Mercadona remains among the top 50 world retailers

According to the classification by Kantar Retail, it’s the only Spanish company among the 50 top retailers of the world.

The ranking is led by Walmart, while Amazon rises to second place.

The Valencia-based company has lost seven places with respect last year ranking, ranking now 49th. “Mercadona’s drop isn’t the result of a decrease in its performance, it’s due to the entrance of new international retailers”.

The reports points out that the company closed 2016 with a turnover of €21.6 billion, and it’s expected that its sales will increase by 5% in the period 2017-2022.

It remains as the solid leader of the Spanish distribution sector, after reaching a market share of 24.1% in 2016.