Skip to main content

Global Powers of Retailing 2025

Improving effectiveness and unlocking growth in the year ahead

This report examines the fastest-growing retailers, new market entrants, and the strategies retailers are using to navigate the dynamic economy.

About the report

The Global Powers of Retailing 2025 report shows the top 250 companies posting 3.6% year-on-year growth in retail revenue for FY2023*, down from 8.5% in FY2021. 

In Switzerland, Avolta (formerly Dufry) enters the ranking for the first time, while Coop and Richemont have climbed 3 places, and Migros advanced 2 places in the ranking.

The Global Powers of Retailing 2025 report offers a detailed analysis of the world’s Top 250 retailers and their performance across markets and product sectors. In an era of economic uncertainty, shifting consumer behaviours, and rapid technological evolution, this report highlights how leading retailers are adapting with resilience and innovation.

Through in-depth executive insights and a data-driven approach, the report explores the forces shaping the retail landscape—unpacking key trends, challenges, and strategies that define the industry's future.

*FY2023: financial years ending within the 12 months from 1 July 2023 to 30 June 2024.

3.6% 

 YoY retail revenue growth in FY2023.

US$6.03T

Aggregate retail revenue of Top 250 retailers.

3.7% 

Increase in net profit margin of Top 250 retailers.

6.0% 

Growth in retail sales for apparel and accessories.

Majority of Top 10 retailers improve their digital capabilities

Ranking changes show retail industry shift

The latest GPR report highlights a shift in the rankings among the world's top 10 retailers. This year, changes in retail revenue have led to some notable adjustments, reflecting the evolving landscape of the retail industry.

"Drawing on in-depth interviews with leading retail executives and a data-driven analysis of the Top 250 global retailers, this report provides a snapshot of a dynamic sector, highlighting some of the trends in the industry and the strategies employed by business leaders."

– Evan Sheehan, Global Retail, Wholesale & Distribution Leader at Deloitte

Related articles