Global market research company Euromonitor International and Retail Asia Publishing have released its annual ‘Retail Asia Top 500 Retailers Ranking’ report, listing the largest retailers in the region.
Now in its 11th edition, the study is conducted each year by Euromonitor and is an accumulation of the company’s retailing data and analysis ranking the top retailers from 14 key economies across Asia Pacific in terms of total sales, number of outlets, sales area (square metre) and sales per square metre.
According to the report, the top 500 retailers in the Asia-Pacific region had total combined revenue of US$1.035 trillion in 2013, down nearly 3% from the previous year, due to a weakening yen.
Japan still dominates the top 10 positions in the Retail Asia Top 500 Ranking, and together, they form a significant group particularly in terms of value sales as a whole, impacting total sales in the region.
“Convenience store retailers made up the majority of the top 10 positions, and all were from Japan,” said Euromonitor.
However, according to the report, China has officially overtaken Japan with the overall highest number of entries. In fact, China’s share of the Top 500 list has continuously grown from 19 percent in 2009 to over a 31 percent share in 2013.
Other key findings include:
– Hypermarkets saw the largest increase in value sales in 2012 – 10.9% in current terms. The majority of sales in the ranking were from department stores however, making up 20% of all value sales.
– Internet retailers enjoyed double digit growth. The top 10 Internet retailers in Asia Pacific generated sales totalling US$110 million in 2013 – a 23% increase from the previous year.
– Online retailing continues to be a key and growing channel for retailers, particularly in the face of rising overheads and the labour crunch in many countries in Asia Pacific.
– Over the next five years, Middle East, Africa and Asia Pacific will generate the highest amount of new sales worldwide.
The following brands ranked as the top 10 retailers in Asia Pacific, with their total sales in US dollars:[/vc_column_text][dt_gap height=”10″][/vc_column][/vc_row]