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Exploring the Global Retail Landscape: A Regional Perspective

The world of retail is a vibrant tapestry, woven with diverse threads of performance, influenced by market size, government policies, taxation, and geopolitical factors. To comprehend the dynamics of the retail sector, we delve into the Global Powers of Retailing report, which dissects the performance of the Top 250 retailers across various regions.

Africa/Middle East: Growing Horizons

In the Africa/Middle East region, ten prominent companies command a combined retail revenue share of 1.3% within the Top 250 list. South African giant Shoprite is setting ambitious goals, with plans to open 275 stores in the coming year. Shoprite, the region’s leading retailer, achieved a remarkable 9.6% retail sales growth, reinforcing its position.

Cumulatively, companies in this region achieved an impressive 8.6% growth in retail revenue in FY2021. The standout performer was Turkey, with an astonishing 31.6% retail revenue growth. Among the top-five retailers in the Africa/Middle East region, a shift was witnessed, with market share growing from 61% to 63%, led by Steinhoff, BİM Birleşik Mağazalar, and A101 Yeni Mağazacılık, all experiencing double-digit growth.

Asia Pacific: Rising Giants

The Asia Pacific region contributed significantly, with 60 companies in the Top 250 retailers, accounting for 15.7% of total retail revenue. Noteworthy retail markets in this region include South Korea, Japan, and China (including Hong Kong SAR), with retail revenue growth rates of 3.9%, 11.1%, and 10.8%, respectively.

Driving this growth are key players like Coupang (South Korea), Seven & i (Japan), and Alibaba (China, including Hong Kong SAR). Their remarkable performances were bolstered by digital sales channels and international expansion. The composite Compound Annual Growth Rate (CAGR) for companies in the Asia Pacific region from FY2016-2021 stands at 6.7%, surpassing the previous year by 3.3 percentage points.

Europe: The Luxury Fashion Surge

Europe is a retail powerhouse, boasting 90 companies in the Top 250, contributing 33.2% to total revenue. The most noteworthy growth in this region came from luxury fashion brands, with LVMH leading the charge with a staggering 51.4% year-on-year growth, reaching nearly USD 56.3 billion.

LVMH’s success can be attributed to its acquisition of Tiffany & Co, coupled with organic growth in Asian and US markets, especially through online channels. Europe also claims the second-largest net profit margin at 4.4% among geographical regions in FY2021.

Latin America: An Emerging Force

Latin America, with 11 retailers in the Main 250, addresses 1.8% of worldwide retail income. Quite, this locale recorded the biggest composite five-year Accumulate Yearly Development Rate (CAGR) and year-on-year retail income development in FY2021. Driving the charge was Mexican retail chain El Puerto de Liverpool, accomplishing an amazing 35.5% year-on-year retail income development.

Chile arose as the quickest developing business sector in the area, flaunting a 18.5% retail income development. This development was essentially determined by S.A.C.I Falabella, a Chilean retail chain and home improvement retailer, which saw a 25% increment in clients, driven to some extent by the send off of their new web-based commercial center and home-conveyance administration.

North America: The Force to be reckoned with

North America is a retail juggernaut, contributing 47.9% of worldwide retail income with 79 organizations in the Main 250. In the district, a 8.9% year-on-year composite retail development was recorded. Strangely, practically 46% of North American retailers accomplished twofold digit yearly retail income development in FY2021, a significant increment contrasted with the earlier year.

Purchaser shopping conduct kept on reinforcing in-store deals, with the biggest yearly retail development rates saw in clothing and frill retail. Driving the charge in this area were retailers like Neiman Marcus, Burlington Stores, and Dillard’s.

Strategy and Experiences

While worldwide retailers frequently work in different districts, this report represents 100 percent of each organization’s deals inside the locale of its base camp, regardless of whether deals happen outside that area. For an inside and out investigation of every district’s commitments and experiences into the nations and organizations driving territorial retail income, download the full Worldwide Powers of Retailing 2023 report.

This far reaching report dives into the main 250 retailers, the quickest cultivators, and offers an examination of execution across item areas. It additionally investigates the developing scene of maintainability and the fate of the retail location.

Go along with us on this excursion of revelation, where development, manageability, and advancement merge in the consistently advancing universe of retail. We anxiously expect to associate with you to investigate these thrilling stories further.

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