60 APAC firms amongst Top 250 Global retailers: Deloitte

China’s JD.com is the top retailer in the region, ranking 7th globally.

A total of 60 companies from the Asia Pacific (APAC) region formed part of the Top 250 retailers with their total revenue for the financial year 2021 increasing by 9.7% to $887.6b, according to Deloitte.

Deloitte said the region’s revenue accounted for 15.7% of the total globally behind North America which comprised 47.9%, and Europe at 33.2%. 

The revenue from retailers in Latin America was at 1.7% of the total and the Africa and Middle East at 1.3%.

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“The strong performance of Asia Pacific’s leading retailers was mainly driven by sales through digital channels and international expansion,” Deloitte said. 

Japan has the highest number of companies in the list at 27, followed by China including Hong Kong (13), South Korea (6), Australia (5), Indonesia (2), Thailand (2), Taiwan (2), India (1), the Philippines (1), and Vietnam (1).

Only China’s JD.com, Inc. made it into the Top 10, rising two places to rank 7 with retail revenue of around $126.4b.