2010 Largest Retail Chains in Asia
When comparing the revenues of the largest retail chains in Asia, the comparison is being drawn between the biggest retail chains in the countries of China, Japan, Taiwan, Hong Kong, Russia, South Korea, Thailand, and Turkey. Even though these Asian countries have some of the largest consumer populations in the world, the retail chains in these countries are not at the top of the World's Largest Retail Companies list compiled and published each year by Deloitte Touche Tohmatsu and STORES Magazine.
There are two primary reasons for Asia’s lack of dominance in global retailing. First, even though Asian countries contain the most people, those people are not the biggest consumers. The reason they are not the biggest consumers is because they do not possess the greatest individual wealth
This might seem contradictory to the fact that Asian countries have been targeted in recent years by some of the largest luxury retail brands. But in countries like China, Japan, and Russia, there is an extremely wealthy upper class, and an extremely impoverished lower class, and not much middle class in between.
Asian Middle Class
Having said that, the emerging middle class in Asian countries is growing at an accelerated rate, so not only will that create a shift in Asian retailing in general, it will create a different platform from which the largest Asian retail chains can expand both domestically and globally.
The second reason why Asian retail companies are not dominating the global retail landscape is because so much of their consuming is local and decentralized. Unlike the retail landscape in the U.S., there aren’t massive national retail chains and retail franchises that are duplicated in every city and town of every Asian country.
The cookie cutter chain store void that exists in Asia is not coming so much from Asian based retailers as much as it is starting to be created by the largest U.S. retail chains and European based retailers. Again, this is particularly true in the luxury retailing sector where Coach, Michael Kors and Tiffany from the U.S. and Gucci, Armani, and Louis Vuitton from Europe have established significant retail presence in high-priced Asian shopping districts.
Of course the 7-11 convenience store chain is the most ubiquitous Asian based retailer in the U.S. In recent years Japan's UNIQLO fashion retail stores have been expanding in major U.S. cities. But for the most part, Asian retailing is found in the car dealerships of auto brands like Nissan, Honda, Hyundai, and Toyota. Between the 2009 list of World’s Largest Retailers and the 2010 list, Asian retailers did not grow significantly larger, and in the case of China, Asian retailing actually dropped substantially in global retail rankings.
Each year a “Global Powers of Retailing” report is compiled by Deloitte Touche Tohmatsu and STORES Magazine, ranking retailers from all over the world according to total revenue. In 2010, the 13th annual list was released, ranking 250 retailers from 32 different countries.
What follows is the largest retail companies with headquarters in Asia - China, Hong Kong, Japan, Russia, South Korea, Taiwan, Thailand, and Turkey. (Even though Russia and Turkey are both European and Asian countries, they are included on this Asian list.) This 2010 Global Powers of Retailing list reflects the revenue that was generated in 2009, which was still a year of intense global retailing recession.
This list is archived for historical global retailing and research purposes. Click the links to find more current and up to date information about the World's Largest Retail Chains, as measured by annual revenue.
Largest Retail Companies in Asia
Top Global Retail Ranking #90 – Bailian (Brilliance) Group
Hong Kong SAR
Top Global Retail Ranking #53 - AS Watson & Company Ltd.
Discount Store, Drug Store/Pharmacy, Electronics Specialty, Hypermarket/Supercenter/Superstore, Other Specialty, Supermarket
Top Global Retail Ranking #17 - Seven & I Holdings Col, Ltd.
See the complete list of "Largest Japanese Retailers"
Top Global Retail Ranking #107 - X5 Retail Group N.V.
Convenience/Forecourt Store, Discount Store, Hypermarket/Supercenter/Superstore, Supermarket
Top Global Retail Ranking #78 - Lotte Shopping Co., Ltd.
Department Store, Hypermarket/Supercenter/Superstore, Supermarket
Top Global Retail Ranking #187 - President Chain Store Corp.
Convenience/Forecourt Store, Department Store, Drug Store/Pharmacy, Other Specialty, Supermarket
Top Global Retail Ranking #209 - CP All
Top Global Retail Ranking #199 - Migros Turk T.A.S.
Discount Store, Hypermarket/Supercenter/Superstore, Supermarket
More 2010 Largest Retailers in the World Lists: