7. The Home Depot Inc.
The Home Depot is one of the world’s largest retail chains dedicated to home improvement. In the 3rd quarter of 2021, the company reported sales amounting to $36.8 billion. That’s a 9.8% ($3.3 billion) growth, coming from sales recorded under the same period in 2020.
For the 3rd quarter of the 2021 fiscal year, the Home Depot also reported the increase of its comparable sales and comparable sales in the US by 6.1% and 5.5$ respectively. The company’s net earnings also jumped from 2020’s $3.4 billion to $4.1 billion in the 3rd quarter.
The home improvement giant currently has approximately 500,000 associates and operates more than 2,000 retail stores within the US, 10 Canadian provinces, and Mexico.
In recent years, The Home Depot embraced digital technology and has taken measures to improve its customers’ overall digital experience. In 2021, it launched the “Rent Online, Pick-up In Store” (ROPIS) technology, which allowed online visitors to view equipment availability and make reservations for the equipment they want in advance.
It also launched a mixed cart selling scheme that allows users to add products from both The Home Depot’s website and its physical stores to a single transaction. Furthermore, the company also extended its partnership with Google Cloud to boost its digital transformation measures.
8. Prosus
Branded as a “global consumer internet group,” Prosus isn’t just an investment group. It’s also Europe’s largest consumer Internet company and one of the world’s largest tech investors.
It operates and invests in a wide array of countries and markets like food delivery, e-tail (electronic retailing), and payments and fintech.
In 2021, the company’s revenue from its ecommerce ventures increased by 46% or $6.2 billion. According to Prosus Group CFO Basil Sgourdos, the value of its ecommerce business, which was pegged at $39 billion, takes up 17% of the company’s total value. To expand its ecommerce reach, the company has also adopted a “buy now, pay later” business model to attract users.
By the end of September 2021, the company reported a revenue growth of 31% or USD 16.6 billion. Its ecommerce revenue also accelerated to 60% ($4.2 billion).
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