AS Watson, the Hong Kong-based retail group behind Watsons, has been ranked 14th in the NRF Top 50 Global Retailers 2026 list. The ranking looks at the world’s most influential international retailers, based on their operations at the start of 2025.
AS Watson is listed with about US$38 billion in total company revenue and 15,569 stores worldwide. The top five spots go to Walmart, Amazon.com, Schwarz Group, Aldi and Costco.
| Ranking | Retailer | Home country | Total company revenues (billions) | Total worldwide store count | Ranking points |
|---|---|---|---|---|---|
| 1 | Walmart | USA | $692 | 10,816 | 509 |
| 2 | Amazon.com | USA | $422 | 620 | 397 |
| 3 | Schwarz Group | Germany | $189 | 14,667 | 294 |
| 4 | Aldi | Germany | $166 | 14,215 | 271 |
| 5 | Costco | USA | $266 | 915 | 233 |
| 6 | Ahold Delhaize | Netherlands | $103 | 9,937 | 171 |
| 7 | Carrefour | France | $93 | 13,318 | 132 |
| 8 | IKEA | Netherlands | $49 | 486 | 95 |
| 9 | Home Depot | USA | $162 | 2,362 | 94 |
| 10 | Walgreens Boots Alliance | USA | $127 | 11,605 | 85 |
| 11 | Seven & I | Japan | $66 | 38,491 | 77 |
| 12 | Rewe | Germany | $73 | 12,451 | 69 |
| 13 | Jeronimo Martins | Portugal | $40 | 7,075 | 68 |
| 14 | AS Watson | Hong Kong SAR | $38 | 15,569 | 66 |
| 15 | Apple | USA | $85 | 531 | 60 |
| 16 | Inditex | Spain | $42 | 5,336 | 59 |
| 17 | Metro AG | Germany | $31 | 7,239 | 54 |
| 18 | Tesco | United Kingdom | $73 | 4,906 | 50 |
| 19 | TJX | USA | $59 | 5,240 | 49 |
| 20 | Alibaba | China | $76 | 457 | 46 |
| 21 | Aeon | Japan | $70 | 11,042 | 41 |
| 22 | H&M | Sweden | $20 | 3,867 | 38 |
| 23 | Auchan | France | $32 | 2,283 | 37 |
| 24 | Intermarche | France | $49 | 4,088 | 36 |
| 25 | Coop Schweiz | Switzerland | $35 | 3,166 | 35 |
| 26 | Aspiag | Switzerland | $17 | 2,456 | 35 |
| 27 | Fast Retailing | Japan | $24 | 3,544 | 33 |
| 28 | Sephora (LVMH) | France | $18 | 2,172 | 33 |
| 29 | Couche-Tard | Canada | $18 | 13,291 | 32 |
| 30 | Leclerc | France | $51 | 2,006 | 30 |
| 31 | Ceconomy | Germany | $23 | 975 | 29 |
| 32 | Adeo Group | France | $23 | 1,032 | 29 |
| 33 | Decathlon | France | $17 | 1,853 | 27 |
| 34 | Action | Netherlands | $17 | 3,336 | 27 |
| 35 | Euronics International | Netherlands | $13 | 4,110 | 26 |
| 36 | Best Buy | USA | $42 | 1,103 | 26 |
| 37 | JD Sports | United Kingdom | $14 | 6,004 | 23 |
| 38 | Cencosud | Chile | $17 | 1,264 | 22 |
| 39 | CP All | Thailand | $31 | 18,589 | 21 |
| 40 | Kingfisher | United Kingdom | $16 | 1,686 | 20 |
| 41 | FamilyMart | Japan | $26 | 24,955 | 20 |
| 42 | lululemon | Canada | $10 | 765 | 20 |
| 43 | dm drogerie markt | Germany | $20 | 4,189 | 19 |
| 44 | Primark | United Kingdom | $13 | 463 | 18 |
| 45 | Phoenix | Germany | $9 | 4,336 | 18 |
| 46 | Expert | Switzerland | $9 | 1,816 | 17 |
| 47 | Reliance | India | $33 | 4,682 | 17 |
| 48 | Migros | Switzerland | $28 | 2,580 | 16 |
| 49 | Falabella | Chile | $12 | 534 | 16 |
| 50 | Lulu Group | United Arab Emirates | $10 | 313 | 16 |
AS Watson also ranks ahead of Apple and Inditex in the top 20. Other names on the list include Ahold Delhaize, Carrefour, IKEA, Home Depot, Walgreens Boots Alliance, Seven & I, Rewe and Tesco.
The result places a major Hong Kong retailer among the biggest global names. The NRF list is compiled with research support from Kantar and focuses on retailers with significant international footprints.
It is designed as a snapshot of global scale rather than a sales league table for a single market. The ranking includes groups from grocery and discount retail to home, pharmacy and fashion.
Header Image Credit: AS Watsons | Media OutReach Newswire