Asia-Pacific Retail Scoreboard: Key Findings
Euromonitor International is pleased to once again partner with Retail Asia as the official information provider for the 12th edition of the Retail Asia-Pacific Top 500 rankings. In 2014, the leading 500 retailers in Asia Pacific had sales of US$1.1 trillion, an increase of 2%. The rise of the Chinese retail market has led to Chinese companies to dominate the list, accounting for 32% of the ranking. In absolute terms, five of the top ten fastest growing companies in absolute terms were Chinese hypermarkets. However, Japanese companies are still significant because they operate in a consolidated market and have expanded to many countries within the region.
7-Eleven Japan retains the top spot on the ranking of Asia Pacific’s top 500 retailers, which was published in conjunction by Euromonitor International and Retail Asia. 7-Eleven’s success is due to its widespread store network. China Resources Enterprise Ltd moved up the most on the ranking, climbing seven spots to reach 24th place in 2014. Its multi-format strategy, with its brands in convenience stores, drugstores, supermarkets and hypermarkets, enabled it to grow quickly.