The highest 250 world retailers achieved year-on-year income progress in 2022 of 8.5%. That’s based on Deloitte’s annual “World Powers of Retailing 2023” report (PDF) launched in February.

The report examines the world’s 250 largest retailers — on-line and in-store — by analyzing publicly accessible information for the fiscal 12 months ending between July 1, 2021, to June 30, 2022. The report focuses on the highest 250 retailers by income, highlighting the fastest-growing firms and new entrants. It additionally forecasts income progress for 2023, explores sustainability traits, and gives insights into the way forward for retail shops.

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Moreover, the report examines the income efficiency of the highest 250 retailers by area primarily based on their headquarters location, which can not align with the place they derive most of their gross sales. The report attributes 100% of gross sales to the area the place the headquarters are located.

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The report additionally examines the efficiency of the highest 250 retailers primarily based on their main product sector: attire and equipment, fast-moving shopper items, hardlines and leisure items, and diversified. An organization is assigned to a particular sector if a minimum of 50% of its retail income comes from that specific product class. If not one of the sectors account for greater than 50% of an organization’s retail income, it’s categorized as diversified.

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The Nationwide Retail Federation, the world’s largest retail commerce affiliation, launched in March 2023 its annual checklist of the Prime 50 World Retailers, assembled by Kantar, a consultancy and information supplier.

The “2023 Prime 50 World Retailers” ranks the highest retailers worldwide primarily based on income from the start of 2022. To be included within the rating, retailers want a direct presence in a minimum of three international locations.