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Wesfarmers and Woolworths in Deloitte’s Global Top 20
Deloitte has released its Global Powers of Retailing 2013 report, with a complete ranking of the top 250 global retailers.
Out of a list of 250 retailers, Woolworths has managed to gain one place to be ranked at 17th, while Wesfarmers has leapt three places, from 21 to 18.
While this report demonstrates the success of these businesses on a global stage, it also demonstrates the level of competition between the major Australia supermarkets, with the Wesfarmers-owned Coles brand quickly catching up to Woolworths.
According to News.com.au, analysts are predicting Coles to grow faster than its rival for a few years to come, as the supermarket chain completes a five-year turnaround strategy that began in 2008.
The Deloitte report also demonstrates that these retail companies have managed to grow despite a severe lack of consumer confidence amid an uncertain economic environment.
“Despite a stumbling global economy, consumers continued to spend and the retail industry kept rolling,” the report says.
Deloitte’s Top 20 Global Retailers
- Wal-Mart (US)
- Carrefour (France)
- Tesco (UK)
- Metro (Germany)
- The Kroger Co. (US)
- Costco (US)
- Schwarz Unternehmens Treuhand (Germany)
- Aldi (Germany)
- Walgreen Co. (US)
- The Home Depot (US)
- Target (US)
- Groupe Auchan (France)
- Aeon Co. (Japan)
- CVS Caremark Corp. (US)
- Edeka Zentrale AG & Co. (Germany)
- Seven & i Holdings Co. (Japan)
- Woolworths (Australia)
- Wesfarmers (Australia)
- Rewe Combine (Germany)
- Best Buy (US)