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Jerónimo Martins rises to 50th place among the world's largest retailers

The Jerónimo Martins Group ranks 50th among the world's largest retailers, according to the 2020 edition of "Global Powers of Retailing" released by Deloitte. Compared to the same survey, conducted ten years ago, the Group rose 44 positions in the ranking. In 2019 the Group was ranked 55th, having climbed 5 positions.

This is the 23rd edition of the survey that identifies the 250 largest retailers around the world, based on publicly available data for fiscal year 2018 (which ended up on 30 June 2019).

Deloitte's analysis highlights that "the Group that holds the Pingo Doce and Recheio banners in Portugal, Biedronka and Hebe in Poland and Ara in Colombia posted consolidated revenues in the amount of 20.453 billion US dollars, having recorded an average annual sales growth of 7.9% between 2013 and 2018."

Walmart continues to lead and Amazon in the Top-3

The food retail sector, with 136 companies, is the one that contributed the most to the Top-250, representing 66.5% of the total revenue generated.

Amazon continues its approach to the top positions and rose to 3rd place on the list led by Walmart (1st place) and Costco (2nd place).

The podium is made up of retailers of American origin, but Europe is the continent most represented in the Top-250, with 88 companies based in the region generating 34.4% of total revenues. Germany (19), the United Kingdom (14) and France (12) are the European countries with the highest number of companies in the ranking.
“One of the key factors that differentiates European retailers from those of the rest of the world is their ability to internationalise their businesses and their significant capacity to leverage the phenomenon of globalisation. Besides the physical presence of their stores on a global scale, European retail companies have also started investing in e-Commerce and the digital transformation of their businesses, which means their growth potential could be even more significant,” explains Pedro Miguel Silva, Deloitte's retail industry partner.

The Jerónimo Martins Group already announced its preliminary sales figures for 2019, with consolidated turnover growing 7.5% to 18,638 million euros.