Taiwan-based President Chain Store Corp. and PX Mart Co. have been ranked among the top 250 retailers worldwide by multinational auditing and consulting firm Deloitte.
In Deloitte's Global Powers of Retailing 2022 report, President Chain Store, which runs the 7-Eleven convenience store chain in Taiwan, ranked 134th among retailers in making the list for the eighth straight year, while PX Mart ranked 221st.
7-Eleven, PX Mart
President Chain Store posted sales of US$8.02 billion from July 2020 to June 2021, up 1.2 percent from a year earlier, pushing the company's ranking eight notches higher to 134th, according to the report.
In a Chinese-language press release accompanying the report, Deloitte Taiwan said the company was able to boost sales through ongoing efforts to expand its retail network by offering diverse store styles and by integrating its physical and online operations.
PX Mart posted sales of US$4.683 billion during the 12-month period, up 6.2 percent from a year earlier, and its ranking in the 2022 report rose 26 spots from a year earlier to the 221st, according to the report.
PX Mart has worked with delivery services providers such as Uber Eats, Global Express, pandago and foodpanda to provide door-to-door delivery services, and sales generated from those services are expected to double in 2022, Deloitte said in its statement.
Global retailers
During the 12-month period, the top retailers in the world generated US$5.1 trillion in sales, up US$270 billion or 5.2 percent from a year earlier.
"E-commerce specialists saw strong growth as consumer purchasing moved online," Deloitte said in the report.
"Food and drink retailers increased sales as consumption switched from the hospitality sector to in-home, and retailers in other sectors such as home improvement benefited from the consumer 'stay-at-home' focus."
Walmart took the top spot in the 2022 retail report, according to Deloitte, posting sales of US$559.15 trillion during the 12 month period, up 6.7 percent from a year earlier.
Amazon.com came in second with sales growing 34.8 percent from a year earlier to US$213.57 billion, ahead of Costco (US$166.76 billion in sales), Germany's Schwarz Group (US$144.25 billion), U.S.-based Home Depot (US$132.11 billion).
Rounding out the top 10 were Kroger Corp. (US$131.62 billion), Walgreens Boosts Alliance (US$117.71 billion), Germany's Aldi (117.05 billion), China's JD.com (US$94.42 billion), and U.S.-based Target (US$92.40 billion).
The top 10 retailers had sales of US$1.77 trillion, accounting for 34.6 percent of the total of the 250 retailers.
In East Asia, 29 companies from Japan, 10 from China, five from South Korea, four from Hong Kong and two from Taiwan made the list, according to the report.
Source: Focus Taiwan News Channel