The retail industry is changing like never before, with e-commerce and technology taking over all spheres of the sector. However, despite the growing popularity of shopping online, physical stores are still formidable at selling merchandise, owning about 90 per cent of market share in US, recently released data by STORES Magazine (an NRF publication) and Kanter Retail points out.
The magazine has released its annual list of ‘Top 100’ retailers on the basis of retail sales. Here’s a list of top 10 retailers, among these 100 retailers, who have set up shop successfully in India.
Wal-Mart Stores
About: Walmart is an American multinational retail corporation that operates a chain of hypermarkets, discount department stores and grocery stores. Headquartered in Bentonville, Arkansas, the company was founded by Sam Walton in 1962 and incorporated on October 31, 1969.
India Entry: Walmart Stores Inc runs cash-and-carry stores in the country through its arm, Walmart India. It entered into India in 2007.
2015 Retail Sales: $353,108,000 (Info Source: NRF)
Headquarters / U.S. Headquarters: Bentonville, Ark.
USA Sales Growth (’15 v ’14): 2.8 per cent
Worldwide Retail Sales (000): $500,138,000
USA % of Worldwide Sales: 71.0 per cent
2015 Stores: 5,182
Growth (’15 v ’14): 1.0 per cent
Amazon.com
About: Amazon is an American electronic commerce and cloud computing company with headquarters in Seattle, Washington. It is the largest Internet-based retailer in the United States and world by total sales and market capitalization.
India Entry: Amazon entered the Indian online shopping with its price aggregator and selection website Junglee.com in February 2012. It entered the Indian e-commerce space with its online marketplace Amazon.in in June 2013.
2015 Retail Sales: $61,619,000 (Info Source: NRF)
Headquarters / U.S. Headquarters: Seattle
USA Sales Growth (’15 v ’14): 23.1%
Worldwide Retail Sales (000): $104,060,000
USA % of Worldwide Sales: 59.0%
2015 Stores: N/A
Growth (’15 v ’14): N/A
McDonald’s
About: McDonald’s is the world’s largest chain of hamburger fast food restaurants, serving around 68 million customers daily in 119 countries across 36,538 outlets. Founded in the United States in 1940, the company began as a barbecue restaurant operated by Richard and Maurice McDonald.
India Entry: McDonald’s entered India in 1996
2015 Retail Sales: $35,837,000 (Info Source: NRF)
Headquarters / U.S. Headquarters: Oak Brook, Ill.
USA Sales Growth (’15 v ’14): 1.1%
Worldwide Retail Sales (000): $82,714,000
USA % of Worldwide Sales: 43.0%
2015 Stores: 14,259
Growth (’15 v ’14): -1.0%
Apple Stores / iTunes
About: Apple Store is a chain of retail stores owned and operated by Apple Inc., dealing with computers and consumer electronics. The stores sell Macintosh personal computers, software, iPod, iPad, iPhone, Apple Watch, Apple TV, and select third-party accessories.
India Entry:Apple has not yet opened any stores in India. The company is awaiting a clarity regarding sourcing norms unders FDI in single-brand retail. Presently it sells through premium resellers who run exclusive brand stores under the franchise model.
Read: Apple needs to apply afresh to open retail stores in India
2015 Retail Sales: $34,949,000 (Info Source: NRF)
Headquarters / U.S. Headquarters: Cupertino, Calif.
USA Sales Growth (’15 v ’14): 23.1%
Worldwide Retail Sales (000): $41,020,000
USA % of Worldwide Sales: 85.0%
2015 Stores: 268
Growth (’15 v ’14): 3.0%
YUM! Brands
About: Yum! Brands, Inc., or Yum! is an American fast food company. A Fortune 500 corporation, Yum operates the licensed brands Taco Bell, KFC, Pizza Hut, and WingStreet worldwide.
India Entry: In 1995. It operates more than 800 KFC, Pizza Hut and Taco Bell stores in India through about half a dozen franchise partners.
2015 Retail Sales: $19,363,000 (Info Source: NRF)
Headquarters / U.S. Headquarters: Louisville, Ky.
USA Sales Growth (’15 v ’14): -1.8%
Worldwide Retail Sales (000): $54,051,000
USA % of Worldwide Sales: 36.0%
2015 Stores: 17,392
Growth (’15 v ’14): 0.0%
Starbucks
About: Starbucks Corporation is an American coffee company and coffeehouse chain. Starbucks was founded in Seattle, Washington in 1971.
India Entry: In January 2011, Starbucks and Tata Coffee, Asia’s largest coffee plantation company, announced plans for a strategic alliance to bring Starbucks to India and also to source and roast coffee beans at Tata Coffee’s Kodagu facility. Despite a false start in 2007, in January 2012, Starbucks announced a 50:50 joint venture with Tata Global Beverages called Tata Starbucks.
2015 Retail Sales:$14,124,000 (Info Source: NRF)
Headquarters / U.S. Headquarters: Seattle
USA Sales Growth (’15 v ’14): 12.8%
Worldwide Retail Sales (000): $19,163,000
USA % of Worldwide Sales: 74.0%
2015 Stores: 12,521
Growth (’15 v ’14): 5.0%
Subway
About: Subway is an American fast food restaurant franchise that primarily sells submarine sandwiches (subs) and salads. It is owned and operated by Doctor’s Associates Inc. (trademarked as Subway IP Inc.)
India Entry: Subway opened its first restaurant in India in 2001 in New Delhi.
2015 Retail Sales: $13,901,000 (Info Source: NRF)
Headquarters / U.S. Headquarters: Milford, Conn.
USA Sales Growth (’15 v ’14): 3.8%
Worldwide Retail Sales (000): $26,699,000
USA % of Worldwide Sales: 52.0%
2015 Stores: 27,464
Growth (’15 v ’14): 1.0%
Gap
About: The Gap, Inc., commonly known as Gap Inc. or Gap, is an American worldwide clothing and accessories retailer. It was founded in 1969 by Donald Fisher and Doris F. Fisher and is headquartered in San Francisco, California.
India Entry: Gap entered India in May 2015 through franchise pact with Arvind Lifestyle Brand.
2015 Retail Sales: $12,604,000 (Info Source: NRF)
Headquarters / U.S. Headquarters: San Francisco
USA Sales Growth (’15 v ’14): -3.6%
Worldwide Retail Sales (000): $16,629,000
USA % of Worldwide Sales: 76.0%
2015 Stores: 2,403
Growth (’15 v ’14): -3.0%
Burger King Worldwide
About: Burger King, often abbreviated as BK, is an American global chain of hamburger fast food restaurants headquartered in unincorporated Miami-Dade County, Florida, United States. The company began in 1953 as Insta-Burger King, a Jacksonville, Florida-based restaurant chain
India Entry: Burger King entered India Nov 2014 with a tie-up with the Everstone Group.
2015 Retail Sales: $10,342,000 (Info Source: NRF)
Headquarters / U.S. Headquarters: Miami
USA Sales Growth (’15 v ’14): 21.4%
Worldwide Retail Sales (000): $25,823,000
USA % of Worldwide Sales: 40.0%
2015 Stores: 7,776
Growth (’15 v ’14): 9.0%
Wendy’s
About:Wendy’s is an American international fast food chain restaurant founded by Dave Thomas on November 15, 1969, in Columbus, Ohio, United States. The company moved its headquarters to Dublin, Ohio, on January 29, 2006.
India Entry: Wendy’s entered India in May 2015 in a partnership with Sierra Nevada. Sierra Nevada Restaurants is a joint venture between International Market Management of England and Rollatainers of India.
2015 Retail Sales: $8,949,000 (Info Source: NRF)
Headquarters / U.S. Headquarters: Dublin, Ohio
USA Sales Growth (’15 v ’14): 0.7%
Worldwide Retail Sales (000): $9,504,000
USA % of Worldwide Sales: 94.0%
2015 Stores: 5,722
Growth (’15 v ’14): 0.0%
