Reliance Retail slips to second position in Deloitte ranking
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Reliance Retail has slipped from the top to the second position in the 2021 ranking of world’s fastest growing retailers by Deloitte. However, its ranking in the Global Powers of Retailing has improved from 56th in the previous year to current 53rd.
The list is topped by US giant Walmart, which retains its position as world's top retailer. Costco Wholesale Corporation of US slipped a rank to the third place followed by Schwarz Group of Germany.
Reliance Retail is the only Indian entry in the global list of 250 retailers. It features consecutively for the fourth time in the list of Global Powers of Retailing and World's Fastest Retailers.
The company is partnering with WhatsApp to further accelerate its digital commerce business on the JioMart platform.
It acquired the 29 stores of Shri Kannan Departmental Store at the end of FY2019, and in August 2020 announced it would acquire Future Group’s 's retail, wholesale and logistics units for $3.4 billion. The deal will almost double Reliance Retail's store space.
