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Top 25 retailers by revenue in FY2021 revealed by GlobalData Divya Vootkuru, Business Fundamentals Analyst at GlobalData, comments: “All 25 of the retailers we tracked implemented measures to expand their business operations during the COVID-19 period. Major online merchants such as Amazon, JD.com and Alibaba gained a revenue growth of above 20% in FY2021. Further, they saw a compound annual growth rate (CAGR) of more than 25% during the 2017–2021 period, driven by a significant increase in the number of annual active customers as buyers preferred to shop online.”

Vootkuru continues: “The impressive growth seen by these pharmaceutical retailers resulted from an increase in the consumption of prescription drugs, the release of new pharmaceutical products, and the successful distribution of COVID-19 vaccines.”

Vootkuru adds: “A survey by GlobalData reveals that 59.8%** of UK consumers used their extra time during lockdowns to refresh their homes, with 29.5% buying new homeware and 13% buying new furniture. The most popular was the study/office, as people prepared their desks to work from home, but dining rooms and living rooms also got a spruce up. It wasn’t just new homeware, though, as 74.9% of respondents said they intended to undertake some DIY at home—greatly benefitting retailers such as Lowe’s and Home Depot.”

Of the top 25 retailers, Seven & I was the only retailer to report double-digit revenue growth, at 43.2% YoY and 9.3% CAGR. This was achieved via increased sales in overseas convenience store operations, largely driven by 7-Eleven’s acquisition of Speedway. Meanwhile, JD.com was the only major player to record a YoY decline of over 60% in operating profit and net profit, and Couche-Tard saw the largest YoY loss in revenue and a decline of more than 15%.

In the fiscal year 2021, over 80% of the top 25 retail companies reported YoY growth in their net profits, with 11 retailers recording more than 50% growth. Higher revenue and improved operational performance, as well as reduction in expenses, led an increase in the net earnings of Walgreens, Sainsbury, Loblaw, Costco, Best Buy, Carrefour, Ahold Delhaize, Amazon, Aeon, Kroger, Woolworths, Nike, and Albertsons.

** Data taken from GlobalData’s survey of 2,000 nationally representative UK respondents conducted in May 2020.