Elsewhere, among the top ten retailers by market cap, only Alibaba, JD.com, and Inditex recorded positive gains between the first two quarters of the year at 2.7%, 8.7%, and 9.2%, respectively. Data on global retailers by market capitalisation was provided by GlobalData Intelligence Center. It is worth mentioning that the U.S.-based retail giant has maintained the elusive $1 trillion capitalisation despite the stock market undergoing massive correction during the first two quarters of 2022, operating in a high inflationary environment. Additionally, as consumers changed their buying behavior in 2020, the retail giant built on its existing prowess to meet the needs of the growing demand. Therefore, the ability to sustain the demand and grow its business appears appealing to most investors.
