Jerónimo Martins SGPS S A : Jerónimo Martins ranks 49th among world’s largest retailers
March 02, 2022 at 12:38 pm EST
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The Jerónimo Martins Group is ranked as the 49th largest retailer in the world in the 2022 Global Powers of Retail published by Deloitte, climbing one position compared to last year's edition. According to the list published in the study, the Group is Europe's 18th largest food retailer and 32nd largest worldwide.
The 2022 report identifies the 250 largest retailers around the world and analyses the industry's financial performance in terms of turnover, growth and profitability in the various countries, business segments and store formats. The study shows that "the total retail revenue of the Top 250 companies reached US$ 5.1 trillion in FY2020 (fiscal years closed on 30 June 2021), an increase of 5.2% over FY2019."
As regards Jerónimo Martins, the analysis conducted by Deloitte shows a change in rank from the previous year, placing the Group in 49th position worldwide, with 3.5% growth and consolidated revenue of US$20,860 billion. Jerónimo Martins is present in three countries (Pingo Doce and Recheio in Portugal, Biedronka and Hebe in Poland, and Ara in Colombia).
Top three spots continue to be held by Walmart, followed by Amazon and Costco Wholesale Corporation.
Walmart (US$559,151 billion) continues to rank #1, followed by Amazon (US$213,573 billion) and Costco Wholesale Corporation (US$166,761 billion). The list of the 10 largest retailers in the world continues to be dominated by companies based in the United States (7), although, and for the first time, during the 2020 fiscal year, a Chinese retailer (JD) entered the Top 10.
The fast-moving consumer goods (FMCG) sector continues to be the largest product sector, accounting for 66.4% of the retail revenue of the Top 250 largest companies.
With 55% of consumers claiming to buy sustainable products or services, Deloitte's Global Powers of Retail study also shows that retailers are adjusting their supply chains to respond to sustainable growth and responsible consumption trends. Most retailers in the Top 250 have outlined their ESG commitments and are making an effort to promote ESG-related metrics. To address the concerns of customers, such as Millennials and Gen Zs, retailers are placing the sustainability of their brands and products at the heart of their business strategies.
João Paulo Domingos, Partner and Deloitte Consumer sector leader, explains that "although 2021 was a very challenging year due to increased inflation, labour shortages, and supply chain disruptions caused by the pandemic, the retail sector is on a path of growth, with key players able to respond to the most demanding challenges posed by the new reality".
Note:
It should be remembered that Jerónimo Martins informed the capital market of a growth in consolidated sales of 8.3% to €20,889 million in 2021.
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Jeronimo Martins SGPS SA published this content on 02 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 March 2022 17:37:05 UTC.
Jerónimo Martins, SGPS, S.A. is a Group that holds assets in the food sector, mostly in distribution, with market leadership positions in Poland and Portugal. In 2023, the Group recorded sales of 30.6 billion euros and an EBITDA of 2.2 billion euros. The Group had a total of 134,379 employees and ended 2023 with a market capitalisation of 14.5 billion euros on the Euronext Lisbon stock exchange.
In Poland, Biedronka, representing 70% of Group sales and 85% of its EBITDA, is a chain of food stores and the undisputed leader in food retail and in 2023 it continued to increase its market share. Also in Poland, Hebe focuses on the specialised retail of health and beauty products, managing a considerable assortment of products at competitive prices and an in-store consultation service. At the end of 2023 Hebe opened two stores in Czechia, aimed at putting a face to the brand's presence in this country, where growth will be driven through e-commerce.
In Portugal, the Group has a leadership position in food distribution. It operates the banners Pingo Doce and Recheio, which are market leaders in the supermarket and cash & carry formats, respectively. Pingo Doce is a supermarket chain that has a restaurant area in most of its stores. It has two central kitchens that supply not only these restaurants, but also its in-store takeaway operation. Recheio operates a chain of cash & carry stores and has strengthened its business model with a specialised food service operation, underpinned by dedicated platforms, which essentially serve HoReCa customers with a delivery service. Recheio continues also to expand a network of traditional retail partners under the Amanhecer banner. Jerónimo Martins Agro-Alimentar currently operates in four distinct areas: dairy, livestock farming, aquaculture, and fruit and vegetables. The Group also operates two specialised chains, the Jeronymo coffee shops and kiosks and the Hussel chocolate and confectionery chain.
In Colombia, Ara is a chain of proximity food stores, mostly set up in residential neighbourhoods, offering quality at the best price and combining competitiveness with promotional opportunities in key categories for the Colombian consumer. Also in Colombia, Bodega del Canasto operates as a mini cash & carry, aiming for the traditional market (B2B), offering customised Private Brands and industry brands solution.
JERÓNIMO MARTINS, SGPS, S.A. 
