Chapter 7 consumers



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CHAPTER 7

|eading transnational retailers, ranked in terms of their foreign sales, are I j|ed in Table 7.2. A number of important observations can be made from these ‘ first, it gives a sense of the scale of international retail operations, with the jL Hers deriving between US$18 and $ 120 billion in sales from foreign markets in ■70*16 Second, it gives a sense of the scope of international retailing, with many of the leading players having store operations in 20-30 countries, a level of international Expansion comparable with many manufacturing sectors. Third, it reveals that many the leading retail TNCs - with some exceptions such as Wal-Mart - are Western Bgoropean in origin. While many of the world’s very largest retailers hail from the United States (e.g. Home Depot, Kroger, Lowe’s, and Target), they can achieve that size without straying far beyond the borders of their home country. Fourth, it shows that the leading transnational retailers tend to be food retailers or general merchan­disers, rather than specialty providers (e.g. selling toys or electronic goods).

Th ree further characteristics distinguish this latest phase of retail globalization. First, the sheer speed of the international expansion is notable. For example, in J990, Carrefour was to be found in five countries outside of France, and Wal-Mart was only present in its home market. By 2016, Carrefour was present in 34 markets and Wal-Mart in 29. Second, the scale of investment currently being undertaken is unprecedented. Static ‘snapshots’ such as Table 7.2 and Figure 7.1 may not give a real sense of the size of the phenomenon. For example, by 2018, Wal-Mart had 6,360 overseas stores employing a total of 800,000 workers. These expansion processes are creating retail giants with foreign operations of unprece­dented size. Third, the impacts of this expansion on the retail structures of the host countries have been significant. Table 7.3 profiles Poland’s retail structure in 20 I 7, revealing that 6 of the top 10 grocery retailers are foreign, or more specifically Western European, owned. Those six transnational retailers account for 45 per cent of the total grocery retail market and own over 5,000 stores in Poland; they particu­larly dominate in terms of larger format stores, with the Polish firms being more dominant in terms of convenience stores (hence their larger store numbers). A simi­lar story can be told for many leading economies across Eastern Europe, Latin America, and East Asia. The implications for host economies stretch way beyond the competitive impacts on the domestic retail sector. Transnational retailers also drive important changes in terms of consumption patterns (e.g. consumers switch­ing from local markets and small stores to supermarkets and hypermarkets) and supply chain dynamics (e.g. buying in bulk, removing intermediaries, demanding highiir quality standards, and implementing new logistics technologies). They have also triggered a range of responses from state regulators who have tried to manage the expansion of retail TNCs in different ways, often through planning laws.



Leading transnational retailers, then, are coordinating increasingly extensive networks of stores at the global scale. However, we need to be cautious about inferring from these trends that the nature of retail spaces is becoming identical

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