000. However, it was only in the year 2016, that the management seriously considered online selling.
The difference in business operations was highly visible a few years ago between these two retail giants. One operated in the physical world of retail through brick-and-mortar stores while the other, a more recent business, navigated the online retail space. Undoubtedly though, both have been leading the retail space through their business operations.
In the last few years, especially post the pandemic period, both these giants have made successful attempts at foraying into the other’s playground. They have responded to the changes within the retail industry. This is a comparison between them to ascertain who leads the retail space.
The Number’s Game
The financial year of 2020 saw Walmart’s revenue increase by 6.7% to reach a total of USD 559 billion. Walmart also saw an increase of 6.2% in quarterly revenue in the first quarter of the year 2021 to reach 138.31 billion. On the other hand, Amazon’s revenue in the year 2020 was USD 93.4 billion and it witnessed a 43.8% increase in the quarterly revenue to reach 108.5 billion in the first quarter of 2021. That year, Amazon’s annual revenue saw a growth of USD 100 billion to reach a total of USD 386 billion. In terms of the number of employees, Walmart leads with 2.3 million as opposed to Amazon’s 1.3 million.
Investing in Innovation & Technology
In this particular field, Amazon has a clear advantage being a technology company itself. However, both these companies have taken giant leaps by adopting technologies benefitting their business operations and making the user experience better during the pandemic period. Amazon introduced biometric payments, Amazon Fresh Grocery Stores, FAA-approved drone deliveries, and even a hair salon. The company has also strengthened its pharmaceutical offerings as well as its smart home devices.
On the other hand, Walmart’s efforts in innovation are in streamlining order fulfillment and enhancing customer experience. It introduced the Alphabot platform in the year 2020, which can pick, pack, and deliver online grocery orders faster and more accurately than humans. It has also re-designed its 1000 stores in an effort to create a more streamlined and faster shopping experience.
Walmart just announced a new technology called Alphabot
Customer-Centric Policies
Being primarily an online company, Amazon is better positioned for an increased focus on customer satisfaction. In fact, the company is known for its culture of customer obsession. It has an unparalleled system for product recommendations and personalization that generates approximately 35% of its total sales.
Walmart, on the other hand, while understanding the importance of being customer-centric has only just recently begun making many changes with this in mind. Its new store layouts are designed for easy and quick access to customer needs and the company has also renewed its focus on mobile and online shopping to meet customer demands.
Digital Growth
Digital growth, for most companies, saw a substantial increase during the pandemic period. Walmart and Amazon were leading the pack with Walmart reporting a 79% e-commerce growth and Amazon leading with 40% of the total e-commerce sales in the US. Walmart has successfully blurred the lines between in-person and online shopping making the smartphone an important part of the shopping experience. Its Walmart+, unveiled in the year 2020 was in direct response to Amazon Prime, offering unlimited free grocery delivery, Scan and go in-store shopping, and gas discounts among many others. On the other hand, Amazon found success with Prime streaming video with more than 175 million subscribers in 2020 recording an increase of 70% in streaming hours.
Physical Retail Presence
In this category, Walmart leads by a large margin, being that it has been in business for far longer than Amazon. It has more than 5000 stores in the US alone and 90% of its customer base resides within a 10-mile radius of a Walmart outlet. In the last few years, Amazon has also increased its physical presence with its own grocery stores. Its acquisition, Whole Foods is already present in more than 500 locations and Amazon is also opening full-size fresh grocery stores across the country.
Supply Chain Logistics
In this category, Amazon clearly leads the pack with quick shipping and same-day and next-day shipping for its Prime members. The company maintains complete control over its logistics with its own fleet of trucks and planes. In the year 2020, it also got the FAA approval for delivery drones ensuring a delivery time of 30 minutes or less. Walmart is closely following Amazon’s footsteps with one-day shipping. It has also expanded its Alphabot system to automatically fulfill grocery orders while also converting more stores into automated fulfillment centers. It also unveiled Express in the year 2020, which is its new two-hour delivery service.
Sustainability
Both Amazon and Walmart have shown commitment by investing in environmental initiatives. Jeff Bezos of Amazon has introduced USD 10 billion Bezos Earth Fund and also is investing USD 2 billion in sustainable companies and technology. The company’s public goals include 100% usage of renewable energy by 2025 and achieving net-zero carbon by the year 2040. Walmart bought and installed more solar than any other company in the US in the year 2019. It also diverted 80% of its global waste from landfills and incineration. Walmart aims to achieve zero waste in US and Canada operations by 2025, 100% recyclable packaging by 2025, and 100% renewable energy by 2035.
Conclusion
Both these companies are retail giants and leaders in their sectors. Both conglomerates are operating and expanding with speed while also being environmentally conscious. Each of them has had its own journey in introducing innovation and technology to better consumer engagement and experience. With that said, it isn’t an easy win for either of them. The best judge is time and it will show which one of them stands strong.
FAQs
When was Walmart founded?
Walmart was founded in the year 1962.
When was Amazon founded?
Jeff Bezos founded Amazon in 1994.
What is Jeff Bezos’s initiative for sustainability?
Jeff Bezos has introduced USD 10 billion Bezos Earth Fund and also is investing USD 2 billion in sustainable companies and technology.
Walmart is a global retail company with headquarters in the US. Sam Walton launched the business in 1962, and it has since developed into one of the leading retailers worldwide. Almost 2.3 million people are employed by Walmart, which runs over 11,000 locations across 27 countries.
Walmart offers an extensive range of products at affordable costs, including food, electronics, apparel, home goods, and more. The business operates under several distinct names, including Walmart, Sam’s Club, and Jet.com.
Walmart is renowned for its effective inventory and supply chain management systems, which enable the business to provide cheap pricing while upholding high standards of customer service. Also, the business provides a wide range of services, such as Walmart Pay, online grocery buying, and free two-day shipping on several products.
Walmart has recently placed a strong emphasis on sustainability and social responsibility, establishing challenging targets for cutting emissions and waste while also aiming to enhance working conditions for staff members in its supply chain.
Despite criticism over its labor policies and effects on small companies, Walmart continues to be a significant player in the retail sector, having a significant presence both domestically and abroad.
Walmart usually caters to a wide range of people. With a large selection of low-cost items, the business hopes to cater to clients of all ages, genders, and socioeconomic sectors.
Walmart nevertheless targets a number of distinct client niches. A few of these include:
Consumers searching for value and affordability: Walmart is renowned for having low pricing on a variety of goods, which draws in people on the hunt for both.
Families: Walmart provides a range of goods catering to families, such as food, baby supplies, toys, and household necessities.
Customers in rural areas: Walmart has a big presence there and may be the only major store in the region.
Shoppers who are tech-savvy: They find Walmart more appealing now that the company has made investments in its online store platform.
Walmart Online Store Platform
Customers who value health and wellness: Walmart has increased its offering of organic and natural items and pharmaceutical services to entice customers who place a high priority on these factors.
Generally, a diverse group of people makes up Walmart’s target market, but the corporation places a strong emphasis on providing cheap costs, convenience, and a large variety of goods to satisfy those demands.
Walmart Marketing Mix
The four Ps make up Walmart’s marketing mix: product, price, location, and promotion. The way Walmart treats each of these components is broken down as follows:
Product: Walmart sells a large variety of goods under both its own and other brands, including food, electronics, apparel, household goods, and more. Walmart’s product strategy is centered on offering customers high-quality, reasonably priced goods that satisfy their demands.
Price: Walmart leads the discount retail sector by offering its items at the lowest cost feasible. This pricing approach has helped Walmart become a market leader. The business keeps costs down by using its effective inventory and supply chain management systems, and it then passes those savings on to customers.
Place: Walmart has a sizable and expanding network of stores, both domestically and internationally, that are well-placed to cater to customers in a range of markets. Walmart provides online shopping and grocery pickup services in addition to physical locations to give customers more convenience.
Promotions: Advertising, sales promotions, and public relations are just a few of the promotional strategies Walmart uses. The business makes significant investments in advertising, reaching consumers through a range of platforms including TV, print, and internet media. Also, Walmart runs sales events with discounts and coupons to entice shoppers to buy things.
In addition to the four Ps, Walmart has recently placed an emphasis on sustainability and social responsibility, trying to cut emissions and waste while also enhancing working conditions for staff members in its supply chain. These initiatives now play a significant role in the company’s overarching marketing strategy.
Walmart Marketing Campaigns
Walmart has launched several marketing campaigns over the years to promote its products and services. Here are a few examples:
Save Money, Live Better
This is Walmart’s long-standing tagline, which communicates the company’s commitment to offering low prices and high-quality products to its customers. The tagline has been used in various advertising campaigns over the years, including TV commercials and digital ads.
Walmart – Save Money Live Better
Made in America
Walmart launched a campaign in 2013 to promote American-made products and to support US-based manufacturing. The campaign included advertising, in-store signage, and partnerships with American manufacturers.
Grocery Pickup
Walmart has heavily promoted its grocery pickup service in recent years, which allows customers to order groceries online and pick them up at a Walmart store. The company has used a variety of advertising channels to promote the service, including TV commercials and digital ads.
Walmart Grocery Pickup, how it Works, and Tips
The Walmart Box
Walmart launched a subscription box service in 2018, called “The Walmart Box.” The service sends customers a box of curated products every season, including items from Walmart’s private-label brands. Walmart has promoted the service through social media and email marketing.
The Walmart Box
Famous Cars
Walmart partnered with Universal Pictures in 2018 to launch a campaign featuring famous cars from movies and TV shows, such as the Batmobile and the DeLorean from “Back to the Future.” The campaign included in-store events and online promotions and was designed to promote Walmart’s automotive department.
Overall, Walmart’s marketing campaigns have focused on promoting its low prices, high-quality products, and commitment to sustainability and social responsibility. The company has used a variety of channels, including TV, print, digital media, and in-store signage, to reach its customers.
Walmart’s success can be attributed to several key marketing strategies that have helped the company to build a strong brand and attract a large customer base. Here are a few strategies that have contributed to Walmart’s success:
Low Pricing Strategy: Walmart has been known for its “Everyday Low Prices” strategy, which involves offering products at lower prices than competitors. This pricing strategy has helped Walmart to attract customers who are looking for value and affordability.
Wide Product Selection: Walmart offers a wide range of products, including groceries, electronics, clothing, household items, and more. This selection of products has helped to make Walmart a one-stop-shop for customers, increasing convenience and attracting a larger customer base.
Efficient Supply Chain Management: Walmart has an efficient supply chain management system that helps to keep costs low and improve product availability. The company’s use of technology, including its advanced inventory management systems, has helped it to streamline its operations and keep prices low.
Strong Brand Identity: Walmart has built a strong brand identity around its commitment to offering low prices and high-quality products. The company’s “Save Money, Live Better” tagline, its blue and yellow logo, and its in-store signage all help to reinforce this brand identity and create a sense of familiarity and trust among customers.
Walmart – Logo, and Tagline
Customer Service: Walmart places a strong emphasis on customer service, offering a variety of services such as in-store pickup, online ordering, and free shipping. This focus on customer service helps to build loyalty and trust among customers.
In-store Promotions: Walmart frequently runs in-store promotions, such as “Rollback” discounts, to incentivize shoppers to make purchases. These promotions are often advertised on signs throughout the store.
Rollback – Walmart’s In-Store Promotions
Customer Loyalty Programs: Walmart provides “Walmart Rewards,” a customer loyalty program that enables consumers to accrue points for purchases. You may exchange these points for savings or other benefits.
Private Labels: Walmart offers a variety of private label brands, including Great Value and Equate, which provide goods at a lesser cost than national brands. Walmart is able to retain its reputation for low costs because of its private-label products.
Store Layout and Design: Walmart’s store layout and design were thoughtfully created to entice customers to stay longer and make more purchases. The layout of the store, for instance, frequently directs people away from popular items and encourages impulse purchases.
How Walmart Gets You to Spend More
Social Responsibility: Walmart’s marketing plan places a strong emphasis on social responsibility issues including environmental sustainability and community participation. Walmart may attract clients that value corporate social responsibility by highlighting its commitment to these concerns.
Overall, Walmart’s success can be attributed to a combination of low pricing, wide product selection, efficient supply chain management, strong branding, and excellent customer service. These marketing strategies have helped Walmart to build a strong brand and attract a loyal customer base.
Hope you take inspiration from marketing strategies employed by Walmart to be a market leader and build strategies that suit your business.
FAQs
What is the target audience of Walmart?
Walmart usually caters to a wide range of people. With a large selection of low-cost items, the business hopes to cater to clients of all ages, genders, and socioeconomic sectors.
What are a few marketing campaigns launched by Walmart?
Walmart has launched several marketing campaigns over the years to promote its products and services. Here are a few examples:
As the world gears up through the prosperity and connectivity of Industry 4.0, e-commerce has had the best journey. The number of internet users is increasing tremendously by the day with more and more efforts to make people stay connected online and get things done virtually.
With over 63% of people using the internet across the United States of America, e-commerce has grown by 50% during the pandemic alone. E-commerce, due to the exposure that it provides for small businesses and the visibility that all businesses get even in the remote areas of the country, is getting bigger by the day.
The US is one of the most developed marketplaces for e-commerce companies with this particular segment accounting for more than $1 trillion in annual retail sales across the country.
This article will discuss some popular e-commerce companies in the USA based on their market share. Most of these companies or not only popular in the USA but are also the best globally.
Amazon is the undisputed leader in the industry with a market share of 41% as per the reports that came in the year 2022. They have a whopping 2.1 billion visits on January 2022 which they proudly flaunt. Amazon was founded in the US in the year 1994 as an online marketplace for books from where it has expanded into a multinational technology company that focuses on e-commerce, digital streaming, and artificial intelligence.
It is one of the big five American information technology companies at par with Alphabet, Apple, Meta, and Microsoft. Jeff Bezos owns this e-commerce company, which generates revenue of $470 billion, and employs more than 15,44,000 people globally. Amazon is often referred to as “one of the most influential economic and cultural forces in the world”.
Market share of leading retail e-commerce companies in the United States as of 2022
Walmart
Founded
1962
Headquarters
Bentonville, Arkansas, US
Revenue
$570 Billion (2022)
Website
walmart.com
Walmart – Top E-Commerce Retailers in the USA
This American multinational retail corporation was in fact the world’s largest one of its kind that operates a plethora of departmental stores, grocery stores, and hypermarkets.
Headquartered in Bentonville, Arkansas, Walmart was founded by Sam Walton and James Walton in 1962. They account for 6.3% of the market share to gain $393.25 billion in 2022 from $369.96 billion in 2021. Not surprisingly, they were also the world’s largest private employer with 2.2 million people working for them.
Apple
Founded
1976
Headquarters
Cupertino, California, US
Revenue
$394.328 Billion (2022)
Website
apple.com
Apple – Top E-Commerce Retailers in the USA
Apple.com, the retail store by Apple Inc, holds 3.9% of the market share through its net sales across its online store. They sell a range of their products from personal computers, smartphones, tablets, digital media players, etc. The first Apple store was opened in 2001 by Apple CEO Steve Jobs.
It also became the fastest company to make more than 1 billion in sales within three years of its launch to be the first company to do so. Their success as top-tier online retailers becomes sweeter due to the fact that they only sell Apple products.
eBay
Founded
1995
Headquarters
San Jose, California, US
Revenue
$10.8 Billion (2021)
Website
ebay.com
eBay – Top E-Commerce Retailers in the USA
Since its inception in 1995, eBay has never had to look back as it continued to expand its business globally in more than 20 countries. It was founded by an Iranian American named Pierre Omidyar and the first item to be sold on the auction website was a broken laser printer.
They were in fact the pioneers of the e-commerce segment. This California-based company allows both consumer-to-consumer and business-to-consumer sales through its website. It holds 3.5% of the market share in the US.
Target
Founded
1902
Headquarters
Minneapolis, Minnesota, US
Revenue
$26.12 Billion (2022)
Website
target.com
Target – Top E-Commerce Retailers in the USA
Headquartered in Minnesota, Target is a big box department store that is considered the seventh largest retailer in the United States of America. Their e-commerce segment was launched in 2010 when they partnered with Amazon before independently launching itself.
In 2020 alone their business grew by 144.7 %. They hold 2.1% of the e-commerce sale in the country as of June 2022. It was established as a discount division of the Dayton department store in 1962. This Fortune 500 listed company has 1948 stores across the USA.
The Home Depot
Founded
1978
Headquarters
Atlanta, Georgia, United States
Revenue
$151.2 Billion (2022)
Website
homedepot.com
The Home Depot- Top E-Commerce Retailers in the USA
Home Depot is an online platform for all sorts of home improvement needs including appliances, bathroom decorating ideas, kitchen remodeling, patio furniture, and so on. They have employed more than 500,000 employees globally.
They have been able to significantly integrate the nuances of both online and offline shopping by providing a seamless customer experience. They hold 2.1% of the US e-commerce market. In the financial year 2021, they achieved the milestone of making $150 billion in sales.
Additionally, its personalized omnichannel strategy and revamped investments in areas like artificial intelligence and augmented reality have further improved its online presence.
Best Buy
Founded
1966
Headquarters
Richfield, Minnesota, US
Revenue
$51.761 Billion (2022)
Website
bestbuy.com
Best Buy – Top E-Commerce Retailers in the USA
Founded by Richard M. Schulze and James Wheeler in 1966, Best Buy was initially an audio specialty store that grew into a multinational consumer electronics retailer. They are the largest specialty retailer in the consumer electronics retail industry.
It holds 1.6% of the market share and was ranked number 17 in the Fortune 500 list of the top state corporations in the United States based on the total revenue generated. They have also integrated virtual shopping experiences into their midst to improve customer experience further. They hope to enrich the lives of people through the innovative and efficient use of technology.
Costco
Founded
1983
Headquarters
Issaquah, Washington, US
Revenue
$226.954 Billion (2022)
Website
costco.com
Costco – Top E-Commerce Retailers in the USA
Costco was first opened in 1976 in a converted airplane hangar in San Diego. It used to be a small endeavor that served only small businesses. In fact, Costco was the first company that got a whopping $3 billion in sales within six years.
As of 2020, Costco Wholesale is the fifth largest retailer in the world and holds 1.6% of e-commerce sales in the USA. As of today, Costco is an American multinational corporation that operates a chain of membership-only big-box retail stores.
They are listed as one of the Fortune 500 companies and continue to grow through its strong entrepreneurial drive for excellence and a strong backbone cemented by employees who are highly loyal to the company due to their excellent workplace culture which attracts energetic, positive, and talented employees.
Founded in 2012, Carvana has emerged as the most online growing used car retailer in the United States. It was started by Ernest Garcia III, Ryan Keeton, and Ben Huston and is most popular for its multi-story car vending machines.
As of 2021, Carvana operates in over 250 markets across the United States and has become one of the largest used car retailers in the country. Being a young company, Carvana was able to get its name featured in the Fortune 500 list (2021) and is known to hold 1.5% of the total e-commerce market share in the US.
Kroger
Founded
1883
Headquarters
Cincinnati, Ohio, U.S.
Revenue
$137.888 Billion (2022)
Website
kroger.com
Kroger – Top E-Commerce Retailers in the USA
Introduced in 1883, Kroger is an American retail company that operates supermarkets and multi-department stores in the United States. Kroger holds 1.4% of the total e-commerce market in the US.
Kroger’s headquarters are placed in Cincinnati, Ohio. Today, Kroger operates over 2,700 grocery stores in 35 states under various brand names, including Kroger, Ralphs, Fred Meyer, and Fry’s. In addition to groceries, Kroger stores offer a range of products and services, including pharmacy services, fuel stations, and online shopping options.
The company is also known for its private label products, which are sold under various brand names, such as Simple Truth and Private Selection. Kroger is committed to sustainability and has implemented several initiatives to reduce waste, conserve energy, and promote social responsibility.
Wayfair
Founded
2002
Headquarters
Boston, Massachusetts, US
Revenue
$13.708 Billion (2021)
Website
wayfair.com
Wayfair – Top E-Commerce Retailers in the USA
Previously known as CSN stores, Wayfair is an American e-commerce company that specializes in selling furniture, decor, home goods, and other household items online. It was founded by Niraj Shah and Steve Conine in 2002 with its headquarters being placed in Boston, Massachusetts. The company holds 1.1% of the total e-commerce market share of the United States.
Wayfair operates through several online retail websites, including Wayfair.com, Joss & Main, AllModern, and Birch Lane. Its website offers 14 million items from more than 11,000 global suppliers. Wayfair has operations in North America, Europe, and Australia, and as of 2021, employs over 16,000 people.
Chewy
Founded
2011
Headquarters
Plantation, Florida, US
Revenue
$8.891 Billion (2022)
Website
chewy.com
Chewy – Top E-Commerce Retailers in the USA
Chewy was introduced in 2011 by Ryan Cohen and Michael Day with the name “MR. Chewy”. The company was later on acquired by PetSmart in 2017. Chewy is an American online retailer of pet food and supplies that offers a wide range of pet-related products, including food, treats, toys, medication, and accessories for dogs, cats, birds, fish, and other small animals.
The company operates through its e-commerce website, Chewy.com, which offers a variety of search options and filters to help customers find the products they need.
Chewy has grown rapidly in recent years and as of 2021, Chewy has 13 fulfillment centers across the US. It also holds % of the total market share of the US e-commerce market.
They are an American chain of high-end department stores with a long legacy that can be traced back to 1858 since its launch by Rowland Hussey Macy. They account for 0.9% of the US commerce retail sales.
Headquartered in New York, Macy’s is known for its high-quality products with a nationwide footprint which gives a hassle-free shopping experience to the customers. They believe in and strive towards creating a brighter future with bold representation.
Conclusion
E-commerce industries are sprouting up not only in the USA but also across the world at a fast pace. Tracing the patterns of the top e-commerce companies, it can be understood that two things that all successful e-commerce companies did were to provide excellent customer service and cater to all their needs.
As long as the customers are happy the company can rest assured of its growth. However, there is no doubt that e-commerce industries offer a plethora of opportunities for young entrepreneurs to make their mark.
FAQs
What is the top US e-commerce company?
Undoubtedly, Amazon is the top US e-commerce company.
How many online retailers are there in the US?
As per the data shared by Zippia, the US is home to around 1.8 million online retailers.
Which country is number one in e-commerce?
China is number one in the e-commerce sector owing to its large population providing the opportunity of having the biggest marketplace.
How big is the US e-commerce market?
The US e-commerce market is the second largest e-commerce market in the world with a revenue of 862.4 billion in 2021.
Within ten years, e-commerce business platforms are booming like anything. All the more, the pandemic seems to have given a push of 10 times more to these e-commerce sites. The given hectic life, and busy schedules, people do not have the leisure to go out and shop. With many reliable e-commerce websites available, people prefer to buy products online.
According to sources, the Indian e-commerce market is expected to grow to $188 billion by 2025 from $6.2 billion (2020). It is also predicted that the market is expected to increase by 21.5% by the end of 2022.
Flipkart, which is India’s one of the biggest players in the e-commerce market, is also considered the most valuable startup in the country today. This Walmart-owned company started its journey by selling books online and further expanded into selling other product varieties such as electronics, fashion, home essentials, and other lifestyle products.
Through its journey of becoming the most successful startup, Flipkart has acquired several companies. Today, Flipkart has a revenue of 433 billion Indian rupees.
In this article, let us discover the list of major companies acquired by Flipkart.
ANS Commerce is a direct-to-consumer (D2C) SaaS startup. The company offers e-commerce solutions for online brands, such as brand-store tech, performance marketing, platform support, marketplace management, and more.
Flipkart has acquired ANS Commerce for an undisclosed amount. However, the agreement is yet to be completed due to some closing conditions.
2. Yaantra
Year of Acquisition – 2022
Yaantra Logo
Yaantra is an electronic repair company that offers door-to-door electronic repair services for smartphones and laptops and sells refurbished products. The acquisition made by Flipkart is to improve its after-sale services in the smartphone segment and to maintain the recommerce platform. Yaantra was acquired by Flipkart for approximately $40-50 million.
3. SastaSundar
Year of Acquisition – 2021
SastaSundar Logo
SastaSundar operates in online pharmacy and healthcare solutions such as e-diagnostics, and e-consultations with a network of more than 490 pharmacies. Flipkart was acquired to further improve the healthcare system by offering affordable pharmacies to consumers on a large scale. The Flipkart group has a 75.1% stake in the SastaSundar company.
4. Cleartrip
Year of Acquisition -2021
Cleartrip Logo
Cleartrip is an online travel service company. The company offers booking services for flights, train tickets, and hotel reservations in India and the Middle East. The Covid-19 pandemic made a very stressful year for the travel sector, due to which, Cleartip had laid off around 500 employees. Flipkart acquired Cleartrip in April 2021 in a $40 million deal.
5. Scapic
Year of Acquisition – 2020
Scapic Logo
Scapic is a cloud-based startup that deals in creating and publishing AR and 3D content through a web browser for clients across e-commerce and marketing platforms. The deal made by Flipkart is to enhance its user experience. Flipkart has a 100% stake in Scapic, however, the deal value is still undisclosed.
6. Mech Mocha
Year of Acquisition – 2020
Mech Mocha Logo
Mech Mocha is a mobile gaming platform that operates a live social game called ‘Hello Play’. This gaming app allows participants from tier II and tier III cities to interact with each other through its in game-video. Flipkart invested in Mech Mocha at an undisclosed amount.
7. Walmart India
Year of Acquisition – 2020
Walmart India Logo
Walmart India is a subsidiary owned by Walmart Inc., which is an American multinational retail corporation that has a wide variety of markets dealing mainly in departmental stores, and grocery stores. The reason for Flipkart to acquire Walmart India is to help expand its footprint in the food and grocery segment, which will further strengthen its supply chain.
8. Upstream Commerce
Year of Acquisition – 2018
Upstream Commerce is an Israel-based retail platform that provides cloud-based automated-competitive solutions to help online retailers develop an analysis to boost their sales. Flipkart acquired Upstream commerce to further optimise its product pricing to compete with its rival Amazon.
9. Liv.ai
Year of Acquisition – 2018
Liv.ai is the first Indian company that uses powerful neural network models that enable developers to convert speech into text supporting 10 Indian languages. They aim to give voice to billions of Indians, and the ability to express their language through the digital world. Flipkart acquired Liv.ai for $40 million.
10. F1 Info Solutions & Services
Year of Acquisition – 2017
F1 Info Solutions & Services Logo
In 2017, Flipkart acquired F1 Info Solutions & Services, an IT products repair service provider of brands like Apple, HP, Samsung, Sony, Lenovo, Asus, and many more. The main reason for the acquisition of F1 is to expand Flipkart’s offerings towards after-sale repair services for its IT products and mobile phones.
eBay is an American multinational e-commerce platform founded in 1995. eBay started its operations in India in 2005 but was not that successful. Flipkart acquired eBay in 2017 for approximately $500 million.
12. Jabong
Year of Acquisition – 2016
Jabong Logo
Jabong.com is an online portal that sells products in categories like fashion accessories, footwear, apparel, home essentials, and other lifestyle products. Flipkart acquired Jabong through Myntra for $70 million.
13. PhonePe
Year of Acquisition – 2016
PhonePe Logo
PhonePe is a digital payment mode for online transactions in India founded by Sameer Nigam. The app operates around the Unified Payments Interface (UPI), regulated by the National Payments Corporation of India. The company was acquired by Flipkart in 2016, although it will function as a separate business unit. Flipkart bought the company for $20 million.
14. FX Mart
Year of Acquisition – 2015
FX Mart Logo
FX Mart is a company that offers payment services like digital or electronic payments, remittances buying and selling of currencies, travel, and related services. The acquisition was made with an aim to enable Flipkart to have its own in-app wallet system and avoid paying a cut to external wallet providers. The deal value was around $6 million.
15. Appiterate
Year of Acquisition – 2015
Appiterate Logo
Appiterate is a mobile marketing company that engages in marketing automation to help e-commerce companies push their sales through push notifications and in-app messages. The details of the deal are undisclosed.
A global mobile ad network founded by Anurag Dod, AdIQuity was launched with the aim to facilitate ad agencies to acquire mobile traffic. Flipkart bought this company in hopes to increase its efficiency on the mobile platform.
17. Myntra
Year of Acquisition – 2014
Myntra Logo
Myntra, initially sold personalised gift items but later on expanded into fashion and lifestyle brands in 2010. In 2014, the company was bought by Flipkart at a valuation of approximately $370 million. The acquisition was done in to beat Flipkart’s rival Amazon to create one of the largest e-commerce markets. To date, Myntra is one of the biggest acquisitions of Flipkart.
18. Jeeves
Year of Acquisition – 2014
Jeeves Logo
Jeeves is one of India’s leading third-party after-sales service providers with a network of 320+ service partners. It was during the same year, Flipkart launched its large appliance category.
19. Letsbuy.com
Year of Acquisition – 2012
Letsbuy Logo
Letsbuy.com is an online retail shop selling branded computer technology and digital lifestyle products from top international and domestic brands. Flipkart acquired Letsbuy.com for $25 million.
20. Chakpak
Year of Acquisition – 2011
Chakpak is an online media podium for films revolving around Bollywood, Telugu, and Tamil that enables users to find information regarding their timings, reviews, latest news, and information. Flipkart made this acquisition to let them offer user-generated content for a huge array of Indian movies to their customers.
21. MIME360
Year of Acquisition – 2011
This was a Mumbai-based digital media distribution company. MIME is the short-form of Manoramic International Media Exchange. The company has ties with Saregama and Gaana.com and operates in Mumbai, and Delaware, USA. To improve their digital distribution technology platform, Flipkart acquired MIME360.
22. weRead
Year of Acquisition – 2010
weRead Logo
The first startup acquired by Flipkart is weRead.com. It is an online community for all book readers. The platform was available on Facebook, Myspace, Orkut, Hi5, and Bebo. Flipkart wanted to expand its customer base to further improve its customer book reading experience.
Conclusion
The list of startups acquired by Flipkart gives us a clear understanding of how ambitious Flipkart is. They aim to keep growing and compete with their rival Amazon. The group is in the mood to diversify its ecosystem through these various investments in multiple sectors.
The company has grown tremendously in just ten years and continues to evolve every day by expanding its services for its consumers. Besides these acquisitions, Flipkart has made investments in Ninjacart, Aditya Birla Fashion Retail Limited, Shadowfax, and Arvind Fashions.
FAQs
What companies are owned by Flipkart?
Ans commerce, Yaantra, Sastasundar, Cleartrip, Scapic, Mech mocha, Walmart India, Upstream commerce, Liv.AI, F1 info solutions & services, eBay India, Jabong, Phonepe, FX Mart, Appiterate, Adiquity, Myntra, Jeeves, Letsbuy.Com, Chakpak, MIME360, and Weread are owned by Flipkart.
Is Flipkart an MNC company?
Yes, Flipkart is an MNC company founded by Sachin Bansal and Binny Bansal.
What kind of company is Flipkart?
Flipkart is an eCommerce company based in Bangalore.
With the developing technology and resources, numerous companies have been established with the belief of achieving great heights. And these companies are the biggest source of proving employment to the general public. You wouldn’t believe that companies like Walmart and Amazon have employees over the count of millions. Like, how great is that! However, private sector companies are often considered pretty complicated and tough. They lack job security and some do pay little. But, these don’t define every private organisation across the world.
In fact, there are private companies that have millions of employees with tons of benefits. And these companies are the biggest job creators across the world. Speaking of which, we have presented the World’s Top Companies With the Largest Number Of Employees. So, let’s get started!
With a total number of employees of 2.3 million, Walmart is the second company with the largest number of employees. Walmart is in fact counted highest among the Forbes 500 global ranking. Being the largest company with an annual turnover of $559 billion, Walmart owns numerous subsidiaries as well in the United Kingdom and South Africa’s supermarkets.
Amazon
Total Number of Employees: 1.4 million
Amazon Logo
The biggest online retailer, Amazon has around 1.4 million employees. Amazon is currently ranked 5th among the largest employers in the world. In the last two years, the company has gained a massive amount of employees from all across the world. This simply indicates that Amazon hires 1,400 people every day.
Volkswagen
Total Number of Employees: 662,653
Volkswagen Logo
Volkswagen, the largest automobile manufacturer in the world, has an employee count of 662,653. Being a German car manufacturing company, Volkswagen holds a market capitalisation of $123.24 billion, being the 112th most valuable company, in terms of market capitalization. In fact, Volkswagen is considered the most active and superior automobile manufacturer and employer.
China’s National Petroleum Corporation
Total Number of Employees: 460,724
CNPC Logo
Being mainly a monopoly in the oil and gas production of China, China’s National Petroleum Corporation has an employee count of 460,724. It runs with rigs and refiners in over 30 countries such as Venezuela, Azerbaijan, and many others.
Kroger
Total Number of Employees: 465,000
Kroger Logo
With a total number of employees over 465,000 Kroger is counted among the biggest retailers chain in America and third in the country, right after Walmart and Costco. Kroger has around 2,778 supermarkets and departmental stores.
China Construction Bank
Total Number of Employees: 345,971
China Construction Bank Logo
Based on the market capitalization, China Construction Bank is the second-biggest bank in China and fifth in the world. With an employee count of 345,971, China Construction Bank has expanded its branches in more than 13,600 places in china.
McDonald’s
Total Number of Employees: 200,000
McDonald’s Logo
McDonald’s is incredibly famous for its delicious fast food and has several employees of 200,000 all across the globe. This simply brings McDonald’s among the largest employers in the world. And when it’s McDonald’s, who doesn’t know hamburgers!! The company has its classic presence in more than 100 countries and serves around 69 million food items every day.
In conclusion, we can say that private sector companies are the largest source of employment all across the world. Although a large proportion of people are employed in private organisations. But companies like the United States Department of Defense and China People’s Liberation Army and many others provide employment with tons of benefits as well. So, here were the top companies with the largest number of employees across the world. Stay tuned for more updates!
FAQ
Who is the largest employer in the world?
Walmart is the largest employer in the world with approx 2 million employees.
Who is the largest employer in India?
Indian Railways is the largest employer in India with 1.4 million employees.
Who is the best employer in India?
Reliance Industries is considered the best employer in India.
Imagine finding a marketplace, where you can get almost anything and everything. Well, you don’t have to imagine anymore, because a place like that already exists in reality itself. From groceries to furniture, almost everything you need can be found under a single roof, thanks to the world’s biggest retail corporation, Walmart.
This American multinational corporation was founded in the year 1962 by Sam Walton and has been serving its customer since then. It also comes under the list of the top 5 largest corporations in the world by sales. Approximately 40% of products in Walmart are produced by contractors and manufacturers for the retail store itself, basically, it is private-labeled.
Walmart has been with its customer as a trusted partner since its beginning and currently has more than 11,000 stores in 27 countries that run under different names. The headquarters is situated in Bentonville, United States, this store sells over 75 million products and largest private company to employ over 2.2 million people.
This retail giant has captured almost all the largest marketplace and has subsidiaries, almost all over the world. This retail giant mostly concentrates on selling quality products at a reasonable price, thus giving cut-throat competition to its competitors.
“There is only one boss, The customer. And he can fire everybody in the company from the chairman on down, simply by spending his money somewhere else.”
–Sam Walton
In this article, we will talk about all the popular subsidiaries that are owned by Walmart. So let’s dive into it.
The child of Walmart itself, Sam’s Club was founded in 1983 by Walmart’s founder, Sam Walton. This member’s only retail warehouse was started to give access to different products and services to those who want to make their small businesses successful.
This warehouse club offers its members good products at a reasonable value. The headquarters is in Bentonville, United States. Over 600 warehouse clubs over the United States and Puerto Rico, give the members an option to buy products in a huge quantity. The current CEO of the club is Kathryn McLay.
The club has been able to win customers by offering some features like free shipping to its plus members. The revenue of Sam’s Club is $64 billion in 2021.
Seiyu Group
Seiyu Group
This is a Japanese retails store group consists of supermarkets, department stores, and shopping centers. It was formed in the year 1963 by Seibu Department Stores. It is home to a great collection of fresh food, general merchandise, and clothes and offers them to its customers.
In the year 2002, Walmart bought about 37% of Seiyu. While in 2003, a deal was signed between Seiyu and Walmart that states it will teach global supply chain practices to the former. Walmart became the owner of Seiyu in 2008 after obtaining the majority stake of the company. With its headquarters situated in Tokyo, Japan, the company is headed by Lionel Desclee.
Founded in the year 2014 by Marc Lore, Mike Hanrahan, and Nate Faust, this is an E-commerce retail store, where one can get anything from groceries to beauty products. The headquarters was situated in New Jersey, United States.
In the month of August of 2016, Walmart acquired Jet.com with $3 billion in cash and $3 million in Walmart stocks. It is considered the biggest purchase of an e-commerce site in the history of this industry. Unfortunately, Walmart closed Jet.com in the year 2020.
Eloquii
This online plus-size clothing store designed trending clothes and accessories for plus-size people. Eloquii Design with its headquarters situated in New York, United States was founded in the year 2012 by Jodi Arnold, John Auerbach, Julie Carnevale, and Steve Zawada.
Walmart acquired Eloquii in the year 2018 by paying $100 million in cash. Currently, the CEO of this online clothing store that is the destination of fashion for plus-size people is Mariah Chase.
Flipkart
India’s one of the largest online retail stores was founded in the year 2007 by Binny Bansal and Sachin Bansal. It is situated in Bangalore, India; it is undoubtedly currently one of the biggest online marketplaces that offers 30 million products to its customer in 70 plus categories.
Walmart in 2018 grabbed the opportunity and acquired Flipkart for $16 billion. From 100 orders per day to 10,000 orders per day, it has come a long way, Walmart decision to acquire it is surely one of the greatest deals. The CEO of Flipkart is Kalyan Krishnamurthy and its revenue as of 2020 is Rs 34,610 crore.
The biggest Mexican food and beverage store was founded in the year 1958 as Aurrera. In 2001, Walmart bought Bodega Aurrera, currently, its headquarters is situated in Mexico City, Mexico.
This subsidiary of Walmart is the leading grocery store and has over 2044 plus stores all over the region. As of now, the CEO of Bodega Aurrera is Raul Quintana.
Moosejaw
Moosejaw
This retail store mostly offers outdoor clothing like sweatshirts, hats, short shoes, and objects required for camping and traveling. Founded in the year 1992 by Robert Wolfe and David Jaffe, this online e-commerce site was acquired by Walmart in the year 2017 for $51 million. From snowboarding to rock climbing, to hiking, every item needed for this adventure can be found in Moosejaw.
With acquiring so many subsidiaries since its founding in 1962, it has become one of the biggest companies in the world and took the spot of Number 1 by revenue. Apart from offline retail stores, it is acquiring the biggest e-commerce stores of different countries to spread its business. Walmart is in the mood of world domination and at this point, it is not going to stop at any moment.
FAQ
Who owns Walmart?
Walmart is owned and controlled by the Walton family.
What is the revenue of Walmart?
The revenue of Walmart is 55,920 crores USD as of 2021.
Megha Rani
