Published on 15 Mar 2023 on Insider Monkey via Yahoo Finance

20 Largest Retailers in the World

In this piece, we will take a look at the 20 largest retailers in the world. For more retailers, head on over to 5 Biggest Retailers in the World.

The retail industry is one of the largest sectors in the world, and one that has been disrupted by the internet and technology revolution. While traditionally retailers were limited to the brick and mortar operating model, the growth of the internet and the increasing use of smartphones and computers has forced them to place their operations online and created new areas such as last mile delivery.

Subsequently, some of the biggest retailing companies in the world are online retailers, with this fact holding true for none other than Amazon.com, Inc. (NASDAQ:AMZN), whose massive success all over the world has made its founder Mr. Jeff Bezos one of the world's richest men. Additionally, out of the myriad of industries out there, the retail sector is one of the most valuable since its value is often estimated not in billions but in trillions of dollars. For instance, a research report from The Business Research Company outlines that the global retail market was worth $23.65 trillion in 2021 and it will grow at a compounded annual growth rate (CAGR) of 11.3% to sit at $26.3 trillion by the end 2022. From then until 2026, the research firm believes that the industry will continue to grow at a 10.1% CAGR and be worth $38.71 trillion by the end of the forecast period.