Retail stores have spread across the world at a huge pace giving access to people to goods they require for their daily needs like food, drinks, clothing, goods etc. The retail industry has some very big global brands to reckon with. The top retail companies include brands like Walmart, Home Depot, CVS Caremark and Walgreens Boots Alliance, followed by Lowe’s Target Corp & Krogers. Costco, Carrefour and Macy’s make it to the list.
Here is a list of top 10 Retail companies in the world in 2016 based on number of stores, employees, revenues, return on assets and net profits.
Started off as a small, fancy dry goods store that was opened on the corner of 14th Street and 6th Avenue in New York City in 1858 by its founder Rowland Hussey, Macy has now become one of the largest retailers in the world.
The 157 year old company deals in Clothing, footwear, accessories, bedding, furniture, jewelry, beauty products, and housewares. Macys was the first retailer to honor a woman with an executive position.
It also pioneered in major practices like one-price system, the system placed a code in which the same item was sold to every customer for the same price. Macys was the first to introduce to the world tea bags, the Idaho baked potato and colored bath towels. Macy’s have always strived to become a retailer who has the ability to see opportunity on the horizon .The company deploys technological resources that provide excellent customer experience. The company’s strategy is based on the three pillars: Localization, Omni channel presence and Magic selling integration, these three operating together to define ultimate shopping experience. The unique Macy experience can be felt in-store, online and via mobile devices.
For each private brand, available “Only at Macy’s,” is developed to appeal to a unique customer lifestyle and is supported with various marketing programs that help create a defined image.
Recently Macy has been awarded Top Corporation of 2015 by Women's Business Enterprise National Council. It was also named as one of top 40 best companies for diversity in 2015 by Black Enterprise.