Flywheel’s annual Top 50 list of European food retailers reveals that four German retailers are among the five largest companies by turnover: Schwarz Group (1), Rewe Group (2), Aldi (3) and Edeka (5). The ranking was based on the retailers’ gross sales forecast for the entire 2024 financial year. Schwarz Group stands far above its pursuers with estimated revenues of 186 billion euros, equal to the amount as the combined turnover of second-placed Rewe (€97.1 billion) and third-placed Aldi (€89 billion). French retailer Carrefour ranks fourth with €73.8 billion and Edeka closes the top 5 with €73.2 in sales.
Following them in the ranking are Tesco (€72.7 billion), E. Leclerc (€50.5 billion), Ahold Delhaize (€43.3 billion), Intermarché (€43.2 billion) and X5 Retail Group (€41.9 billion). All but one retailer in the full top 50 list reported sales grow this year. The only exception was French retailer Casino, which saw a 20% decline after years of debt-fuelled acquisitions and a declining market share. The list was published by Lebensmittel Zeitung.