CURRENT AFFAIRS

Detailed explanation-1: -Walmart continued its leadership of the world’s Top 250 global retailers.

Detailed explanation-2: -Walmart Inc., an American multinational retail corporation, tops the list, followed by Amazon, Inc., Costco Wholesale Corporation, Schwarz Group, and The Home Depot, Inc. Asia Pacific: China’s JD.com, Inc tops the list of companies from APAC, ranking 9th amongst the list with total revenue of around USD 94.4 billion.

Detailed explanation-3: -American retail giant Walmart has retained its position as the world’s top retailer on the Deloitte list, with Amazon and Costco placed at the number two and three spots, respectively.

Detailed explanation-4: -The Global Powers of Retailing 2022 report provides a critical snapshot of where retail has been-and where it is heading. And with the global pandemic continuing to disrupt economies, anticipating customer needs has never been more critical.

Detailed explanation-5: -Keeping within these guidelines, Walmart continues to be the world’s largest retailer, both domestically and internationally, with a significant commitment to a new online marketplace and fulfillment model.