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Jerónimo Martins ranked 47th among world’s largest retailers

The Jerónimo Martins Group is ranked as the 47th largest retailer in the world in the Global Powers of Retailing 2023 report published by Deloitte, climbing two positions compared to last year's edition. According to the list published in the report, the Group is Europe's 19th largest food retailer and 31st largest worldwide.

The 2023 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, as well as the main market trends. The reports shows that “the Top 250 retailers achieved a total composite retail growth of 8.5% in FY2021” (fiscal years ending 30 June 2022), amounting to a total of US$5.65 trillion.

As regards Jerónimo Martins, the analysis conducted by Deloitte ranks the Group in 47th position worldwide, up two places from the previous year, with 8.3% growth and consolidated revenue of US$24,697 million.

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

Walmart again takes the top spot, followed by Amazon and Costco Wholesale Corporation. The list of the world's top 10 retailers continues to be dominated by US companies and sees Chinese retailer JD move up two places, which now ranks 7th.

Deloitte's Global Powers of Retailing report also reveals that the leading “digital retailers have benefited from a behavioural shift among consumers towards digital shopping”; however, companies in the sector are making an increased effort to attract customers back to physical stores, a behaviour drastically reduced during the pandemic.

It also points out that, gradually, many retailers are investing in sustainability and are entering the pre-owned goods market by introducing marketplaces and buy-back options. This trend has been fuelled by increased consumer awareness regarding sustainability and the eco-conscious shopping habits of younger generations.

João Paulo Domingos, Partner and Deloitte Consumer sector leader, assures that “although consumer behaviour is returning to pre-pandemic levels, there are new trends that are here to stay, not only as regards digital and omnichannel shopping habits, but also a greater concern about sustainable operations and products. At a time when personalisation is a differentiating factor for consumers, retailers will need to use technology and innovation to create an integrated shopping experience tailored to the needs of each consumer.”

It is recalled that Jerónimo Martins informed the capital market of a 21.5% growth in consolidated sales to €25.4 billion in 2022.