According to the Global Powers of Retailing 2022 report just presented by Deloitte, the top 250 global retailers generated revenues of $5.110 billion in the fiscal year 2020 (the period between July 2020 and June 2021), growing +5.2%, up +0.8% compared to the previous year. Conad ranked 61st overall, is Italy’s top retailer.
“In the year of the pandemic, we have witnessed the rapid growth of many players in the retail world. E-commerce has jumped ahead like never before thanks to the unstoppable rise of online purchases. Food & beverage companies that primarily interacted with restaurants and the hospitality industry saw sales increase as many products shifted to home consumption,” says Enrico Cosio, Deloitte Partner for Retail, Wholesale & Distribution.
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THE TOP 10
The top ten retailers contribute 34.6% of the total revenue generated by the world’s top 250 retailers (+1.9% compared to the previous year). The top four positions are stable: Walmart is confirmed as the biggest retailer in the world, followed by Amazon, Costco, and Germany’s Schwarz Group. Amazon almost doubled the value of its retail sales compared to the previous Fiscal Year, with an annual growth of +34.8%.
In 2020, the top ten also featured a new e-tailer: JD.com. The Chinese e-commerce giant, and Alibaba’s main rival in the online market, gain four positions compared to FY2019 by ranking ninth. This is the first Chinese company to make it into the top ten most important and influential players in global retail. Which shows how the Chinese market is becoming increasingly relevant globally.
TOP 250: EUROPE HAS THE LARGEST NUMBER OF RETAILERS
Europe is still the most represented continent in the Top 250 ranking. Ninety brands are based on the continent (twelve more than in North America and three more than the previous year). However, only two of these are in the Top 10 (Schwarz and Aldi Einkauf).
European companies contribute 32.7% of total retail revenue in the Top 250. The most represented countries are Germany (18 companies), the UK (15), and France (11).
“While retaining a net profit margin nearly average with the overall ranking, European players are showing the effects of pandemic-related shutdowns through a selloff in growth. The year-on-year growth rate is the lowest among the geographic areas considered. Despite an environment full of difficulties, many companies on the continent still achieved double-digit growth,” says Cosio.
THE GOOD PERFORMANCE OF ITALIAN RETAILERS
Italy’s large-scale retail sector also reports a generally positive performance in FY2020. Three out of four of the Italian players present in the Top 250 close the year with growing YOY revenues compared to FY2019.
Conad is confirmed as the first Italian giant, placing 61st. It is followed by Coop (77th), and Esselunga (116th). Eurospin gains ten positions thanks to its excellent performance, placing 153rd in the Top 250.