Rising costs, inflation, purchasing power. After 2 years of crazy growth boosted by Covid-19, 2022 was a good one in terms of sales, but not profitability. For the 2023 edition of this exclusive study, mind Retail analysed the financial health of the world's "Top 10" food retailers since 2017, based on main financial indicators. In terms of business model, the most omnichannel retailers are approaching the online capacity ceiling, approximately between 15% and 20% of a business. Whilst profitability of Target and Walmart has dramatically slowed, the business models of Costco, Ahold Delhaize and Kroger have been more resilient.
For a second year in a row, mind Retail compiled key numbers from annual reports of the world’s largest grocery retailers. We measured turnover, turnover growth, share of online sales, operating margin, net margin and headcount (see methodology). For Schwarz Group (Lidl, Kaufland) and Aldi, mind Retail decided not to wait for publication of annual results, all scheduled for July 2023. This barometer therefore includes the global leaders of Walmart, Costco, Kroger, Target, Ahold Delhaize, Seven &
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