2022 Global Retail Rankings Released, Amazon Ranks Second

Recently, Deloitte released the " 2022 Global Retail Power Report", which reviewed the global economic situation and its impact on the retail industry, and identified the world's 250 largest retailers based on public data from the 2020 fiscal year (July 1, 2020 to June 30, 2021).

The report shows that the world's top 250 retailers generated US$5.1 trillion in revenue in fiscal 2020, with a compound growth rate of 5.2%.

Walmart ranked first in the world with $559 million in revenue, while Amazon ranked second with $214 million in revenue. Although Walmart's retail revenue was more than twice that of Amazon during the reporting period, Amazon is narrowing the gap with Walmart (6.7%) at an annual growth rate of 34.8%.

It is worth noting that although 7 of the top 10 companies in the world are headquartered in the United States, JD.com, a Chinese company, has also successfully entered the top ten, advancing from 13th to 9th place.

The Deloitte report mentioned that despite the many challenges faced by retailers in 2021, the top 250 have surpassed the previous year in all key growth indicators . The top 10 retailers have also achieved double-digit growth, and even Chinese companies have been included in the list for the first time in history .

In addition, the fast-moving consumer goods industry accounts for the largest share among the top 250 retailers. Since some stores of these grocers are still open during the epidemic and they have opened up online e-commerce sales channels, this has brought considerable income to retailers.

The durable consumer goods and leisure goods industries also experienced strong growth, with the highest year-on-year growth in retail revenue for these categories. Due to the reduced travel and increased time at home caused by the epidemic, consumers hope to improve their quality of life and provide indoor and outdoor entertainment through these products.

Year-on-year revenue growth for diversified products is second only to consumer durables and leisure goods, with e-commerce being a key driver of growth for the sector. Although apparel and accessories retailers took a hit in fiscal 2020, the sector is showing signs of rebounding.

At the same time, the concept of sustainable development is becoming increasingly popular, with 55% of consumers saying they have purchased sustainable products or related services in the past four weeks.

Deloitte's report this year mentioned that almost all of the top 250 retailers have outlined their environmental, social and governance (ESG) commitments and are publishing ESG-related metrics. The sustainability certification of their products and brands is a core strategic part of retailers' business targeting millennial and Gen Z customers.

Amazon

Walmart

JD.com

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