Amazon Secures Second Spot in Global Retail, Costco Leads Club Warehouse Growth
Amazon secures the second spot, followed by Schwarz Group, Aldi, and Costco in the global retail landscape. Meanwhile, the club warehouse format, led by Costco, and the cash-and-carry format, headed by Metro AG, continue to grow, driven by the expanding middle class, particularly in China, South Asia, and Latin America.
The club warehouse format, popularised by Costco with over 800 locations worldwide, has found success globally. It caters to small businesses and the growing middle class, offering unique items, luxury products, and bulk purchases to drive membership and renewal rates. Costco's leadership in this format is challenged by Walmart's Sam's Club chain and PriceSmart, both of which have significant international footprints.
Atacadão, which emerged in Latin America, has been slow to expand outside the region. However, the global middle class is growing at a rate of approximately 100 million people per year, presenting opportunities for retailers like Atacadão to tap into these markets. Metro AG, leading the cash-and-carry format with over 600 locations in 21 countries, also stands to benefit from this growth.
The club warehouse and cash-and-carry formats, with their value-added services and unique offerings, are well-positioned to grow as the global middle class expands. While Costco and Metro AG lead their respective formats, competition from Walmart and other retailers presents challenges and opportunities in the global retail market.
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