This year's Global Retailers Top 50 has a new player in the form of Chinese e-commerce giant JD.com.
The National Retail Federation (NRF) has presented the next Top 50 Global Retailers ranking, which includes the world's largest retailers for 2021. The rating was compiled on the basis of the activities of the companies included in it. in 2020.
Tops the rating is still the same walmart, confidently occupying leadership positions with a significant margin from competitors for many years. The second place traditionally went to Amazon, and the third is still occupied by the German retailer Schwarz Group, best known for its Lidl supermarket chain. In other words, there were no changes in the top three.
4th and 5th places were taken by Aldi and Alibaba, respectively. At the same time, the German chain has significantly improved its position compared to last year, when it was in 8th place, displacing the Chinese retailer from its previous 4th place.
The main change in the top ten was the arrival of a new player in the form of Chinese giant Jingdong Mall, better known simply as JD.com. It overtook the French Auchan in 10th place, which now moved immediately to 12th place, also losing to the American pharmacy company Walgreens Boots Alliance, which took 11th place.
When compiling the Top 50 Global Retailers ranking, a variety of characteristics are taken into account, profit alone is not enough here (although this indicator is also taken into account). For example, it is important that a retailer has direct investments in at least three countries of which at least one is not adjacent to the company's home market. The company's ability to use different sales channels, how it works on a franchise model, and what alliances it enters into is taken into account. A number of additional criteria had to be taken into account also due to the coronavirus pandemic, which had a huge impact on world trade.