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April 26, 2007

Retail wonders of the world: Surely you've shopped a few

Ever stood in line at a major retailer and contemplated all the sales in even one business day? If so, consider this: Receipts at the world's 250 largest chain stores were $5.7 million a minute, or – if you prefer – $95,000 per second, during the latest period for which data are available. That's what global accounting giant Deloitte Touche Tohmatsu, in conjunction with STORES magazine, found in compiling a list of megaretailers. The biggest of the big, based on revenue, was Wal-Mart Stores of Bentonville, Ark., which has about 6,400 outlets worldwide and reported more than $300 billion in sales revenues for the fiscal year ending Jan. 31, 2006. The world's largest retailers with the home country of each:

1. Wal-Mart Stores US

2. Carrefour SA France

3. The Home Depot US

4. Metro AG Germany

5. Tesco PLC Britain

6. Kroger Co. US

7. Target Corp. US

8. Costco Wholesale Corp. US

9. Sears Holdings Corp. US

10. Lidl & Schwarz Stiftung & Co. Germany