Analysis
29 Mar 2023
Global Powers of Retailing 2023
The Global Powers of Retailing report identifies the 250 largest retailers around the world based on publicly available data and analyzes their performance across geographies and product sectors. The report zooms in on the Top 10 and Top 250 retailers, looks at the fastest growers and new entrants, and provides an economic outlook for 2023
The report shows the top 250 companies posting 8.5% year-on-year growth in retail revenue, up from 5.2% in the previous year. The apparel and accessories sector achieved the highest annual sales growth with 31.3%.
The top 250 retailers achieved an average net profit margin of 4.3%. With 73% of Consumer Industry CXOs having increased investments in sustainability over the last year, this remains high on the agenda.
This year’s report includes a new section around creating the future of the store and the integration of emerging technology in the retail industry. It also investigates what retailers are doing in the field of sustainability.
