Shinsegae Ranks 7th Among Asian Retailers

Shinsegae Ranks 7th Among Asian Retailers thumbnail

Shinsegae has been ranked seventh among Asia’s top 100 retailers in terms of sales.

According to an annual report by Euromonitor International released last week, the Korean retail giant moved up two spots from last year to seventh with sales of US$48.91 billion, becoming the only Korean retailer to make it to the top 10.

But three other Korean companies made the top 100, with Coupang, Lotte and Naver ranking 11th, 12th and 15th.

Chinese e-commerce giants Alibaba and maintained the top two spots for the second consecutive year with respective sales of $478.9 billion and $368.4 billion.

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