Sales of major brands continue to grow, despite the difficult economic situation.
The total revenues of the world’s top 25 retailers increased by 7.1% to $3.5 trillion in 2022, according to a study by GlobalData. Experts note that sales of major brands continue to grow, despite the difficult economic situation.
After the pandemic, more and more consumers are shopping online, which provides additional growth in the market. Major online retailers such as Amazon, JD.com and Alibaba have seen a compound annual growth rate of more than 20 percent in revenues in recent years.
Alimentation Couche-Tard, Seven & i, Costco and CVS Health saw double-digit revenue growth from 2018 to 2022. Significant growth was seen in the home goods and pharmaceutical segments.
In particular, Alimentation Couche-Tard announced revenue growth of 37.3% and a CAGR of 5.1%. Seven & i recorded 35% revenue growth in 2022, Costco increased sales by 15.8%, and CVS Health increased sales by 10.4%.
Experts believe that the strong performance of some of the world’s largest retailers is due, among other things, to rising sales prices for motor fuel and the positive impact of currency exchange rates.
Want to share your company’s latest updates, store openings, or partnerships?
Michael Jordan gets only 5% of revenues.
South Korean electronics maker Samsung Electronics' net profit fell 37.8% year-on-year to $4.3 billion.
Several malls opened in Qatar in 2021, with new openings planned for the fourth quarter of 2022.
Central Pattana unveils The Central, a new US$575m mall in Bangkok’s fast-growing northern district with a planned opening in late…
Singles’ Day 2025 breaks new global records with $150B+ in sales. Discover the top categories, data insights, and retail trends…
MixC Shenzhen Bay opens in Shenzhen’s Nanshan district, blending luxury retail, art, and lifestyle into one destination, redefining the Asian…
