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Jerónimo Martins ranks 49th among world’s largest retailers

The Jerónimo Martins Group is ranked as the 49th largest retailer in the world in the 2022 Global Powers of Retail published by Deloitte, climbing one position compared to last year's edition. According to the list published in the study, the Group is Europe's 18th largest food retailer and 32nd largest worldwide.

The 2022 report identifies the 250 largest retailers around the world and analyses the industry's financial performance in terms of turnover, growth and profitability in the various countries, business segments and store formats. The study shows that “the total retail revenue of the Top 250 companies reached US$ 5.1 trillion in FY2020 (fiscal years closed on 30 June 2021), an increase of 5.2% over FY2019.”

As regards Jerónimo Martins, the analysis conducted by Deloitte shows a change in rank from the previous year, placing the Group in 49th position worldwide, with 3.5% growth and consolidated revenue of US$20,860 billion. Jerónimo Martins is present in three countries (Pingo Doce and Recheio in Portugal, Biedronka and Hebe in Poland, and Ara in Colombia).

Top three spots continue to be held by Walmart, followed by Amazon and Costco Wholesale Corporation.

Walmart (US$559,151 billion) continues to rank #1, followed by Amazon (US$213,573 billion) and Costco Wholesale Corporation (US$166,761 billion). The list of the 10 largest retailers in the world continues to be dominated by companies based in the United States (7), although, and for the first time, during the 2020 fiscal year, a Chinese retailer (JD) entered the Top 10.

The fast-moving consumer goods (FMCG) sector continues to be the largest product sector, accounting for 66.4% of the retail revenue of the Top 250 largest companies.

With 55% of consumers claiming to buy sustainable products or services, Deloitte’s Global Powers of Retail study also shows that retailers are adjusting their supply chains to respond to sustainable growth and responsible consumption trends. Most retailers in the Top 250 have outlined their ESG commitments and are making an effort to promote ESG-related metrics. To address the concerns of customers, such as Millennials and Gen Zs, retailers are placing the sustainability of their brands and products at the heart of their business strategies.

João Paulo Domingos, Partner and Deloitte Consumer sector leader, explains that “although 2021 was a very challenging year due to increased inflation, labour shortages, and supply chain disruptions caused by the pandemic, the retail sector is on a path of growth, with key players able to respond to the most demanding challenges posed by the new reality”.

It should be remembered that Jerónimo Martins informed the capital market of a growth in consolidated sales of 8.3% to €20,889 million in 2021.