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Swiss retail giants Coop and Migros climb global rankings

Coop and Migros rise in the ranking of the largest retailers
Coop and Migros rise in the ranking of the largest retailers Keystone-SDA

Swiss retail giants Coop and Migros have performed well in a global comparison. A study by consulting firm Deloitte ranked Coop 34th and Migros 41st among the world’s 250 largest retail companies.

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Leading the pack by a significant margin is the US retail giant Walmart, boasting a turnover of $684 billion (CHF604 billion). Amazon follows with approximately $252 billion, and Costco with $242 billion. The combined turnover of the 250 companies exceeded $6 trillion in the 2023 financial year.

In fourth place is Germany’s Schwarz Group, the first non-US retailer on the list. The group, which includes Lidl and Kaufland, reported a turnover of $177 billion in 2023, according to Deloitte’s analysis.

Coop and Migros gain ground

The Swiss retail giants’ numbers are somewhat smaller. Coop climbed to 34th place in 2023 with a turnover of $36 billion, moving up three spots from the previous year.

Migros secured 41st place among the world’s 250 largest companies in 2023 with a turnover of $30.7 billion, climbing two spots in the rankings. The “orange giant” continues to make steady progress.

Translated from German with DeepL/sp

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