Alibaba Group Holding Limited/New Retail & Direct Sales was the world's fastest-growing retailer between the fiscal years 2016 and 2021. The retailer registered a retail revenue CAGR (compound annual growth rate) of 153.1 percent during that period.
Who are the top retailers with the highest CAGR in retail revenue globally?
From fiscal year 2015 to 2020, Coupang Corp., Reliance Industries Limited, and Wayfair registered the highest compound annual growth rate in retail revenues. Coupang Corp is South Korea's largest online retailer. The retailer sells a variety of merchandise including apparel, cosmetics, electronics, footwear, food products, toys, furniture, among others. Meanwhile, Reliance Retail, part of Reliance Industries Limited, is India's largest retailer. The company offers consumer electronics, fashion, and groceries and operates over 11.7 thousand stores across India. Finally, Wayfair, the world's third fastest growing retailer, is a U.S. based online furniture and home décor company. The retailer employs around 17 thousand people and has more than 30 million active customers.
The world’s leading retail markets
The United States, China, India, and Germany are amongst the world’s top retail markets. As of 2019, the United States was the largest retail market in the world, with sales of over five trillion U.S. dollars. China, which has been closely following United States’ footsteps, surpassed the North American country for the first time in history to be the world’s largest retail market in 2020. Though this trend is forecast to be reversed in 2021, China’s fast post-pandemic (COVID-19) recovery allowed the nation to claim the number one position in the former year.
World's fastest growing retailers from fiscal year 2016 to 2021, by retail revenue compound annual growth rate
Characteristic
Retail revenue CAGR from FY2016 to FY2021
Alibaba Group Holding Limited/New Retail & Direct Sales
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Deloitte. (February 23, 2023). World's fastest growing retailers from fiscal year 2016 to 2021, by retail revenue compound annual growth rate [Graph]. In Statista. Retrieved December 07, 2024, from https://www.statista.com/statistics/266438/retail-revenue-cagr-of-the-fastest-growing-retailers-worldwide/
Deloitte. "World's fastest growing retailers from fiscal year 2016 to 2021, by retail revenue compound annual growth rate ." Chart. February 23, 2023. Statista. Accessed December 07, 2024. https://www.statista.com/statistics/266438/retail-revenue-cagr-of-the-fastest-growing-retailers-worldwide/
Deloitte. (2023). World's fastest growing retailers from fiscal year 2016 to 2021, by retail revenue compound annual growth rate . Statista. Statista Inc.. Accessed: December 07, 2024. https://www.statista.com/statistics/266438/retail-revenue-cagr-of-the-fastest-growing-retailers-worldwide/
Deloitte. "World's Fastest Growing Retailers from Fiscal Year 2016 to 2021, by Retail Revenue Compound Annual Growth Rate ." Statista, Statista Inc., 23 Feb 2023, https://www.statista.com/statistics/266438/retail-revenue-cagr-of-the-fastest-growing-retailers-worldwide/
Deloitte, World's fastest growing retailers from fiscal year 2016 to 2021, by retail revenue compound annual growth rate Statista, https://www.statista.com/statistics/266438/retail-revenue-cagr-of-the-fastest-growing-retailers-worldwide/ (last visited December 07, 2024)
World's fastest growing retailers from fiscal year 2016 to 2021, by retail revenue compound annual growth rate [Graph], Deloitte, February 23, 2023. [Online]. Available: https://www.statista.com/statistics/266438/retail-revenue-cagr-of-the-fastest-growing-retailers-worldwide/