Question : Which firm has been ranked second fastest growing retailer in the world in the 2021 ?
(A) Reliance Retail
(B) Future Retail
(C) V-mart
(D) Shoppers stop
Ans.(A)
Related facts
- Reliance Retail has recently(May 2021) been ranked second fastest growing retailer in the world in the 2021.
- 2021 ranking of global retail power houses
- This ranking has been done by Deloitte.
- Reliance Retail has been ranked second fastest growing retailer in the world in the 2021.
- Reliance Retail has down from top rank secured the previous years.
- It has been ranked 53rd in the list of Global Powers of Retailing, improvement from 56th earlier.
- The list is topped by US giant Walmart Inc, which retains its position as world’s top retailer.
- Amazon.com Inc improved its position to rank second. Costco Wholesale Corporation of US slipped a rank to be placed third followed by Schwarz Group of Germany.
- The top 10 has seven US retailers and one from the UK (Tesco PLC at 10th position). Other US retailers in the top 10 include The Kroger Co (ranked 5th), Walgreens Boots Alliance, Inc (6th) and CVS Health Corporation (ranked 9th). Germany’s Aldi Einkauf GmbH & Co. oHG and Aldi International Services GmbH & Co. oHG is placed at 8th position.
- Reliance Retail’s position
- Reliance Retail is the only Indian entry in the global list of 250 retailers. It features consecutively for the 4th time in the list of Global Powers of Retailing and World’s Fastest Retailers.
- Deloitte
- London based Deloitte is a multinational professional services network with offices in over 150 countries and territories around the world.
- It is one of the Big Four accounting organizations and the largest professional services network in the world by revenue and number of professionals.
By — Pankaj Pandey.