The National Retail Federation (NRF) has presented the next rating of the world's largest retailers - Top 50 Global Retailers.
In fact, compiling such a rating is a much more difficult task than it might seem at first glance. Moreover, its solution becomes exponentially more difficult every year. After all, there are many ways to assess the market and many different opinions, which over time there are more and more.
NRF's methodology uses a system that awards points to retailers based on international revenue, participation in franchises and alliances outside their local region, and their ability to sell online. Both public and private companies were considered. To be considered at all, a company must be a retailer and have direct sales in at least three countries. And if a franchise is used, then the name of the outlets must remain unchanged in different countries.
The 2020 rankings haven't changed much compared to 2019, and even 2018. The leader in terms of revenues received remains walmart, followed by a fairly large margin Amazon. Third place was again held (although not without difficulty this time) by the German retailer Schwarz Group, which owns the Lidl supermarket chain.
In the 2020 ranking, there were only two global changes. First, fast-growing Chinese retailer Alibaba climbed three spots at once, from seventh to fourth. Secondly, Tesco left the Top 10 list for the first time in many years. In general, a decrease in the rating was noted in 9 of the 50 largest world retailers.
The top ten largest world-class retailers are as follows: