Asia Pacific's Top 500 Retailers See Drop in Traditional Retail Sales, Growth in Internet Retailing

SINGAPORE, SINGAPORE–(Marketwired – June 22, 2014) – Euromonitor International and Retail Asia are pleased to announce the launch of the eleventh edition of the Retail Asia Top 500 Retailers Ranking, listing the largest retailers in the region.

The retailers on the Retail Asia Top 500 Ranking had total combined revenue of $1.035 trillion, down nearly 3 percent from the previous year, due to a weakening yen. The decline in combined sales primarily was caused by the weakening exchange rate of major Asian currencies against the US dollar, which was the common denominator used for the Top 500 ranking.

Japan still dominates the top 10 positions in the Retail Asia Top 500 Ranking, but China has officially overtaken Japan with the overall highest number of entries. China’s share of the Top 500 list has continuously grown from 19 percent in 2009 to over a 31 percent share in 2013.

“The top ten Japanese retailers’ total sales turnover increased a creditable 3.1 percent year-on-year in domestic Yen currency term. When denominated in US dollars, the same turnover figure contracted a harsh double-digit 14.5 percent. The scenario practically held across the board among other major Asian economies as well,” says Steven Goh, executive chairman of Retail Asia.

While the Top 500 Retailers in Asia-Pacific registered a drop in retail sales, internet retailers have enjoyed double digit growth. In 2013, the top 10 internet retailers in Asia-Pacific had sales totalling $110 million, up 23 percent from the previous year, according to Euromonitor. This channel has strong potential as store fronts carry high rental fees and additional labour costs with internet retailing offering consumers more convenience, greater product availability and competitive prices. Of the top 10, the leading six players are pure Internet retailers that operate in multiple markets in the region.

Euromonitor International’s Head of Retailing, Daniel Latev says, “While growth is not expected to be as dynamic as before, the Middle East, Africa and Asia-Pacific will generate the highest amount of new sales worldwide. In the next five years, those regions will account for more than half of all new global sales, offering enticing opportunities for retailers of which 500 retailers have already made it to this list.”

Ranking	Country		Fascia/Brand		Retail Company	2013
						Outlets	Sales (US$ mn)
1	JP		7-Eleven		7-Eleven Japan	15,929	38,293
2	AU		Thomas Dux, Woolworths		Woolworths	933	31,881
3	JP		AEON, Daieie		AEON Group	602	30,230
4	AU		Bi-Lo, Coles		Westfarmers	786	28,843
5	JP		Best Denki, Yamada Denki		Yamada Denki	1,379	21,137
6	JP		Lawson, Lawson Store 100		Lawson Inc	10,976	20,585
7	JP		Ito-Yokado, Robinson’s, Seibu, et al		Seven & I Holdings	201	19,407
8	JP		Family Mart, Tomony		Family Mart	10,493	16,037
9	CN		Auchan, RT Mart		Sun Art Retail Group	325	14,101
10	CN		CR Sugo, Tesco Legou, et al		China Resources Enterprise	877	14,081

About Euromonitor International

Euromonitor International is the world’s leading provider for global business intelligence and strategic market analysis. For 40 years, we have offered quality international market intelligence on industries, and countries and consumers. Our research offers in-depth market analysis on consumer goods and services industries worldwide, as well as economic, demographic and socio-economic data and insight on countries and consumers.

Euromonitor International is headquartered in London, with regional offices in Chicago, Sao Paulo, Singapore, Shanghai, Vilnius, Santiago, Dubai, Cape Town, Tokyo, Sydney and Bangalore, and has a network of over 800 analysts worldwide.

About Retail Asia Publishing

Retail Asia Publishing Pte Ltd is the industry leader for multi-informational hub for the retail companies. Established in 1991, Retail Asia Publishing represents retail news and updates of the Asia Pacific nations in the monthly Retail Asia magazine. Staffed by industry specialists, Retail Asia Publishing is headquartered in Singapore, with a regional circulation of 15,036 and a worldwide readership of almost 60,000. For more information, visit www.retailasiaonline.com.

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