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Inside Retail<\/em>\u2018s annual ranking of Australia\u2019s top 25 retailers by revenue, see bottom of the article, provides an indispensable snapshot of the retail industry.\u00a0<\/p>\n Half of Australia\u2019s largest retailers suffered a decline in profits in FY25 financial year. The <\/em>ranking of Australia\u2019s top 25 retailers for 2025 underscores the struggle to achieve sustainable earnings growth.<\/p>\n Some retailers appear to have taken a strategic decision to sacrifice profit gains to protect market share and increase sales.<\/p>\n For other retailers, the escalating costs of doing business, competition from global online retailers, changing consumer spending habits, business restructuring and crime are all making an impact on the bottom line.<\/p>\n Illustrating the pressure that global e-tailers are exerting on the sales and profit margins of local retailers are the FY25 revenues of Amazon, at $7.7 billion, Temu, at $2.6 billion, and Shein, at around $1 billion.<\/p>\n Also, changing consumer purchasing behaviour is gradually eroding the sales and earnings of liquor and fast-food retailers in the short term \u2013 at least while demographics continue to challenge department stores.<\/p>\n Despite three cuts in interest rates by the Reserve Bank in 2025, consumer spending remains subdued and heavily focused on promotional events and deep discounts.<\/p>\n The Inside Retail<\/em> rankings of Australia\u2019s largest retailers, measured by revenue, indicates many are feeling the pinch but the extent of sluggish consumer spending has also shown a 0.4 per cent decrease in retail businesses in FY25.<\/p>\n This is the first time in more than a decade of publishing the Top 25 retailers that they have reported a fall in earnings in the latest financial year.<\/p>\n The headline profit falls include Woolworths, Myer, Big W, Endeavour Group, Super Retail Group, Mitre 10, Coles Liquor, Reece, Domino\u2019s Pizza, Collins Foods, 7-Eleven, KMD, Officeworks and KMD Brands.<\/p>\n Some of the retailers who are just outside the Top 25 also had earnings tumble in FY23, including Accent Group, and David Jones, while Solomon Lew\u2019s Premier Retail banked a profit offloading his underperforming apparel brands to Myer.<\/p>\n The positive earnings growth retailers included JB Hi-Fi, Kmart, Costco, Aldi, Harvey Norman, Coles, Chemist Warehouse and Bunnings.<\/p>\n While profits have been squeezed in tight retail conditions through Covid and the subsequent hangover years, Australia\u2019s leading retailers have achieved substantial sales growth since FY20.<\/p>\n Woolworths, the nation\u2019s biggest retailer, has added $10 billion in sales from its Australia and New Zealand supermarkets in the past six years to post annual sales of $59 billion for FY25.<\/p>\n In the same six-year period, Coles supermarket increased its annual revenue by almost $9 billion for a FY25 turnover of $40 billion.<\/p>\n Ranked third in the Inside Retail <\/em>Top 25 listings, Bunnings Warehouse, bolstered by several acquisitions, has boosted its annual sales by $6 billion, with revenue now close to $20 billion.<\/p>\n Chemist Warehouse, the \u2018Bunnings\u2019 of the pharmacy category, has reported sales of $10 billion for FY25, more than double the sales it generated in 2020.<\/p>\n Kmart\/Target, now ranked the sixth-largest retailer by sales, has captured an additional $3 billion in the past six years, for a total of more than $11 billion in the very competitive discount department store category.<\/p>\n Boosted by the acquisitions of the Good Guys and E&S Trading, JB Hi-Fi is now ranked seventh in the Inside Retail <\/em>Top 25 listings, ahead of its main rival, 10th placed Harvey Norman.<\/p>\n JB Hi-Fi has added more than $3 billion in sales in the past six years, while Harvey Norman has added almost $2 billion in the same period. JB Hi-Fi\u2019s FY25 sales topped $19.6 billion while Harvey Norman had sales of $9.3 billion.<\/p>\n None of Australia\u2019s pureplay online retailers reached the $2 billion mark to join the Inside Retail<\/em> Top 25 rankings. Closest to the mark was Kogan.com, with sales of $939 million after a 15 percent lift in revenues from FY24 to FY25.<\/p>\n Temple & Webster and The Iconic join Ikea, David Jones, Cettire, Mecca, TK Maxx, Guzman Y Gomez, Accent Group, Lovisa, Uniqlo, Nick Scali and the Ritchies and Drakes supermarket chains as retailers with positive growth trajectories.<\/p>\n The 2025 rankings include just four foreign-owned retailers: the German discount supermarket retailer Aldi and the American membership retailer Costco, along with McDonald\u2019s and the Apple corporate stores.<\/p>\n Four supermarket chains \u2013 Woolworths, Coles, Aldi and Costco \u2013 have dominant positions in the rankings, while the pharmacy category has three entries \u2013 Chemist Warehouse, Wesfarmers Priceline Pharmacy, and Terry White Chemists.<\/p>\n Retailers with franchisees on the list are Harvey Norman, Domino\u2019s Pizza, McDonald\u2019s and Hungry Jack\u2019s.<\/p>\n Australian-owned retailers in the Top 25 rankings that have retail networks outside the home market and New Zealand are Harvey Norman, Chemist Warehouse, Domino\u2019s Pizza, Reece and Cotton On.<\/p>\n Two corporate giants account for a substantial slice of the sales in the Top 25 rankings, Woolworths, with its supermarkets and Big W and Petstock chains, and Wesfarmers, with Bunnings Warehouse, Kmart\/Target, Officeworks and Priceline Pharmacy.<\/p>\n Woolworths total sales from its three chains were $64.65 billion for FY25, while Wesfarmers\u2019 total revenue for that year topped $40.3 billion.<\/p>\n The <\/em>Inside Retail Top 25 retailers is compiled from published financial reports, interviews, credible media stories and information supplied by IbisWorld, the leading economic advisory firm.<\/em><\/p>\n The post Inside Retail\u2019s 2025 league table: How the big end of retail really performed appeared first on Inside Retail Australia.<\/p>\nAustralia\u2019s Top 25 Retailers 2025<\/strong>:<\/h3>\n
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