This is not the story in Brazil, however. Wal-Mart and Carrefour are each opening more than 70 stores per year in the country. Even though Brazil has the fifth largest population in the world, Brazilian retailing is not correspondingly dominant in the global rankings, which is due in part to the lack of North American type shopping malls. More than 50% of Brazil’s retail consuming is for food.
Besides Brazil and Chile, South American retailing does not yet have prominent presence on the global retailing stage.
Each year a “Global Powers of Retailing” report is compiled by Deloitte Touche Tohmatsu and STORES Magazine, ranking retailers from all over the world according to total revenue. In 2010, the 13th annual list was released, ranking 250 retailers from 32 different countries.
What follows is the largest retail companies with headquarters in South America. This 2010 Global Powers of Retailing list reflects the revenue that was generated in 2009, which was still a year of intense global retailing recession.
(See also Global Store Openings and Expansion.)
Largest Retail Companies in South America:
Top Global Retail Ranking #106 - Comanhia Brasileira de Distribuicao SA Grupo Pao De Acucar
Convenience/Forecourt Store, Electronics Specialty, Hypermarket/Supercenter/Superstore, Supermarket
Top Global Retail Ranking #112 – Cencosud S.A.
More Largest Retailers in the World Lists: