According to a newest report by IGD, British Tesco would become the world's second largest retailer in the next five years. It will grow quicker than Carrefour at the compound annual growth rate of 11% compared with 7% for Carrefour between 2007 and 2012. This would sit Tesco immediately behind Wal-Mart, which will grow its turnover by $ 100 billion in the same period.
Emerging markets are expected to draw an ever-greater attention in the future as retailers enter a new phase of globalization, suggesting a more cautious approach and a greater focus on asset performance. Low prices, a strong message on quality and an operating efficiency will contribute also to the success.
International expansion in markets such as China, United States and India is expected to contribute to Tesco generating a turnover of $ 157.1 billion by 2012.
Carrefour is also expected to generate a solid growth in markets with strong potential such as Brazil and China, helping to offset the slowdown in more mature regions such as Western Europe.
IGD estimates that in grocery retailing, Chinese and Indian markets are expected to grow each on a compound annual pace of 13.2% between 2008 and 2012 and estimates also that Indonesia, Ukraine and Vietnam are other emerging markets to watch.
2007-2012 turnover projections of leading global retailers : Wal-Mart, Carrefour, Tesco and Metro.
year Wal-Mart Carrefour Tesco Metro
2007
374.5 bil. $ 112.6 bil.$ 94.7 bil. $ 88.2 bil. $2012
476.2 bil. $ 157.0 bil. $ 157.1 bil. $ 119.9 bil. $Source : IGD Research
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