The UK’s JD Sports and discount retailer B&M have been ranked in a league table of the world’s 50 fastest growing retailers, compiled for Deloitte’s Global Powers of Retailing 2020 report.
JD Sports ranks seventh in the table, behind online giant JD.com (4th), furniture retailer Wayfair (2nd) and Indian supermarket business Reliance Industries (1st).
B&M is ranked 16th, outpacing Amazon.com (20th) and Nike (24th).
According to Deloitte, the aggregate retail revenue for the Global Powers of Retailing Top 250 companies reached US$4.74 trillion in FY2018 (up from US$4.53 trillion in the previous year). However, they achieved slower growth resulting in a currency-adjusted composite growth rate of 4.1 percent, lower than the previous year’s 5.7 percent growth.
The outlook for the global economy and the retail industry in 2020 is uncertain, report researchers. Overall economic growth is likely to be subdued but positive, with lower growth in consumer spending and inflation in most countries remaining low. Further uncertainty surrounding the global economy has been added by the coronavirus outbreak in China early in the year.
The report identifies the 250 largest retailers around the world based on publicly available data for FY2018 (fiscal years ended through 30 June 2019), and analyzes their performance across geographies and product sectors. It also provides a global economic outlook, looks at the 50 fastest-growing retailers, and highlights new entrants to the Top 250.
Key findings from the report
- The aggregate retail revenue for the Global Powers of Retailing Top 250 companies was US$4.74 trillion in FY2018, with an average size of US$19.0 billion per company.
- The minimum revenue for a company to enter the Top 250 rankings is US$3.9 billion, up from US$3.7 billion in the previous year.
- The Top 10 list continued to be dominated by American companies, with seven of the ten companies being based in the US.
- Europe has the highest number of Top 250 retailers, with 88 companies based in the region (35.2 percent) and its share of Top 250 revenue was 34.4%.
- The world’s Top 10 retailers are more globally focused, with operations on average in 12.8 countries versus 10.8 for the overall Top 250. European retailers remain the most globally active as they continue to search for growth outside their mature home markets.
- FMCG continues to be the largest product sector. Its 136 companies (54.4 percent of companies) generated 65.5 percent of the retail revenue in FY2018.
- E-commerce is driving high retail revenue growth among Fastest 50 companies