Ovidius University Annals: Economic Sciences Series (Aug 2024)
The Largest Global Retailers in the COVID-19 Pandemic Period 2020-2021
Abstract
During its existence, the retail industry underwent profound transformations. Over the past three decades the retail industry has incorporated new technologies, namely Artificial Intelligence, Internet of Things and Big Data Analytics. All these advancements deeply intensified competition in global retailing. The COVID-19 pandemic had a significant impact on the businesses of global retailers. The purpose of the paper is to present and briefly analyse the evolution of the largest global retailers in terms of their retail revenues in the COVID-19 pandemic period 2020-2021. In this respect, a qualitative research method was used. The results of the paper show that global retailers are dominating the retail industry. They obtained impressive retail revenues even during the COVID-pandemic period 2020-2021. Walmart, the American giant, was by far the largest global retailer in that period.
