For more, see DTC and brick and mortar brands use valuedriven personalization to score big in Sailthrus 5th annual Retail Personalization Index, Sailthru, March 30, 2022. When the onset of the COVID-19 pandemic elevated the importance of online channels, one retailer sought to create a seamless experience for consumers. 2. Directly accessible data for 170 industries from 150+ countries This search for savings cuts across consumer segments, but strategies differ depending on spending intent (Exhibit 1). Peru's Inretail, Mexico's Grupo Chedraui and Brazil's Lojas Riachuelo are the top three winners in terms of revenue growth in Latin Trade's Top Latin American Retailers 2019 ranking. In a recent McKinsey survey of Latin American consumers, 74 percent of respondents indicated their intent to find ways to save money while shopping, with 61 percent actively seeking the best promotions (see sidebar, About the research). 1 Walmart held its top position with $499.65bln in U.S. retail sales in 2022. The retailer made targeted investments in advanced analytics to close this gap. Grocery retailers will need to perform this exercise a number of times: loyalty attributes vary not only across countries but also according to demographics and channels. Latin American consumers reported a decline of 17 percentage points in net intent to use online channels in the next 12 months after an increase of 38 percentage points during the COVID-19 pandemic. ", Deloitte, Leading retailers of Latin America in 2020, by retail sales (in billion U.S. dollars) Statista, https://www.statista.com/statistics/192183/leading-retailers-of-latin-america-by-retail-sales/ (last visited July 09, 2023), Leading retailers of Latin America in 2020, by retail sales (in billion U.S. dollars) [Graph], Deloitte, December 15, 2022. This greater flexibility enabled the retailer to increase online sales more than 60 percent from Christmas 2019 to January 2022. Thats up from a 47.1% share the prior year. Latin America Retail Ecommerce Update - Insider Intelligence * Estimate. What's the most common types of sub-organization? Latin America: number of H&M stores by country 2022 Nike's apparel revenue in Asia Pacific and Latin America 1.61bn USD The fastest-growing retailer in the Latin America region was Mexican department store El Puerto de Liverpool, which grew in year-on-year retail revenue by 35.5%. Statista. Selling to 'mom-and-pop' stores in emerging markets Rankings & Indexes The Top Retailers in Latin America 2017. facts. 2020 Latam Retail Trends - T-roc For information, contact Deloitte Global. Stores experienced a similar turnaround, achieving a rise in sales (two percentage points) and profit (four percentage points) after just eight weeks. Meanwhile, the physical channel represents an aggregate growth in future intent of two percentage points, with 87 percent of respondents planning to maintain or increase their spending in physical stores during the coming year. Regional retailers proved resilient last year despite the risk of subsequent COVID-19 variants, increased inflation and supply chain challenges. The top growing retail markets in Asia Pacific are South Korea, Japan and China including Hong Kong SAR, reporting retail revenue growth of 3.9%, 11.1% and 10.8%, respectively. (February 28, 2020). In, Deloitte. Taking the top position was high-end fashion retailer LVMH, which grew by 51.4% year-on-year, to nearly USD 56.3 billion. Consumers are increasingly demanding healthier . You need at least a Starter Account to use this feature. According to Mrquez, this is because trade is a reflection of the GDP of each country, so both nations, being the largest in the region, are those with the highest consumption. Its strong performance was partly due to the acquisition of Tiffany & Co, as well as organic growth in its Asian and US markets, especially through online channels. Show sources information Accessed July 09, 2023. https://www.statista.com/statistics/302397/most-valuable-latin-american-retail-brands/, Kantar, and WPP. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 1000+ markets in 190+ countries & territories, Insights on consumer attitudes and behavior worldwide, Business information on 70m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. We look forward to connecting with you. Watchlist: 10 of the Largest Supermarkets in Emerging Markets Meanwhile, consumers of modern retail emphasize quality, shopper experience, and convenience. This can be due to size in the market, government policies, taxes, or geopolitical issues. Use Ask Statista Research Service, COVID-19 deaths worldwide as of May 2, 2023, by country and territory, COVID-19 cases worldwide as of May 2, 2023, by country or territory, Coronavirus (COVID-19) cases, recoveries, and deaths worldwide as of May 2, 2023, Cumulative cases of COVID-19 worldwide from Jan. 22, 2020 to Jun. As a Premium user you get access to background information and details about the release of this statistic. Statista. As online retailers across the world continued to grapple with supply chain issues, rising costs and fluctuations in consumer demand as life with COVID stretched into its second year, they were still able to maintain early-pandemic gains and grow on top of it. In last year's . It analyzed the pain points across each customer journey, launched a mobile app from scratch in only three months, redesigned the mobile web experience, and implemented a road map of more than 50 initiatives. It seems likely that during the year, the rapid rise in inflation and the surge in commodity prices will stabilize or reverse. Profit from the additional features of your individual account. Similarly, a data-driven approach to pricing can enable companies to set prices for each product category in an intelligent, automated manner that removes unwanted variations. Show publisher information Consumers who plan to eat healthier are driving up net intent in some categories, such as organic, natural, plant-based, and bulk foods. Currently, you are using a shared account. to incorporate the statistic into your presentation at any time. Our analysis found that more than 70 percent are willing to share personal data in exchange for personalized offers or discounts and expect companies to understand their needs.2Based on McKinsey analysis of data from a survey by Coresight Research and Sailthru. El mensaje es claro: la innovacin es crucial para prosperar en este sector. Available: https://www.statista.com/statistics/1261158/leading-hyper-stores-supermarkets-latin-america/, Leading hyper-stores and supermarket retailers in Latin America based on estimated sales in 2021 and 2026, Immediate access to statistics, forecasts & reports, Employee volume in large supermarkets in Spain in 2021, Average annual gross salary in main supermarket chains in Spain 2022, Food sales share by distribution channel in Spain in 2021, Supermarkets and grocery stores: quarterly e-commerce revenue in Spain 2014-2021, Number of grocery store online transactions in Spain 2014-2022, Mercadona sales volume in Spain and Portugal 2013-2021, Mercadona net profit in Spain and Portugal 2010-2021, Mercadona's annual investment in Spain 2013-2021, Mercadona number of employees in Spain 2012-2021, Mercadona EBITDA margin in Spain and Portugal 2010-2021, Carrefour supermarkets revenue in Spain 2013-2021, Carrefour number of employees in Spain 2010-2021, Alcampo hypermarkets revenue in Spain 2012-2021, Number of employees working for Alcampo in Spain 2010-2021, Lidl Supermarkets revenue in Spain 2014-2021, Lidl supermarkets employee number in Spain 2011-2021, DIA supermarket chain revenue in Spain 2014-2021, Number of employees of the supermarket chain DIA in Spain 2015-2021, Number of stores of Grupo DIA in 2021, by country, Consum supermarkets revenue in Spain 2013-2021, Number of workers at Consum supermarkets Spain 2011-2021, Number of supermarkets of Consum in Spain 2020, by region, Eroski supermarkets revenue in Spain 2018-2021, Number of supermarket Eroski in Spain 2021, by format, Average operating area of supermarket and hypermarket companies China 2011-2012, Average staff number of supermarket and hypermarket companies in China 2011-2012, Profit margin of supermarket and hypermarket companies in China 2011-2012, by origin, Leading food retailers by market share Singapore 2022, Walmart: number of stores Central America 2011-2019, Walmex: number of employees 2019, by region and contract, Supermarket expenditure in Australia 2017 by company, Catalogue reach of leading supermarkets Australia 2016, Average utility costs of supermarket and hypermarket companies in China 2011-2012, Dr Pepper Snapple's global net sales to Walmart 2014-2017, Cost structure of supermarkets and hypermarkets in China 2011-2013, Leading hyper-stores and supermarket retailers in Latin America based on estimated sales in 2021 and 2026 (in billion U.S. dollars), Find your information in our database containing over 20,000 reports. Argentina-based MercadoLibre saw the biggest jump in revenues in Latin Trade's ranking of the Top 50 Retailers in Latin America of 2018. facts. Three out of five consumers plan to focus more on healthy food and nutrition, yet they have a generally low willingness to pay more for attributes such as healthy, sustainable, or environmentally friendly. 3. For instance, a consumer might look to buy fresh fruits from a physical market, but purchases of bulk products (such as 30 pounds of rice) are a better fit for online ordering and delivery. Then you can access your favorite statistics via the star in the header. Total Starbucks locations globally 2003-2022, U.S. beer market: leading domestic beer brands 2017, based on sales, Revenue and financial key figures of Coca-Cola 2010-2022, Profit from additional features with an Employee Account. The full report also looks at the top 250, the fastest growers, and provides an analysis of performance across product sectors. [Online]. Mobile commerce . If you would like to help improve Deloitte.com further, please complete a 3-minute survey, To tell us what you think, pleaseupdate your settings to accept analytics and performance cookies. But they still grew at a faster clip than the global market. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). The composite CAGR for the companies in the Asia Pacific region for the period FY2016-2021 was 6.7%, 3.3 percentage points above the previous year. 168bn USD Detailed statistics Retail e-commerce sales value worldwide 2022, by region Detailed statistics M-commerce retail sales in Latin America 2019-2025 E-commerce as share of total. Amazon is in the second position, with 22.4 million visitors. DTTL does not provide services to clients. "Leading Hyper-stores and Supermarket Retailers in Latin America Based on Estimated Sales in 2021 and 2026 (in Billion U.S. Founded in 2007 by Jos Neves for the love of fashion, and launched in 2008, FARFETCH began as an e-commerce marketplace for . Pro Data is only available by contacting us. DTTL and each DTTL member firm and related entity is liable only for its own acts and omissions, and not those of each other. One grocery retailer had done little marketing outreach to consumers beyond the occasional text message with general recommendations, and it lacked a customer relationship management system and the ability to track responses at the customer level. 4 Movements Impacting Retail in Latin America In the near term, our analysis suggests that four trends will influence the contours of grocery retail in Latin America: an emphasis on savings, a shifting channel mix, a focus on healthy foods, and the desire for personalization. "Most valuable Latin American retail brands in 2020 (in billion U.S. Indeed, organizations that can build the capabilities to tailor offers and engagement to specific consumer segments stand to boost sales and strengthen loyalty. Amazon. Use Ask Statista Research Service, The source adds the following note regarding data: "Retailers sales shown are grocery only, encompassing Hyper-Stores and Supermarket operations. The Ultimate Guide to Product Tagging for eCommerce in 2023. A breakdown of retail performance by region, 2023 Consumer Products Industry Outlook | Deloitte US, Global Powers of Luxury Goods | Deloitte | global economy, Luxury Consumer, Infrastructure, Transport & Regional Government, Telecommunications, Media & Entertainment, update your settings to accept analytics and performance cookies. A renewed focus on optimizing product portfolios and pricing can uncover previously overlooked opportunities. The results were dramatic: e-commerce revenues doubled, and the customer conversion rate rose more than 55 percent. ** Revenue includes wholesale and retail sales. Key themes include the importance of the resale market, the need to embed sustainability practises across supply chain operations, the role of technology in sustainability, and the adherence to ESG-related regulations and frameworks. 1. Which investors participated in the most funding rounds within this hub? South African retailer Shoprite reported that it had opened an additional 117 stores during the financial year and has set a goal to open 275 stores during the next year as it holds its position as number one retailer in the region, posting a retail sales growth of 9.6%. A leading brick-and-mortar beauty retailer operating across 15 countries faced eroding margins due to pricing challenges. Top 10 Retail Myths in 2023. Most funded Latin American online supermarkets 2022, Latin America: major food retailers by sales revenue 2019, Retail e-commerce revenue in Latin America 2017-2027, by category, To download this statistic in XLS format you need a Statista Account, To download this statistic in PNG format you need a Statista Account, To download this statistic in PDF format you need a Statista Account. Investments in advanced analytics are a cross-cutting enabler for the imperatives, given that these capabilities can increase visibility into operations and consumer segments. The Top 100 Retailers in 2022. The top 300 online retailers in Latin America collectively grew digital revenue to $31.62 billion in 2021. Nearly all will maintain or increase their personalization budget, and more than three-quarters believe personalization should be a higher priority.32020 trends in personalization, Researchscape International and Evergage, 2020. Our mission is to be the global platform for luxury fashion, connecting creators, curators and consumers. Top ecommerce companies in Latin America saw online revenue growth slow significantly in 2021 vs. the prior yearmuch like the upper echelon in the U.S. Show sources information Additional barriers include the lack of personal contact when shopping onlinea major contributor to the preference for physical storesand high shipping costs for online purchases. DTTL (also referred to as Deloitte Global) and each of its member firms and related entities are legally separate and independent entities, which cannot obligate or bind each other in respect of third parties. Top 20 Grocery Retailers in Latin America | Download Table Table 3 - uploaded by Paul W. Dobson Content may be subject to copyright. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 1000+ markets in 190+ countries & territories, Insights on consumer attitudes and behavior worldwide, Business information on 70m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. Modern CFOs are finding it tougher to keep their footing, as the cloud of economic uncertainty looms in. Topics Retail Ecommerce Sales Digital Shoppers & Buyers Latin America Executive Summary Previous economic crises forced companies in Latin America to reduce costs, but the COVID-19 pandemic compelled retailers to ramp up investment in ecommerce, embrace a digital-first agenda, and meet the growing demands of more technologically savvy consumers. Latin American retailers register the highest revenue growth in the world Leading 300 online retailers headquartered in Latin America. Inretail saw its revenues reach $3.6 billion in 2018, up 50.7 percent from the year before. Publix Super Markets has set its sights on growth in the state of Virginia For example, while the focus on product quality spans generations, young people are more likely to emphasize convenience, health, and quality, while older shoppers favor cost, experience, and quality (Exhibit 4). Forecasts suggest that the region's grocery industry will grow at a robust clip of 5 percent in 2023, placing it among the top-performing regions in the world. This website uses cookies so that we can provide you with the best user experience possible. . The Top Retailers in Latin America 2017 In terms of total revenues, the top three retailers, all of which posted [] Show publisher information Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited (DTTL), its global network of member firms, and their related entities (collectively, the Deloitte organization). Please create an employee account to be able to mark statistics as favorites. Brazil dominates the top spots in the Latin America 300, boasting seven of the Top 10 retailers, with the three others coming from Chile. Chart. "Leading food brands in Latin America in 2020 (in million Consumer Reach Points)." Use Ask Statista Research Service. Directly accessible data for 170 industries from 150+ countries Growth in Chile was primarily led by Chilean department store and home improvement retailer S.A.C.I Falabella, who saw a 25% increase in customers, in part thanks to the launch of their new online marketplace and home-delivery service. Inflation has created an added degree of difficulty for grocery retailers as they seek to maintain profits, optimize their product offerings, and surprise and delight consumers. You need at least a Starter Account to use this feature. NRF | A look at the 2022 Top 50 Global Retailers Modern channels (including supermarkets) are the main source of growth in grocery, representing more than half the increase in net intent. These markets were driven by Coupang (South Korea), Seven & i (Japan), and Alibaba (China including Hong Kong SAR). BT Group chief executive Jansen to step down next year, Tupperware stock gains nearly 3% after waiver agreement, Printemps Paris integrates Alipay+ solutions to enable seamless digital payment experience for Asian customers, Siu Lun Shopping Centre, retail units at Park Lane Shopper's Boulevard up for sale, Mobeus Equity Partners invests 19.6m in Intralink Group, Urbanista launches solar-powered headphones cobranded with HUGO, Jack in the Box, Corona kick back for summer with help from Snoop Dogg, Places This Week: Group buys Marriott hotels in $113M+ deal, Its Time You Finally Learned Microsoft Excel. The state of grocery retail in Latin America. Retail revenue grew particularly fast in Turkey, at 31.6%. Japan, San Francisco, Europe), Algorithmic rank assigned to the top 100,000 most active Hubs, Total number of founders of organizations in the hub, Average date the Organization was founded, Percentage of organizations in this hub that have been acquired, Percentage of organizations that have gone public with an IPO, Percentage of organizations in this hub that are non-profits, Total number of for-profit companies in this hub, Total number of non-profit companies in this hub, Top 5 investor types represented in this hub, Last Funding Round type of organizations in the hub (e.g. Show publisher information Nearly 46% of North American retailers achieved double digit annual retail revenue growth in FY2021, a six-percentage point increase compared to the prior year. In fact, Euromonitor International's Lifestyle Survey from 2017 shows that eating fruits and vegetables, not smoking, and regular exercise are viewed as extremely important health factors amongst Latin American . Rankings and data on Europes 500 leading online retailers, Rankings and data on Asias 300 leading online retailers, Rankings and data on North Americas 1,000 leading online retailers, Latin America DatabasePRO Sample Profile, KEY DATA FROM THE 2022 LATIN AMERICA DATABASE, Copyright 2022 Digital Commerce 360 | Vertical Web Media LLC, Latin Americas leading online retailers, ranked 1-300 by annual web sales, Access includes up to 5 years of web sales, c. , technology vendor information and more. Preferences also differ by channel (Exhibit 5). To address the continued consumer preference for convenience and home delivery, retailers have also adapted their distribution and fulfillment strategy. Business Solutions including all features. The last few years have seen a continuing focus on sustainability, but the focus of retailers efforts is shifting into new areas. Amid worsening economic conditions, marketers are turning to retailers to deliver performance advertising and results at scale. Retail across the world | Deloitte Global Latin America's Top Retailers 2019 - Latin Trade Our 2022 Latin America Database is the most up-to-date and accurate financial and performance data that exists on Latin American ecommerce, giving you a detailed look at the online retailers at play in the region. Most valuable Latin American retail brands | Statista Learn more about how Statista can support your business. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. 16 new retailers entered the fastest 50 this year, including 5 luxury retailer brands. 4. Retailers with the capabilities to serve both missions can strengthen loyalty with consumers and become the favored choice across channels. Explore the heavy hitters such as Brazilian store chain Magazine Luiza SA and mid-market merchants like Chilean store chain La Polar. Latin America Gift Card and Incentive Card Market Report - GlobeNewswire Rankings & Indexes Top Retailers in Latin America 2018. Despite the unique challenges of retail in Latin America, there is an opportunity for LatAm retailers to learn how developed markets have addressed some of these challenges. To use individual functions (e.g., mark statistics as favourites, set Get access to essential strategic content, in-depth reports, industry intelligence, and exclusivedata. Healthy Living and Retailers in Latin America - Euromonitor.com Accessed July 09, 2023. https://www.statista.com/statistics/192183/leading-retailers-of-latin-america-by-retail-sales/, Deloitte. Statista. This list of companies and startups in Latin America in the retail space provides data on their funding history, investment activities, and acquisition trends. 1. Dollars). [Online]. Brazil continues to be an outstanding opportunity for online retailers in Latin America and the world. Access our 2022 Latin America Database to gain insights and explorecompetitive data, including up to five years of web sales on these retailers that range from $1.0 million to $4.79 billion in annual online sales. statistic alerts) please log in with your personal account. The median web sales growth for retailers ranked in the Latin America 300 was 9.3% in 2021, B2B Weekly Infographic: B2B electronic sales, Strategy Insights: Fulfillment Trends for Retailers, 2023 Ecommerce in Manufacturing & Distribution Report, The Supply Chain Puzzle: Growing Sales & Profits Amid Uncertainty, EnvisionB2B | June 2023 | Chicago | #1 B2B Ecommerce Conference. It and Mexico's Femsa Comercio and S.A.C.I Falabella were the biggest contributors to revenue among the Top 250 companies in Latin America, while Mexico's Grupo Comercial Chedraui and Brazil's Magazine Luiza were the fastest growing retailers, with double-digit revenue growth. Thats an 19.7% year-over-year jump, marking a big drop from 71.9% in 2020 for the emerging ecommerce market. List of top Latin America Retail Companies - Crunchbase Hub Profile How much aggregate funding have these organizations raised over time? to gain insights and explorecompetitive data, including up to five years of web sales on these retailers that range from $1.0 million to $4.79 billion in annual online sales. Based on McKinsey analysis of data from a survey by Coresight Research and Sailthru. Your Need-To-Know Guide To Latin America's Top 50 Brands statistic alerts) please log in with your personal account. This comprehensive approach captured significant benefits, such as a 20 percent rise in top-line revenues and an increase in private-label penetration of five percentage points. Winning grocery retailers will adjust their strategies to respond to consumer trends by focusing on four imperatives. David Marcotte Senior Vice President, Global Insights & Technology, Kantar March 23, 2022 Top Retailer list compiled by The NRF Top 50 Global Retailers 2022 is NRF's annual look, compiled by Kantar Retail, at the 50 most impactful international retailers based on their operations from the start of 2021.