Even though Asia has the countries with the largest populations, it is not the home to the world’s largest retailers. There are three primary reasons for Asia’s lack of dominance in global retailing. First, even though Asian countries contain the most people, those people are not the biggest consumers. The reason they are not the biggest consumers because they do not possess the greatest wealth.
The third reason Asian retail companies are not dominating the global retail landscape is because so much of their consuming is local and decentralized. There aren’t massive national chains and franchises that are found in every city like in the United States. The cookie cutter chain store void that exists in Asia is, rather, being filled by North American and European retailers. Between the 2009 list of World’s Largest Retailers and the 2010 list, Asian retailers have not grown larger, and in the case of China, have actually dropped substantially in global retail rankings.
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 Asia - China, Hong Kong, Japan, Russia, South Korea, Taiwan, Thailand, and Turkey. (Even though Russia and Turkey are both European and Asian countries, they are included on this Asian list.) 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 Asia:
Top Global Retail Ranking #90 – Bailian (Brilliance) Group
See the complete list of "Largest China Retailers"
Hong Kong SAR
Top Global Retail Ranking #53 - AS Watson & Company Ltd.
Discount Store, Drug Store/Pharmacy, Electronics Specialty, Hypermarket/Supercenter/Superstore, Other Specialty, Supermarket
Top Global Retail Ranking #17 - Seven & I Holdings Col, Ltd.
See the complete list of "Largest Japanese Retailers"
Top Global Retail Ranking #107 - X5 Retail Group N.V.
Convenience/Forecourt Store, Discount Store, Hypermarket/Supercenter/Superstore, Supermarket
Top Global Retail Ranking #78 - Lotte Shopping Co., Ltd.
Department Store, Hypermarket/Supercenter/Superstore, Supermarket
Top Global Retail Ranking #187 - President Chain Store Corp.
Convenience/Forecourt Store, Department Store, Drug Store/Pharmacy, Other Specialty, Supermarket
Top Global Retail Ranking #209 - CP All
Top Global Retail Ranking #199 - Migros Turk T.A.S.
Discount Store, Hypermarket/Supercenter/Superstore, Supermarket
>> See also 2011 Largest Asian Retailers >>
More Largest Retailers in the World Lists: