By 
October 20, 2022 (Investorideas.com Newswire) Amid rising fears of a potential recession, interest rate hikes and high inflation, the global top 25 retailers by market capitalization (MCap) witnessed a 2.7% decline in their cumulative MCap in Q3 2022, which resulted in a loss of approximately $90 billion, finds GlobalData. The leading data and analytics company notes that the top three US retailers-Amazon, Walmart, and Home Depot-reported growth in their valuation, whereas Chinese retail giants, Alibaba and JD.com, reported a decline of 30.3% and 21.4%, respectively, in Q3 2022 compared to Q2 2022.
Ragupathy Jayaraman, Business Fundamentals Analyst at GlobalData, comments: “The retail industry is marred by uncertainty due to various factors such as volatile global economic conditions, foreign exchange fluctuation and high inflation. However, social commerce, omnichannel solutions, and automated technology are some of the continuing trends in the retail industry.”
Contrary to its performance in the previous quarter, Amazon was the only company among the top 25 retailers to gain around $70 billion in its Q3 valuation. The company is slowly recovering its valuation after making substantial losses during the year. Amazon achieved its estimated sales of $121 billion in Q2 thanks to significant growth in advertising services and revenue from AWS, and the company intends to generate sales between $125?EUR”130 billion in Q3 2022.
Jayaraman notes: “Despite mounting inflationary pressures and reduced consumer spending, US retailers Ross Stores and TJX reported growth in their market cap in Q3, while South Korea-based Coupang was able to improve its valuation in the past six months due to its wide range of products and fast shipping times.”
More than 50% of the top 25 global retailers reported a decline in their valuation, which include retail majors Alibaba, Costco, Nike, Inditex, Kroger, and Dollar Tree.
Jayaraman adds: “Alibaba and JD.com witnessed a decline of more than 20% in their valuations in Q3 2022. The Chinese government’s regulatory crackdown on organizations and mass lockdowns in the country continue to raise concerns for e-commerce companies.”
For more information
To gain access to our latest press releases: GlobalData Media Centre
Analysts available for comment. Please contact the GlobalData Press Office:
EMEA & Americas: +44 (0)207 832 4399
Asia-Pacific: +91 40 6616 6809
Email: pr@globaldata.com
Notes to Editors
Quotes provided by Ragupathy Jayaraman, Business Fundamentals Analyst at GlobalData
About GlobalData
4,000 of the world’s largest companies, including over 70% of FTSE 100 and 60% of Fortune 100 companies, make more timely and better business decisions thanks to GlobalData’s unique data, expert analysis and innovative solutions, all in one platform. GlobalData’s mission is to help our clients decode the future to be more successful and innovative across a range of industries, including the healthcare, consumer, retail, financial, technology and professional services sectors.
More Info:
This news is published on the Investorideas.com Newswire – a global digital news source for investors and business leaders
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.
More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com
Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp
Comments