Majid Al Futtaim UAE is the Largest Based Retailers Globally
Majid Al Futtaim UAE is the Largest Based Retailers Globally, UAE’s Majid Al Futtaim and Emke Group/Lulu Group International, Turkey’s BIM Birlesik Magazalar and A101 Yeni Magazacilik, as well as Indonesia’s Indomarco Prismatama and Sumber Alfaria Trijaya Tbk.
Majid Al Futtaim was the largest of the Islamic countries-based retailers, ranking 138th according to publicly available data of revenue for the year ending June 30, 2019. The UAE company’s FY2018 retail revenue was $7.62 billion and it operates in 14 countries, according to the report.
Emke Group/Lulu Group International is 141st with $7.4 billion in retail revenue. It operates in 10 countries.
Turkish retailer BIM Birlesik Magazalar follows at 157th. The discount store earned $6.66 billion and operates in 3 countries.
Indonesia’s Indomaret is 209th with $4.94 billion in retail revenue. It only operates in its home country. The convenience store is also the 31st fastest-growing retailer for the period FY2013-2018.
Another Indonesian convenience/forecourt store that only operates at home is Alfamart, ranked 219th. It earned $4.69 billion in revenue. Alfamart was the 38th fastest-growing retailer for FY2013-2018.
In the Asia Pacific, retail growth continued to be driven by changing shopping preferences among a growing middle-class, particularly young millennials, said Deloitte.
It also attributes retail growth to the increasing adoption of e-commerce and m-commerce by physical retailers in the region.