dw_376UK: Despite reports of falling sales this year, Tesco was the second largest retailer in the world in terms of revenue last year, according to a new report from Deloitte.

Despite tough economic conditions, revenues for the world’s 250 largest retailers reached $4.3 trillion in the fiscal year to June 2013.

While US retailer Wal-Mart increased its considerable lead with revenues of $469,162m, Tesco slipped into second place at the expense of French group Carrefour, formerly the world’s second largest retailer, which experienced back to back years of declining sales.

According to the 2014 Global Powers of Retailing report from Deloitte Touche Tohmatsu, the average size of the top 250 retailers exceeded $17bn.

After Carrefour, the next largest supermarket in terms of revenue was Aldi in ninth position with sales of $73,035m. UK supermarket Sainsbury was at no28 with revenues of $36,840m.

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