Spatial Adjustments of Furniture Industry Yingxin Wang

Total Page:16

File Type:pdf, Size:1020Kb

Spatial Adjustments of Furniture Industry Yingxin Wang ADVERTIMENT. Lʼaccés als continguts dʼaquesta tesi queda condicionat a lʼacceptació de les condicions dʼús establertes per la següent llicència Creative Commons: http://cat.creativecommons.org/?page_id=184 ADVERTENCIA. El acceso a los contenidos de esta tesis queda condicionado a la aceptación de las condiciones de uso establecidas por la siguiente licencia Creative Commons: http://es.creativecommons.org/blog/licencias/ WARNING. The access to the contents of this doctoral thesis it is limited to the acceptance of the use conditions set by the following Creative Commons license: https://creativecommons.org/licenses/?lang=en UAB Universitat Autònoma de Barcelona Department of Geography Ph. D. Thesis Spatial Adjustments of Furniture Industry. a Comparison of Spain and Denmark (2006-2015) Yingxin Wang Directors: Dr. Montserrat Pallares-Barbera, Dr. Ana Vera Barcelona, 2019 Acknowledgement I would like to express my deep indebted to my thesis supervisors Professor Montserrat Pallares-Barbera and Professor Ana Vera for their valuable instructions on my thesis. Without their encouragement, patient and insightful expert guidance, the completion of this thesis would not be possible. I also deeply appreciate Professor Antoni F. Tulla in our department who gives many valuable and remarkable suggestions and recommendations. I would like to thank the kind support of Professor Niels Fold from University of Copenhagen as well. He is my supervisor of the traineeship program in University of Copenhagen. He tried his best to give me all kinds of help to ensure the success of the research about Denmark. At the meantime, great help from Professor Lars Winther from University of Copenhagen and Professor Mark Lorenzen from Copenhagen Business School shall always bear firmly in my mind. Abstract The main objective of the thesis is to analyse the most important factors of location strategies of the furniture industries in Spain and Denmark. The analysis combines both qualitative and quantitative research. Qualitative research includes the macro location strategies analysis of the industry and micro location strategies analysis of the companies in the clusters. Quantitative analysis (Grubel and Lloyd-GL index and multiple linear regression analysis) is to ascertain the important geographic economics factors affecting the Intra-Industry Trade. The analysis of the macro situation of the furniture industries of the two countries shows that Denmark has advantages in production and design. To compete with Denmark, Spain is trying to remedy their production decline by providing direct financial aid to these companies and encouraging furniture exports to emerging countries. Furthermore, Spain is putting more effort into its design-phase R&D. The analysis of the micro situation of the furniture companies in the clusters in the two countries shows that Denmark has advantages in transportation due to high consolidation levels. In this way, they reduce more costs than Spain. However, the companies in the two countries do not have comparative advantages in production and design due to the companies’ differing situations. The result also exhibits that production, design and promotion are important for the companies in clusters in the two countries. Transportation is less important than these three factors. However, from the macro point of view of the cluster, transportation is important since producers’ efficient consolidation of transport can lower the cost of the whole cluster. In the analysis of the Intra-Industry Trade, there are two important findings. One is that the Intra-Industry Trade in Spain is more diversified than in Denmark for the following two reasons. First, all the five major trade partners of Denmark are European countries. However, in the five major trade partners of Spain, only three of them are European countries, whilst two are non-European countries. Spain has much two way trade with these two countries because they can use the transportation advantage of the Mediterranean Sea. Second, the result of the regression analysis demonstrates that Spain undertakes frequent two way trade with high GDP countries. This phenomenon is not found in Denmark. Another finding is that the two countries compete for the European market due to geographical distances; additionally, common borders are important to both, and the main import and export markets for both countries are Europe. The dissertation has both contribution in the method and content. The method used in this thesis has some differences compare to the literature of the geographic economics. For example, in the quantitative research of the Intra-Industry Trade, the generalized least square regression method was used, which is different from the regression method used in other research. From the point of view of the content, the dissertation has contributions in the following three parts. First, it identified that the strategies used in the clusters in the two countries are different. The strategies of Spanish companies focus on the quality. Denmark emphasises the cost advantage and quality at the same time. Second, this dissertation discovered the characteristics of the national cluster of Denmark. Third, this analysis also talked about factors that are not mentioned in other analyses such as location decisions and two new trends of outsourcing. Key words: location strategies, furniture industry, cluster, Intra-Industry Trade, GL index, multiple linear regression Resumen El objetivo principal de la tesis es analizar los factores más importantes de las estrategias de ubicación de la industria del mueble en España y Dinamarca. El análisis combina investigación cualitativa y cuantitativa. Con la investigación cualitativa se desarrolla el análisis de estrategias de macro ubicación de la industria y el análisis de estrategias de micro ubicación de las empresas en clústeres. Con el análisis cuantitativo (índice de Grubel y Lloyd-GL y análisis de regresión lineal múltiple) se determinan los factores económicos geográficos importantes que afectan el Comercio Intra-Industrial. El análisis de la macro situación de las industrias de muebles de los dos países muestra que Dinamarca tiene ventajas en la producción y el diseño. Para competir con Dinamarca, España está tratando de remediar el declive de su producción al proporcionar ayuda financiera directa a estas empresas y al alentar la exportación de muebles a países emergentes. Además, España está dedicando mayor esfuerzo en su fase de diseño de I+D. El análisis de la micro situación de las empresas de muebles en clústeres en los dos países muestra que Dinamarca tiene ventajas en el transporte debido a altos niveles de consolidación. De esta forma, reducen más costes que España. Sin embargo, las compañías de ambos países no tienen ventajas comparativas en la producción y el diseño debido a las diferentes situaciones de las compañías. Los resultados del estudio también demuestran que hay tres factores, la producción, el diseño y la promoción, que son significativamente más importantes para las compañías en clústeres en los dos países. El transporte es menos importante que estos tres factores. Sin embargo, desde un punto de vista macro del clúster, el transporte es importante ya que puede reducir el costo de todo el clúster debido a la consolidación eficiente. El análisis del Comercio Intra-Industrial genera dos hallazgos importantes. Una es que el Comercio Intra-Industrial en España está más diversificado que en Dinamarca por las siguientes dos razones. La primera, los cinco principales socios comerciales de Dinamarca son países europeos. Sin embargo, en los cinco principales socios comerciales de España, solo tres de ellos son países europeos, mientras que dos son países no europeos. España tiene comercio bilateral con estos dos países no europeos porque pueden utilizar la ventaja de transporte del Mar Mediterráneo. La segunda razón, que se extrae del análisis de regresión, es que España realiza frecuentes intercambios comerciales con países con un PIB alto. Este fenómeno no se encuentra en Dinamarca. Otro hallazgo es que los dos países compiten por el mercado europeo debido a las distancias geográficas; además, las fronteras comunes son importantes para ambos, y los principales mercados de importación y exportación para ambos países son Europa. Esta tesis aporta implicaciones valiosas a nivel de método y de contenido. El método utilizado en esta tesis tiene algunas diferencias en comparación con la literatura de la economía geográfica. Por ejemplo, en la investigación cuantitativa del Comercio Intra-Industrial, se utilizó el método de regresión por mínimos cuadrados generalizado, que es diferente del método de regresión utilizado en otras investigaciones. Desde el punto de vista del contenido, la tesis tiene contribuciones en las siguientes tres partes. Primero, identificó que las estrategias utilizadas en los clusters de los dos países son diferentes. Las estrategias de las empresas españolas se centran en la calidad. Dinamarca enfatiza la ventaja de costos y la calidad al mismo tiempo. En segundo lugar, esta tesis descubrió las características del clúster nacional de Dinamarca. En tercer lugar, este análisis también identifica factores que no se mencionan en análisis previos en la literatura, como las decisiones de ubicación y dos nuevas tendencias de subcontratación. Palabras clave: estrategias de ubicación, industria del mueble, clúster, Comercio Intra-Industrial, índice de GL, regresión lineal múltiple Content List of tables ......................................................................................................................................
Recommended publications
  • A Viking-Age Settlement in the Hinterland of Hedeby Tobias Schade
    L. Holmquist, S. Kalmring & C. Hedenstierna-Jonson (eds.), New Aspects on Viking-age Urbanism, c. 750-1100 AD. Proceedings of the International Symposium at the Swedish History Museum, April 17-20th 2013. Theses and Papers in Archaeology B THESES AND PAPERS IN ARCHAEOLOGY B New Aspects on Viking-age Urbanism, c. 750-1100 AD. Proceedings of the International Symposium at the Swedish History Museum, April 17–20th 2013 Lena Holmquist, Sven Kalmring & Charlotte Hedenstierna-Jonson (eds.) Contents Introduction Sigtuna: royal site and Christian town and the Lena Holmquist, Sven Kalmring & regional perspective, c. 980-1100 Charlotte Hedenstierna-Jonson.....................................4 Sten Tesch................................................................107 Sigtuna and excavations at the Urmakaren Early northern towns as special economic and Trädgårdsmästaren sites zones Jonas Ros.................................................................133 Sven Kalmring............................................................7 No Kingdom without a town. Anund Olofs- Spaces and places of the urban settlement of son’s policy for national independence and its Birka materiality Charlotte Hedenstierna-Jonson...................................16 Rune Edberg............................................................145 Birka’s defence works and harbour - linking The Schleswig waterfront - a place of major one recently ended and one newly begun significance for the emergence of the town? research project Felix Rösch..........................................................153
    [Show full text]
  • Arriving at The
    RetailQ4 2019 TIMES arriving at the CJYSKH The S toryE BehindC The ArrivalK of JYSK toOUT Ireland Impact of Brexit on Retail How Arboretum are Dealing with the Challenge Increasing Online Sales Improving The Checkout Experience WELCOME elcome everyone to this edition of While I am aware of the many significant Retail Times. As we all prepare trading issues we face today, no more so than the for Brexit, I am sure you will dreaded Brexit, I am sure that 2020 will witness W agree that whatever type Brexit a return to positive retail sales growth and an plays out, it would be best to get it delivered overall improvement in consumer sentiment. expediently so that Irish consumers can get back to their normal lives, and normal spending I wish everyone a productive quarter four trading habits. is extended period of doubt and fear period. has had a very negative impact on consumer sentiment. Yours sincerely, Retail Excellence has a number of upcoming Joe Barrett events to look forward to including a Budget Chief Operations Officer, Applegreen PLC Briefing event in e Kilkenny Store, Nassau Chairman, Retail Excellence Street on the evening of October 8th, Budget Day, and a very interesting eCommerce Connect event on October 15th. I hope to see you there. e big event later in the quarter is of course the AIBMS Retail Excellence Awards on November 9th in the Great Southern Hotel, Killarney. May I take this opportunity to wish all of our deserving finalists the very best of luck on the night. Win or lose, you can be very proud of your achievements to date and I congratulate you on progressing so far through the competition.
    [Show full text]
  • MOBILITY, EXCHANGE, and TOMB MEMBERSHIP in BRONZE AGE ARABIA: a BIOGEOCHEMICAL INVESTIGATION DISSERTATION Presented in Partial F
    MOBILITY, EXCHANGE, AND TOMB MEMBERSHIP IN BRONZE AGE ARABIA: A BIOGEOCHEMICAL INVESTIGATION DISSERTATION Presented in Partial Fulfillment of the Requirements for the Degree of Doctor of Philosophy in the Graduate School of The Ohio State University By Lesley Ann Gregoricka, B.A., M.A. Graduate Program in Anthropology The Ohio State University 2011 Dissertation Committee: Clark Spencer Larsen, Advisor Joy McCorriston Samuel D. Stout Paul W. Sciulli Copyright by Lesley Ann Gregoricka 2011 ABSTRACT Major transitions in subsistence, settlement organization, and funerary architecture accompanied the rise and fall of extensive trade complexes between southeastern Arabia and major centers in Mesopotamia, Dilmun, Elam, Central Asia, and the Indus Valley throughout the third and second millennia BC. I address the nature of these transformations, particularly the movements of people accompanying traded goods across this landscape, by analyzing human and faunal skeletal material using stable strontium, oxygen, and carbon isotopes. Stable isotope analysis is a biogeochemical technique utilized to assess patterns of residential mobility and paleodiet in archaeological populations. Individuals interred in monumental communal tombs from the Umm an-Nar (2500-2000 BC) and subsequent Wadi Suq (2000-1300 BC) periods from across the Oman Peninsula were selected, and the enamel of their respective tomb members analyzed to detect (a) how the involvement of this region in burgeoning pan- Gulf exchange networks may have influenced mobility, and (b) how its inhabitants reacted during the succeeding economic collapse of the early second millennium BC. Due to the commingled and fragmentary nature of these remains, the majority of enamel samples came from a single tooth type for each tomb (e.g., LM1) to prevent ii repetitive analysis of the same individual.
    [Show full text]
  • The Domestic Furniture Market in Denmark
    CBI MARKET SURVEY: THE DOMESTIC FURNITURE MARKET IN DENMARK CBI MARKET SURVEY THE DOMESTIC FURNITURE MARKET IN DENMARK Publication date: September 2006 Introduction This CBI market survey gives exporters in developing countries information on some main developments on the domestic furniture market in Denmark. The information is complementary to the information provided in the CBI market survey ‘The domestic furniture market in the EU’ which covers the EU in general. That survey also contains an overview and explanation of the selected products dealt with, some general remarks on the statistics used as well as information on other available documents for this sector. It can be downloaded from http://www.cbi.nl/marketinfo 1. Market description: consumption and production Consumption • The domestic furniture market in Denmark is valued at Є 1,096 million in terms of retail sales. • This is the fourteenth largest in the EU and is similar to a cluster of other countries, including Finland, the Czech Republic and Ireland. The introduction of the Euro caused price rises as the value of the Danish Krona is closely linked to the Euro. Table 1.1 Consumption of domestic furniture in Denmark, 2001-2005, Є million 2001 2003 2005 Population Consumption Households Occupants Єm Єm Єm (million) per capita Є (000’s) per h/h Denmark 1,085 1,075 1,096 5.4 203 2,498 2.2 Source: National Trade Associations, Euromonitor, Eurostat (2006) • Consumption is starting to increase again after falls in previous years. It is now higher than 2001 levels. • Further sales increases are likely in the next few years, fuelled by continued consumer interest in home decoration and renovation.
    [Show full text]
  • Scandinavian Furniture in China Business Project
    Roskilde University Scandinavian Furniture in China Business Project Supervisor: Johannes Kabderian Dreyer Authors: Alexandra Nagyova, student number: 59075 Andreea Andrei, student number: 59086 Dong Han, student number: 59087 Number of characters: 172.303 (excluding bibliography) Alexandra Nagyova, student number: 59075 Andreea Andrei, student number: 59086 Dong Han, student number: 59087 Table of Contents Executive Summary ......................................................................................................................................... 1 Introductory Chapter ............................................................................................................................ 1 1.1 Introduction .................................................................................................................................. 1 1.2 Motivation and Problem Area ...................................................................................................... 2 1.3 Problem Formulation and the Research Question ....................................................................... 3 1.4 Literature Review .......................................................................................................................... 3 1.5 Delimitations ................................................................................................................................. 4 1.6 Structure ......................................................................................................................................
    [Show full text]
  • The 2014 Global Retail Development Index
    The 2014 Global Retail Development Index™ Full Steam Ahead for Global Retailers In developing markets from South America to Southeast Asia to southern Africa, international retailers and their regional rivals are expanding, buoyed by a more upbeat economy and growing retail environments. Full Steam Ahead for Global Retailers 1 Fifteen years ago, global retailers in developing markets were true pioneers: either they held the deed to a beautiful tract of land and a future of growth, or their best-laid plans moldered in a foreign grave. It was a true risk-reward play: global expansion could bring tremendous growth and benefit, or surprising failure and disaster. Today’s global retailers get it. They have become more strategic in their expansion and in avoiding the operational pitfalls of entries into developing markets. Using e-commerce, they are pressure-testing demand in new markets to reduce risk, and they are taking advantage of financial vehicles such as credit cards and cash-on-delivery to help increase demand. The leaders are also identifying the unique challenges of each market, from India’s foreign direct investment policies to Brazil’s high duties to Turkey’s high credit card regulations. And even after they get a foot in the door in major metropolitan shopping districts, retailers are forced to strategize quickly to capture growth in tier 2 and 3 cities before the field becomes too crowded. The overall theme of A.T. Kearney’s 2014 Global Retail Development Index™ is continued expansion. Yes, there were some notable contractions in the past year—Walmart pruned its portfolio in China and Brazil, and Tesco’s more cautious approach to China included some store closings and a new joint venture—but for the most part retailers are continuing their push into developing markets.
    [Show full text]
  • Technology Guide & Directory 2020/21
    TECHNOLOGY GUIDE & DIRECTORY 2020/21 HELPING PUBLISHERS CONNECT WITH TODAY’S INNOVATORS CONTENT READER REVENUE NEWSPAPER MANAGEMENT TECH STACK PRODUCTION Luc Rademakers on what Recent report highlights Production, distribution publishers should look tech considersations lessons learned during for in a CMS needed for success the pandemic 6 8 16 Protecmedia1page210x297.pdf 7 04/12/2020 14:39:15 Your editorial solution, now in the cloud SUBSCRIPTIONS C WEB CMS M Y EDITORIAL A.I. CM MY CY AD PLANNER CMY K SMART DATA AD BOOKING SYSTEM AUDIENCES Milenium Cloud is Protecmedia’s new service in the cloud Reduce operating and infrastructure costs, paying for for the edition and publication of multiplatform content, the use of a platform that is scalable, flexible and on based on the technological efficacy of Oracle Cloud. demand. Maximise your productivity within a secure and Optimise and evolve your workflows and the result of customised virtual environment that is easy to implement, your business model through a solution that is highly with the guarantee of Protecmedia’s solidity and quality. available and uses cutting-edge technology. Strengthen your editorial strategy with advanced functionalities for the management of multichannel content. www.protecmedia.com EDITORIAL WAN-IFRA TECHNOLOGY GUIDE 2020/21 3 Our ‘Silver Linings’ Playbook By Dean Roper, Editor-in-Chief of WAN-IFRA The fallout of the ongoing pandemic for the news media industry As more publishers move to an audiences-first focus, their ability remains a bit of a mystery. But its initial impact is clear and has to leverage quality data (increasingly first-party) will pave the way been well-documented: a brutal decline in advertising revenue (al- toward a more sustainable business and future.
    [Show full text]
  • RELATIONS and RUNES the Baltic Islands and Their Interactions During the Late Iron Age and Early Middle Ages
    RELATIONS AND RUNES The Baltic Islands and Their Interactions During the Late Iron Age and Early Middle Ages Laila Kitzler Åhfeldt, Charlotte Hedenstierna-Jonson, Per Widerström, Ben Raffield Swedish National Heritage Board (Riksantikvarieämbetet) P.O. Box 1114 SE-621 22 Visby Tel. +46 8 5191 80 00 www.raa.se [email protected] Riksantikvarieämbetet 2020 Relations and Runes – The Baltic Islands and Their Interactions During the Late Iron Age and Early Middle Ages. Editors: Laila Kitzler Åhfeldt, Charlotte Hedenstierna-Jonson, Per Widerström and Ben Raffield. Cover: The Pilgårds stone. Photo: Raymond Hejdström, © Gotland Museum. Text: copyright the authors Images, graphs etc: licensed by CC BY, unless otherwise stated, http://creativecommons.org/licenses/by/4.0/ ISBN 978-91-7209-850-3 (PDF) ISBN 978-91-7209-851-0 (PoD) Innehåll 5 Introduction 11 Charlotte Hedenstierna-Jonson Entering the Viking Age through the Baltic 23 John Ljungkvist A maritime culture 31 Ben Raffield No one is an island: in-group identities in the Viking Age Baltic 41 Ludvig Papmehl-Dufay There’s something about islands: similarities and differences between Öland and Gotland in the Migration period 49 Christoph Kilger Long distance trade, runes and silver: a Gotlandic perspective 65 DARIUSZ ADAMCZYK Did the Viking Age begin on the southern shore of the Baltic Sea? Early Norse Trading Networks centred on Janów Pomorski/Truso 79 Ny Björn Gustafsson On the significance of coastal free zones and foreign tongues. Tracing cultural interchange in early medieval Gotland 91
    [Show full text]
  • We Power Your Project ABOUT US
    ... we power your project ABOUT US Since its establishment SINTEC UK LIMITED provides a range of installation services of commercial and industrial equipment. Each Client has its unique meaning of quality. We work closely with everyone to identify specific requirements, and to accommodate each project’s needs on very individual basis. We appreciate how international business is nowadays. With that in mind, and with experience of organizing projects in international environment, we support our Customers on a global scale. Our offices in in USA, Latvia, Ukraine and Russia provide more flexibility in fulfilling such requirements. There is no big or small project. Each job is approached with equal level of responsibility and attention to detail. We understand the important role we play in success of each project. This is why we put heart and mind in everything we do. “To win respect of our Clients, by providing exceptional Customer experience, and remaining a reliable partner at all times.” Dimitri Romaniuk, Director OUR CORE VALUES COMMITMENT TO CLIENT RESULTS EQUALITY AND DIVERSITY Consistency in delivering exceptional service Bringing innovative thinking together. and high quality. HONESTY & INTEGRITY CONSISTENCY Taking full responsibility for own actions. Consistency in delivering exceptional Customer satisfaction. COLLABORATION & FLEXIBILITY CONTINUOUS DIFFERENTIATION Individual approach in meeting demands of Constant learning and reflection to improve complex projects. our offerings. 3 SERVICES Our services are based on technical and
    [Show full text]
  • Proposal for Strategic Focus Areas for the Danish Mediation and Complaints-Handling Institution for Responsible Business Conduct
    January 2015 Proposal for strategic focus areas for the Danish Mediation and Complaints-Handling Institution for Responsible Business Conduct 19 January 2015 1. Introduction OECD Watch appreciates the opportunity to submit a proposal to the Danish Mediation and Complaints-Handling Institution for Responsible Business Conduct (‘the Institution’), functioning as the OECD National Contact Point (NCP) for the OECD Guidelines in Denmark, to guide the Institution’s work plan for the period 2015-6. This proposal is intended to inform the Institution about sectors of particular strategic importance to Danish public and private enterprises and opportunities where the Institution can make a significant contribution to awareness raising about the OECD Guidelines for Multinational Enterprises (‘the Guidelines’). OECD Watch looks forward to discussing the proposal in greater detail with the Institution on February 25th in Copenhagen. In this proposal OECD Watch first puts forward an overview and analysis of OECD Guidelines cases filed by civil society organisations (CSOs) to identify in which sectors and countries corporate misconduct has been addressed through the OECD Guidelines’ Specific Instance procedure. This context provides a key point of departure for identifying potentially relevant work areas and sectors for the Institution. The proposal further provides an outline of high-risk industrial sectors in which Danish companies are active, along with an overview which rights these companies are thought to be at greatest risk of violating. The proposal ends with a set of recommendations for the Institution to take up when further shaping its work plan for the period 2015-6. The methods used to develop the present proposal include a qualitative and quantitative analysis of the OECD Watch case database and desk research primarily involving corporate databases, company websites, news websites, and other online sources.
    [Show full text]
  • Final Project Document Id
    UNITED NATIONS INDUSTRIAL DEVELOPMENT ORGANIZATION Project of Tajikistan Project number: 180274 Project title: Industrial modernization and upgrading of carpet-weaving, embroidery and traditional textile sectors in Tajikistan: Phase II Thematic area code HC22 Competitive Trade Capacities and Corporate Responsibility Starting date: February 2019 Duration: 36 months Project site: Dushanbe, Tajikistan and other regions to be identified by the counterpart Government co-ordinating agency: Ministry of Industry and New Technologies of the Republic of Tajikistan Counterpart: Ministry of Industry and New Technologies of the Republic of Tajikistan Executing agency: UNIDO Project Inputs: - Project costs USD1,061,947 - Support costs (13 USD 138,053 percent): - Total project costs: USD 1,200,000 Brief description: Based on the letter of H.E. Mr. Shavkat Bobozoda, Minister of Industry and New Technologies of the Republic of Tajikistan, to the Director General dated 11 December 2014, expressing the request for UNIDO’s technical assistance in the implementation of the “Programme on development of carpet weaving in the Republic of Tajikistan for the period 2014-2020”, UNIDO has developed and successfully implemented (2015-2017) a technical cooperation project entitled “Industrial modernization and competitiveness improvement of carpet-weaving and embroidery/textile sectors in Tajikistan”. A two-year pilot project (or Phase I) with a budget of USD 1,200,000 aimed to increase the productivity and competitiveness of Tajik enterprises in the carpet weaving and embroidering sectors by identifying regional and international export markets, improving the technological cycle and industrial modernization, introducing innovative marketing tools, and strengthening national expertise to provide required technical support and services to local enterprises on a sustainable basis.
    [Show full text]
  • Global Powers of Retailing 2020 Contents
    Global Powers of Retailing 2020 Contents Top 250 quick statistics 4 Global economic outlook 5 Top 10 highlights 9 Global Powers of Retailing Top 250 13 Geographic analysis 21 Product sector analysis 25 New entrants 29 Fastest 50 32 Study methodology and data sources 37 Endnotes 42 Contacts 44 Acknowledgments 44 Welcome to the 23rd edition of Global Powers of Retailing. The report identifies the 250 largest retailers around the world based on publicly available data for FY2018 (fiscal years ended through 30 June 2019), and analyzes their performance across geographies and product sectors. It also provides a global economic outlook, looks at the 50 fastest-growing retailers, and highlights new entrants to the Top 250. Top 250 quick statistics, FY2018 Minimum retail US$4.74 US$19.0 revenue required to be trillion billion among Top 250 Aggregate Average size US$3.9 retail revenue of Top 250 of Top 250 (Retail revenue) billion 5-year retail Composite 4.1% revenue growth net profit margin 4.7% Composite (CAGR Composite year-over-year retail FY2013-2018) 3.0% return on assets revenue growth 5.0% Top 250 retailers with foreign 22.8% 10.8 operations Share of Top 250 Average number aggregate retail revenue of countries where 64.8% from foreign companies have operations retail operations Source: Deloitte Touche Tohmatsu Limited. Global Powers of Retailing 2020. Analysis of financial performance and operations for fiscal years ended through 30 June 2019 using company annual reports, Supermarket News, Forbes America’s largest private companies and other sources. 4 Global economic outlook 5 Global Powers of Retailing 2020 | Global economic outlook Global economic outlook The outlook for the global economy and the retail industry in 2020 is uncertain.
    [Show full text]