PETALING JAYA: The top 250 global retailers generated aggregated revenues of US$4.31 trillion (RM19.1 trillion) in the fiscal year 2015, representing a composite growth of 5.2%, according to the Global Powers of Retailing 2017: The Art and Science of Customers Report from Deloitte Global.
“Slow economic growth in major developed economies, high levels of debt in emerging countries, deflation or low inflation in rich countries and a protectionist backlash against globalisation were among dynamics which contributed to a challenging economic environment for retailers and yet people still need to shop, so the industry carries on.
