Despite tough economic conditions, revenues for the world’s 250 largest retailers reached $4.3 trillion in the last fiscal year (June 2012 through June 2013). The average size of the top 250 retailers exceeded $17 billion according to the 2014 Global Powers of Retailing report from Deloitte Touche Tohmatsu Limited (DTTL), in conjunction with STORES Media.
There was a shake-up among the world’s 10 largest retailers last fiscal year, mostly as a result of a series of divestments. As a group, the top 10 grew more slowly than the top 250 the past fiscal year with retail revenue growth of 4.2% versus the 4.9% growth in the previous fiscal year. While Wal-Mart increased its lead, Carrefour, formerly the world’s second-largest retailer, fell to fourth place following back-to-back years of declining sales primarily attributable to the spinoff of the Dia hard discount chain in July 2011.
For a full list of the top 250, click here.
Tesco, which jumped this year to second place, was also impacted by discontinued operations after shuttering its Fresh & Easy operations in the United States.
For the first time ever, the report also includes a list of the world’s top 50 e-retailers and found that more than three-quarters of them (39 companies) are part of the top 250 retailers globally.
“The global retail industry got off to a difficult start in the last year,” said Dr. Ira Kalish, DTTL Chief Global Economist. “However, it is encouraging to see that the world’s leading retailers were able to plough on through the difficult period to reap the rewards of increased consumer spend.
"This has served to provide a much needed boost to global revenues with nearly 80 percent of the top 250 (199 companies) retailers posting an increase in retail revenue. Interestingly, for the first time this year’s report shows that some of the top retailers undertook a series of sell-offs in order to remain profitable and ride out the tough trading period,” Kalish added.
Rank 2012 retail revenue (US$m)1 Wal-Mart Stores, 469,1622 Tesco PLC 101,2693 Costco 99,1374 Carrefour 98,7575 The Kroger 96,7516 Schwarz 87,2367 Metro 85,8328 The Home Depot 74,7549 Aldi Einkauf 73,03510 Target 71,960
© 2014 - European Supermarket Magazine by Enda Dowling
