2023-03-22-德勤-2023年全球零售力量（英文）_74页_5mb

Global Powers of Retailing 2023 Summary

Introduction

The Top 250 global retailers achieved strong year-on-year revenue growth of 8.5% in fiscal year 2021 (FY2021), recovering from a challenging FY2020 impacted by the pandemic. Sustainability and digital transformation remain key priorities, with technology increasingly embedded in retail operations to enhance customer experience and efficiency.

Global Economic Outlook

• Inflation is expected to decline, though unevenly across regions. Energy prices remain a concern for Europe.
• Supply chain disruptions are easing, particularly in China, enabling pent-up demand to materialize.
• US-China geopolitical tensions pressure global supply chains, accelerating diversification efforts toward Southeast Asia, India, and Mexico.

Top 250 Overall Performance

• Revenue Growth: The Top 250 grew retail revenue by 8.5%, while the Top 10 grew by 8.0%. Apparel and accessories led growth at 31.3%, boosted by pent-up demand and resurgent consumer spending post-pandemic.
• Profitability: The composite net profit margin reached 4.3%, higher than in FY2020.
• Foreign Operations: 23.4% of Top 250 revenues came from foreign operations, up from 21.3% in 2020.

Key Retail Sectors and Growth Drivers

• Luxury goods (e.g., LVMH) and e-commerce providers (e.g., JD.com) led growth in the Top 10 rankings, highlighting a digital retail revolution.
• Sustainability investments are rising; circularity initiatives, like resale platforms and recycled materials, are gaining consumer traction.
• Expansion into new digital channels (e.g., dark stores) and services (e.g.,concierge) supports omnichannel strategies.

Regional Performance

• North America: Led by the US, with strong digital growth from Amazon and Walmart.
• Europe: Composite growth of 6.9%, slowed by Brexit-related issues and supply challenges. Luxury goods posted high growth.
• Asia Pacific: Drove growth with remarkable performances from South Korea (EG Group), Japan (Seven & i), and China (Alibaba).
• Latin America: Notable growth amid e-commerce expansion, particularly in Brazil and Chile.

Sustainability and ESG Trends

• Record investment in renewable energy, circularity (reduced plastic use & product take-back programs), and “Scope 3” emission targets.
• Frameworks like TCFD, SASB, and CDP are increasingly shaping corporate strategies.
• Digital tools, especially AI and blockchain, are enhancing sustainability reporting and supply chain transparency.

Challenges

• Rising food and labor costs, particularly in traditional retail models;
• Supply chain bottlenecks remain in some regions, potentially exacerbated by geopolitical tensions;
• Measuring environmental impact and embedding ESG across value chains requires robust tools and infrastructure.

Fastest 50 Growth: 2016-2021 CAGR

• Top 5 fastest-growing companies include Alibaba (CAGR 153.1%) and EG Group (75.1%);
• Africa, India, and Asia-Pacific drove much of this growth through digital-first models.

Methodology

• Based on company-reported data adjusted for currency, fiscal year, and non-retail operations.
• Excludes companies with insufficient data; conglomerates and B2B-heavy firms may not align.
• Focuses on sales-weighted composites to ensure regional and sector comparability.

Conclusion

The decade-long digitalization and sustainability shifts are accelerating in retail, confirmed by both revenue growth and commitment to change. Value chains are redefining competitiveness through technology integration, circularity, and resilient operations in the post-pandemic landscape.