—Globalization of economic processes requires the study of the patterns of trade development in the world’s business space. The purpose of this research is to study the trends in the development of retail trade chains, giving evidence of globalization processes in retail. The object of research are international retail trade chains, included in TOP-250, according to Deloitte. It identifies the trends, issues and prospects of development of the largest retail chains and estimates the level of global activity of retail chains based on the scale of their operations in international markets: the number of countries present, revenue from international operations, the development of private labels. A more detailed research is carried out on the example of the Russian market of retail trade chains.
—Globalization, retail chains, retail market, retail revenue.
The authors are with Lobachevsky State University of Nizhni Novgorod, Russia (e-mail: email@example.com).
Cite: O. Chkalova and M. Efremova, "Retail Development under the Conditions of Globalization," International Journal of Trade, Economics and Finance vol.6, no.4, pp. 205-209, 2015.