Retail News Update

After rated among the world’s top 250 retailers in 2008, Chinese retailers, including Gome, Bailian Group, Suning, and Dashang, were again entered on the list this year, with their average ratings up 71 places.

Published by one of the world’s largest accounting firms Deloitte and the authoritative U.S. retail magazine Stores, the list provided the 2009 edition of the top 250 retailers in the world. According to the list, the worldwide retail industry was affected by the global financial crisis, with the impact on the United States, Britain, and Japan being the most obvious. But retail markets in Russia, South Korea, and China still had good performances, with two Russian retailers and four Chinese retailers climbing rapidly in the list.

Statistics showed that four Chinese retailers were included in the top 250 retailers in 2008. Apart from the Shanghai-based Bailian Group which sat at the 101 place, the other three, Gome, Suning, and Dalian Dashang Group, were all out of the top 200.

In the 2009 edition, Chinese electronics retailer Gome was up 155 places from 218th to the 63rd; Chinese electronics retailer Suning up 63 places from 216th to 152nd; Shanghai Bailian Group up 10 places to the 91st; and Dalian Dashang Group up 57 places to 167th.

In addition, the U.S. retail giant Wal-Mart still held the first place in the list, followed by French Carrefour, and the in third to the fifth places were Tesco from Britain, Metro from Germany, and Home Depot from the United States.