German group Schwarz, the company which owns retail chains Kaufland and Lidl becomes the top European retailer in a study conducted by financial firm Deloitte. The study “Global Powers of Retailing 2017,” ranks Schwarz as the fourth largest retailer in the world, and first among European organizations.
The current year’s report was focused on the theme of “The art and science of customers,” and listed top 250 retailers around the world based on their performance for the financial year 2015. The list also identifies top 50 fastest growing retailers along with 50 biggest e commerce retailers.
Schwarz amassed sales revenue of 94.4 billion dollars in 2015 and thus managed to maintain fourth place in the rankings, after rising 8.1% in this indicator compared to the previous year. Schwarz has stores in 26 countries.
While the minimum retail revenue required for getting included in the top 250 list was US $ 3.5 billion, the average revenue of top 250 companies was US $ 4.31 trillion. The largest retail chain in the world is still US group Wal-Mart, which posted leads the standings with sales revenue of 482 billion dollars accumulated from its stores in 30 countries. The podium is completed by two other US companies, Cosco Wholesale Corporation and The Kroger. All three companies occupied the same position in the previous year as well.
Walgreens Boots Alliance, another US company climbed up 5 positions to bag the fifth spot, just ahead of The Home Depot, which bettered its position by three positions. The biggest loser was UK’s largest supermarket, Tesco which lost four positions to be placed ninth in the list. Carefour and Aldi came at seventh and eighth positions respectively. Amazon advanced to 10th position in the top 10 retailer list by rising two positions.
Other major European supermarkets that could find a place in the top 250 list are: Auchan Holding (16), Edeka Group(18), J Sainsbury (28), Wm Morrison (40), Marks and Spencer (58), John Lewis (65), Coop (87), Iceland (220). A total of 85 European companies were included in the top 250 list, of which 15 were from the UK, 17 from Germany and 12 from France. 88 North American companies and 88 US companies also found place in the top 250 list. There were 59 companies from Asia Pacafic region while, 9 from Africa/Middle East and 9 from Latin America.