During the global economic crisis in 2008 and 2009, one of the most challenging industry segments particularly in the US, was the retail industry as so much of the economy is driven off of retail sales.
Fast forward to 2012 as the economy has been on the mend and we look back at the progress over the past few years and see retail has reported growing revenue which has also meant increased spending in corporate training and and IT spending along with the revenue growth.
Among the Global 5000 companies, there are 340 companies in Retail. Revenue for Retail companies fell off like much of the world and has bounced back but not as high as others.
- 2008 growth was 6.9%
- 2009 was negative – 2.6%
- 2010 grew again at 5.6%
- 2011 showed growth at 7.7%
Looking at IT spending, Retail industry spends over $62 billion per year and showed more than 9% growth in IT spending from 2010 to 2011.
As one would guess, Wal-Mart leads the way as the largest in this industry sector. Here are the top 10 Retailers in The Global 5000.
- CVS Caremark
- Tesco plc
- Metro AG
- REWE Group
- Home Depot