The US National Retail Federation and Kantar have released their annual list of the top 50 global retailers, with some familiar names making the cut.
Although Australian retailers are noticeably absent from the top 50, many of the retailers represented have significant stakes down under.
So, let’s look at the leading retailers in the world when it comes to the top 10 who made that list.
The top 10 global retailers
The top 10 global retailers list reads like a who’s who of readily recognisable brands, with the USA, Germany, the Netherlands and China represented as the four countries with considerable success growing global empires well beyond their shores.
To make the cut, retailers were assessed on their direct selling in at least three countries, franchise sales where applicable, and marketplace sales and sourcing alliances.
Kantar’s Senior Vice President of Global Insights & Technology, David Marcotte, noted 2020 provided numerous challenges to retailers as they adapted to changing consumer demands and delivery methods.
“Counterintuitively for many retailers, it was the best year in their history as shoppers had a range of new needs resulting from working from home and various levels of lockdowns,” he noted.
“However, for other retailers, primarily those in malls, urban areas or in countries with strict lockdown orders, it was a year of major sales losses.”
Here’s who made the cut when it came to the global top 10…