global powers of retailing 2018

Perspectives

Global Powers of Retailing 2018

Transformative change, reinvigorated commerce

It is a transformative time in retail. The shopper is clearly in the driver’s seat, enabled by technology to remain constantly connected and more empowered than ever before to drive changes in shopping behavior.

The 21st annual Global Powers of Retailing identifies the 250 largest retailers around the world based on publicly available data for FY2016 (fiscal years ended through June 2017), and analyzes their performance across geographies and product sectors. It also provides a global economic outlook and looks at the 50 fastest-growing retailers and new entrants to the Top 250.

This year's report focuses on the theme of “Transformative change, reinvigorated commerce”, which looks at the latest retail trends and the future of retailing through the lens of young consumers. To mark this 21st edition, there will also be a retrospective which looks at how the Top 250 has changed over the last 15 years.
Global Powers of Retailing Top 250

The top five largest retailers maintained their positions on the leader board. A combination of organic growth, acquisitions, and exchange rate volatility shuffled the rest of the Top 10—which now accounts for 30.7 percent of the overall Top 250’s retail revenue (compared to 30.4 percent last year).

Retailers of fast-moving consumer goods¹ (FMCG) are by far, the largest companies (average retail revenue of nearly US$21.7 billion) as well as the most numerous (135 retailers accounting for 54 percent of all Top 250 companies and two-thirds of Top 250 revenue).

Transformative change, reinvigorated commerce
  • The rules of retailing are being rewritten in this time of transformative change. Innovation, collaboration, consolidation, integration, and automation will likely be required to reinvigorate commerce, profoundly impacting the way retailers do business now, and in the future. Across the retail industry, disruption of traditional business models has given way to unprecedented and transformative change—change required online and offline to better serve more demanding shoppers and redefining customer experience.
  • The four trends identified in the report are:
  • Building top-notch digital capabilities
  • Combining bricks and clicks makes up for lost time
  • Creating unique and compelling in-store experiences
  • Reinventing retail with the latest technologies

Swiss retailers withstand international competitiveness

Swiss retail market leaders Migros and Coop both moved up in the top ranks of the 250 largest retailers worldwide: Migros (with retail sales of USD 24.1 billion) at number 39 – two position up from previous year – and Coop (with retail sales of USD 22.4 billion) at number 43, also two up. The Geneva-based luxury goods holding company Richemont also gained three positions up and ranked at number 138. The Swiss travel retailer Dufry grew sales far above the region’s average and ranked at 127 (last year: rank 152). The Basel-based company expanded successfully during the last years with retail sales of 7.7 billion in 2016 and an average of 24.4% growth since 2011.

View or download the report

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