Walmart tops a list of ten retailers found to be among the world’s 100 most valuable brands, according to research commissioned by WPP.

With a value of $39.4bn (£29.5bn), Walmart ranks 13th overall on the fifth annual Millward Brown Optimor BrandZ Top 100 Most Valuable Global Brands.

Amazon is second among retail brands, with a value of $27.4bn (£18bn). Amazon has also experienced the highest retail brand value growth, increasing by 29%.

Tesco is the most valuable British brand, and third in the global table, with a brand value of $25.7bn (£16.9).

The other retail brands listed in the top 100 are Carrefour, Target, H&M, eBay, Zara, Home Depot, Aldi and Auchan.

Although the combined value of retail brands in the ranking declined by 1% over the last year, they have performed stronger than expected in the tough economic climate.

Peter Walshe, global brand director at Millward Brown said: “Consumers will continue to need reasons to justify their purchases and will look to those brands that they trust to provide value and conform with a new set of ethical values. Successful retailers will leverage the value of their brand. As shopping becomes more of a multi-channel experience with customers comparing prices in-store and online, retail brands will also need to ensure consistent online and offline shopping experiences.”

Most valuable global retail brands

RankBrandValueChange
1Walmart$39421m-4%
2Amazon$27459m29%
3Tesco$27459m12%
4Carrefour$14980m0%
5Target$12148m-1%
6H&M$12131m1%
7eBay$9328m-28%
8Zara$8986m4%
9Home Depot$8971m-3%
10Aldi$8747m1%
11Auchan$7848mN/a
12Lowe’s$7008m10%
13Best Buy$5807m18%
14Ikea$5710m-15%
15Marks & Spencer$5699m-5%
16Asda$4922m-9%
17Kohl’s$4371m12%
18Lidl$4102m-1%
19Costco$3875m-26%
20Sam’s Club$3255m-7%
21Safeway$3255m-8%
22Sainsbury’s$2728m-4%
23Next$2569m54%
24Gap$1747m2%