Retailers provide the service of making goods available to consumers in convenient quantities and locations. Retailing involves buying from wholesalers or directly from manufacturers, breaking bulk, displaying goods for sale either physically or online, and sometimes delivery. Wholesalers are independent organizations in the distribution channel that buy in bulk and sell to resellers rather than to consumers. Both retailers and wholesalers take ownership of the goods and so bear the risk of carrying inventory. They also reduce the total number of transactions required for the process of transferring goods from manufacturers to consumers.
The top five companies covered are Wal-Mart Stores Inc., McKesson Corporation, AmerisourceBergen Corporation, Cardinal Health Inc. and Costco Wholesale Corporation.
Wal-Mart Stores Inc. was the largest company in the retail and wholesale market in 2017.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
The global retail and wholesale market was valued at more than $3 trillion in 2017. Asia Pacific was the largest region in the retail and wholesale market in 2017, accounting for 29% market share. The USA was the largest country in the market in 2017, accounting for 20% market share.
Innovations in automation technology are on the rise and retail stores are increasingly using in-store automation to streamline retail shopping. Automation in retail stores is aimed at automating store operations such as container movement, merchandise scanning, inventory checking, retrieving, packaging, and delivering products, and connecting with customers. Automation reduces waiting times, avoids stocking problems, enhances productivity, and increases overall customer experience.