Global Powers of Retailing 2023

Majority of top-10 retailers boost their digital Capabilities

Walmart again leads the world’s Global retailers, but we do see some changes in the top 10. China’s online retail specialist JD.com, for example, entered the top 10 at position 9 last year. This year they climbed to position 7 as a result of their 25.1% growth in retail revenue, also making them the fastest-growing top-10 retailer. For a second consecutive year, Latin American retailers recorded the largest composite five-year Compound Annual Growth Rate and year-on-year retail revenue growth.

Digital retailers benefitted from the shift towards digital shopping, during and after the pandemic. In fact, the majority of the top-10 retailers have actively boosted their digital Capabilities through either the implementation of in-store technologies or through enhancing their omni-channel Offerings.

Focus on Sustainability remains, but Type of investment is shifting

As many retailers continue to invest in Sustainability initiatives, we see four focal points in their efforts. These are:

•  the resale Market
•  the need to embed Sustainability practises across supply chain operations
•  the role of technology in Sustainability
• the adherence to ESG-related regulations and frameworks

Lululemon’s like new programme for example enables customers to buy and sell their slightly used Products. In an interview, Ahold Delhaise shared how they work on reducing scope 3 emissions on a group level and at a local level in their retail store. Read more about Sustainability strategies of the world’s leading retailers.

Explore the Global Powers of Retailing highlights online

• Economic Outlook: An overview of what retailers expect from the Global economy in 2023.
• Sustainability in retail: Explore how the world’s leading retailers are acting towards becoming more sustainable.
• Retail across the world: Outlining the performance of the top 250 retail companies by Region.
• Fastest 50 retailers: Analysing the 50 growth leaders in the retail Industry.

Explore the full Analysis in the report

The full Deloitte’s Global Powers of Retailing 2023 report  identifies the 250 largest retailers around the world based on publicly available Data for FY2021 and analyses their performance across geographies and Products sectors. It also zooms in on the top 10, looks at the fastest growers and the new entrants and investigates what retailers are doing in the field of Sustainability and creating the future of the shop.

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Inspired by these Stories of growth, Sustainability and innovation? We look forward to connecting with you.

Deloitte’s Global Powers of Retailing 2022 report reviews the global economic scenario and its impact on the retailing industry. The report identifies the 250 largest retailers around the world based on publicly available data for FY2020 (financial years ending within the 12 months from 1 July 2020 to 30 June 2021), and analyses their performance across geographies and product sectors. It also provides a global economic outlook, looks at the fastest-growing retailers, and highlights new entrants to the Top 250. This year’s report also offers an assessment of retailers’ rising sustainability efforts.

Retail’s required reading

The Global Powers of Retailing 2021 report provides a critical snapshot of where retail has been—and where it is heading. And with the global pandemic continuing to disrupt economies, anticipating customer needs has never been more critical.

Connect with us

Get in touch with our Deloitte Retail leaders to learn more about the 2022 GPR and state of retail, or visit our Retail, Wholesale & Distribution industry practice page.