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Woolworths and Wesfarmers in GLOBAL top 250 Retailers list

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Article updated:

Australian  favourite retail giants, Woolworths and Wesfarmers ( Coles Supermarkets), are now listed in the world’s top 25 retail companies list.

Top Australian Retailer in Global Rankings

 

coles against woolworths

The report brought out by research agency Deloitte , identifies the “250 largest retailers by revenue globally” for the fiscal year 2010, lists Woolworths in 20th (26th last year) and Wesfarmers in 23rd position (28th last year).

While the global downturn and economic slowdowns have seen many  top retailers companies going down the list , The Australian retail companies both Woolworths and Wesfarmers both  have jumped up by the list by six and five places  respectively.

The global Retailers list

 

The top Global retailers rankings also included other top global retail companies like WALMART ( No .1 From USA ) , CAREFOUR S.A. ( No.2 – From France ), TESCO PLC ( No. 3 – From UK)

wesfarmers top retailer list

Among the top 30 were also other companies like Costo , Best Buy Co,  Safeway , Ikea and Amazon. Brazil another rapidly growing economy has topped the “top 10 Latin Americas retailer  list”  with its “Grupo Pao De Acucar” taking the top honours.

So what is the big giants Woolworths and Wesfarmers made up of ?

Below is a listing of  the different divisions and businesses that make up the two Goliath’s of  australia

Wesfarmers

§ Retail – Coles, Bi-Lo, Liqourland, Coles express, Coles.com.au, First Choice Liquor, Vintage Cellars, Target, Target Country, K Mart, Kmart Tyre and Auto Services

§ Home Improvement – Bunnings, Bunnings Warehouse, Bunnings Trade

§ Office Supplies – Officeworks

§ Insurance – Lumley, WFi, Oamps, Crombie Lockwood

§ Resources – Urragh, Bengalla

§ Chemicals and Fertilisers – CSBP, QNP (Queensland Nitrates) and AGR (Australian Gold Reagents)

§ Gas/Energy – Kleenheat Gas, Evol LNG, Premier Power (electricity)

§ Industrial and Safety – Blackwoods, Protector Alsafe, Bullivants, Total fasteners, Coregas, Blackwoods Protector, Packaging House, Gotstock.com.au, Safety Source

§ Others, and stakes in – ModWood wood-plastic products, 50% stake each in Gresham Partners (Barminco, Silk Logistics Group and Tasmanian Walking Company) and Westpine Industries and a 24% stake in BWP warehouse retailing properties.

Woolworths

§ Retail – Woolworths Supermarkets, Woolworths Petrol, Big W, BWS, Dan Murphy’s, Wine market, Cellarmasters, Ezibuy, Countdown, Thomas Dux.

§ Home Improvement – Masters

§ Hospitality – ALH (Australia Leisure and Hospitality) group and its brands including Great Food Great Value, Live At Your Local, 28s, Function Venue Finder and Graziers beef.

§ Finance – Woolworths Money credit cards, Reloadable MasterCards and Gift cards.

§ Others – Woolworths Mobile, Langton’s

More details  about the top global retailers can be got from the Deloitte website

Download Global Powers of Retail 2011 Read and download the full report ‘Global Powers of Retailing 2011’ in PDF format.

Buddy, Can You Spare a Life Insurance Policy?

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Anything at all would really help; maybe a little Hartford? MetLife? or Deloitte? Bless you, kind sir.

Dennis Grayson

Not Enough Life Insurance Agents

We recently reported that the number of agents selling life insurance products is dwindling at an alarming rate. At least some are alarmed by it, most notably those captains in the insurance industry who are certain that American’s don’t have enough life insurance and should have more. (Not Enough Life Insurance Agents?)

life insurance deloitte

Now comes corroborating news that “the prime reason many uninsured individuals don’t have insurance coverage is that no carrier has invited them to purchase their products.” That’s according to a new survey published by Deloitte, LLC, or the subsidiary of Deloitte that is big on insurance and that sort of thing, at any rate. “Even insured individuals who are open to buying additional coverage often say that they have not been solicited by carriers.”*

I would humbly suggest, at the outset of this discussion, that the real reason many uninsured individuals don’t have life insurance coverage is because they simply don’t want it or feel the need for it. As a consequence, they don’t feel even slightly compelled to buy it.

Deloitte study on consumer insurance

The title of the Deloitte study, “The Voice of the Life Insurance Consumer,” is a little troubling in that while consumers may have indeed lent their voices to Deloitte, the company and other captains in the industry may have either been a little tone deaf, or perhaps they only heard what they wanted to hear.

The survey was conducted to provide life insurers with insights into how people perceived the value of life insurance, including where coverage ranked among their other financial priorities, as well how consumers preferred to be reached.

“From our survey it is clear that life insurance is very much on the minds of many consumers,” said Rebecca C. Amoroso, Vice Chairman and U.S. Insurance Leader for Deloitte LLP. (Deloitte was of course the survey’s executive sponsor.)

While there is little data in their study which might actually suggest this, I support Ms. Amoroso’s natural inclination to protect the industry, and her six figured income (I’m only guessing). I would be inclined to replace the word ‘many’ with the word ‘some’.

Guest post by Nicholas for Structured Settlement of www.sellingyourstructuredsettlement.com