The National Retail Federation’s annual ranking of the Top 100 Retailers, based on 2024 U.S. sales, has remained remarkably consistent since last year, with the top 13 retail companies — led by Walmart and Amazon in the first and second spots — remaining essentially the same. Target slipped down a notch, from No. 7 to No. 8 in 2025, trading places with Walgreens Boots Alliance.
