Kantar has released its list of the Top 50 Global Retailers for 2023. The list ranks retailers based on their domestic and foreign retail sales. Walmart is still the biggest store in the world. After that come Amazon, Schwarz Group, Aldi, and Costco. The top 10 stores haven’t changed since 2022. stores in China, which has a fast-growing market, haven’t done as well because of COVID lockdowns and uncertainty about regulations. The article says that global inflation had the biggest effect on goods sold in hypermarkets, supermarkets, and value retailers. However, all of retail was subject to logistics slowdowns and ongoing shortages of packaging materials. Labor shortages also affected services in stores and caused many stores to cut hours and limit new ways to sell things. As a result, retailers shifted money that was going to be used for new stores and renovations to protect their assets from cyber threats.
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