The Largest Global Retailers in the COVID-19 Pandemic Period 2020-2021

Sorin-George Toma ()
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Sorin-George Toma: University of Bucharest, Faculty of Business and Administration, Romania

Ovidius University Annals, Economic Sciences Series, 2024, vol. XXIV, issue 1, 542-548

Abstract: During its existence, the retail industry underwent profound transformations. Over the past three decades the retail industry has incorporated new technologies, namely Artificial Intelligence, Internet of Things and Big Data Analytics. All these advancements deeply intensified competition in global retailing. The COVID-19 pandemic had a significant impact on the businesses of global retailers. The purpose of the paper is to present and briefly analyse the evolution of the largest global retailers in terms of their retail revenues in the COVID-19 pandemic period 2020-2021. In this respect, a qualitative research method was used. The results of the paper show that global retailers are dominating the retail industry. They obtained impressive retail revenues even during the COVID-pandemic period 2020-2021. Walmart, the American giant, was by far the largest global retailer in that period.

Keywords: global retailers; global retailing; retail revenues; retail industry; COVID-19 pandemic (search for similar items in EconPapers)
JEL-codes: F23 M00 M16 (search for similar items in EconPapers)
Date: 2024
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Citations: View citations in EconPapers (1)

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