For the fiscal year ended January 31, 2015, Walmart increased net sales by 1.9% to $482.2 billion and returned $7.2 billion to shareholders through dividends and share repurchases. Walmart ranked first on the 2014 Fortune 500 list of the world's largest companies by revenue.
According to a new market report published by Persistence Market Research “Global Market Study on Food Retail: Supermarkets/hypermarkets Segment To Witness Highest Growth by 2020,” the global Food Retail market was valued at USD 5.64 trillion in 2013 and is expected to grow at a CAGR of 6.1 % from 2014 to 2020, to reach an estimated value of USD 8.54 trillion in 2020.
Asia-Pacific is the largest market for food retail. Increasing per capita income, growing level of education, smaller families and increasing urbanization and westernization are the key factors driving the growth of food retail industry in this region. Europe is the second largest market for food retail due to the presence of the large number of branded stores and discounters such as Aldi, Carrefour, Auchan and Tesco which offer fresh and branded products.
Food Retail is categorized under distribution channel into four different segments: supermarkets or hypermarkets, independent and specialist retailers, convenience stores and others. Supermarket or hypermarket segment holds the largest share of the overall market in 2013 at USD 2.9 trillion and is expected to reach USD 4.44 trillion by 2020 at a CAGR of 6.2 % during 2014 to 2020.
Some of the major companies of food retail operating at the global level such as Wal-Mart Stores Inc, Carrefour SA, Tesco plc, AEON CO LTD, Metro AG, Seven & I Holdings CO Ltd, The Kroger Company, Groupe Auchan and REWE Group.
The Appel Consulting International Food Retail Market Conference will provide a platform for leaders in the industry to discuss and debate the most pressing issues facing the industry to date.