SINGAPORE, SINGAPORE--(Marketwire - Sept. 16, 2012) - Euromonitor International and Retail Asia are proud to announce the launch of the ninth edition of the Retail Asia Top 500 Retailers Ranking. This year's edition reported commendable performances by the top 500 retailers in the region who clocked US$959 billion worth of sales in 2011, up 11% from the previous year.
According to Euromonitor's retailing market research, China finally overtook Japan to emerge as the most influential retail market in the top 500 ranking, taking 138 out of 500 spots, and contributing to 28% of the total sales across the region in 2011. Japan, which was ranked no. 2, took 129 out of 500 spots but still contributed a robust 26% of total sales in the region.
"According to Euromonitor International's retailing research, China was one of the fastest growing retail markets in value terms in 2011" explains Geok Leng Loo, the Head of Research at Euromonitor International Asia Pacific. "However, Chinese consumers were not only spending in their own market, and a number of retailers around the world highlighted the benefits of these consumers on their sales performance." she added. "Hong Kong and Japan are two examples of countries that benefited from the high number of Chinese visitors."
In the latest edition, Euromonitor provided a preview into the most successful retail formats in the region, with convenience stores leading the way with US$9,929 of sales per square meter. While traditional brick and mortar stores remain well established in the region, internet retailing is the next frontier leading retailers in the region are actively exploring.
The Retail Asia Top 500 ranking is an accumulation of Euromonitor International's retailing data and analysis to rank the top retailers from 14 key economies across Asia Pacific in terms of total sales, number of outlets, sales area (sqm) and sales per sqm.
A summary of key findings and a list of the top 40 retailers are now available for complimentary download via the Euromonitor International blog.
About Euromonitor International
Euromonitor International is the world's leading provider for global business intelligence and strategic market analysis. We have more than 39 years of experience publishing international market reports, business reference books and online databases on consumer markets.
We deliver market research solutions to support strategic planning for today's increasingly international business environment. Our research offers in-depth market analysis on consumer goods and services industries worldwide, as well as economic, demographic and socio-economic data and insight on countries and consumers.
Euromonitor International is headquartered in London, with regional offices in Chicago, Singapore, Shanghai, Vilnius, Santiago, Dubai, Cape Town, Tokyo, Sydney and Bangalore, and has a network of over 800 analysts worldwide.
About Retail Asia Publishing
Retail Asia Publishing Pte Ltd is the industry leader for multi-informational hub for the retail companies. Established in 1991, Retail Asia Publishing represents retail news and updates of the Asia Pacific nations in the monthly Retail Asia magazine. Staffed by industry specialists, Retail Asia Publishing is headquartered in Singapore, with a regional circulation of 15,036 and a worldwide readership of almost 60,000. For more information, visit www.retailasiaonline.com.