The Global retail Market Development Drivers Top 25 Retailers Decline in cross-border investment barriers Saturation and slow growth in 40 local markets Carrefour began the expansion followed by Tesco and Wal-Mart 16 Retailers believed they would 2000 2009 benefit from economies of scale Market share from global buying power These retailers held strong domestic market positions McGraw-HillIrwoin @2003 The McGraw-Hill Companies, Inc, All Rights Reserved.McGraw-Hill/Irwin © 2003 The McGraw-Hill Companies, Inc., All Rights Reserved. 1-1 The Global Retail Market Development Drivers Decline in cross-border investment barriers. Saturation and slow growth in local markets. Carrefour began the expansion followed by Tesco and Wal-Mart. Retailers believed they would benefit from economies of scale from global buying power. These retailers held strong domestic market positions. Top 25 Retailers Market Share % 2000 2009 16 40