What: The new edition of the Top 50 Global Retailers according to NRF/Kantar is here.

Why it is important: Even though the world is dramatically changing, for now, the changes in the top 50 are relatively scarce besides the obvious (Chinese retailers dropping due to lower international exposure).

The Top 50 Global Retailers of 2023 showcases a diverse array of companies navigating economic uncertainties, disrupted supply chains, and shifts in consumer behaviours. While all faced challenges like increased operational costs and a rise in retail-related crime, most still managed to grow sales and profits. The list saw changes, especially with Chinese companies dropping in rank due to domestic slowdowns. Retailers are investing in physical stores and e-commerce, yet grappling with cybersecurity threats and logistics challenges, all while adapting to evolving market dynamics and consumer expectations.

NRF releases its 2023 top 50 global retailers ranking