How the retailer rankings have changed.
According to the BrandZ Top 25 Most Valuable Global Retail Brands 2016/17, Walmart with annual sales of $434 billion has been overtaken by Alibaba with sales of $455 billion.
No other retailers had revenue above $120 billion, though four more achieved over $100 billion – Carrefour, Costco, Amazon and Kroger.
Amazon, with sales of $104 billion, is now reckoned to be the most valuable retail brand.
The top ten include seven based in the United States and three online.
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