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世界の小売業者:主要な小売グループ120社による支払・銀行業務・保険・支援サービスの戦略

Global Retailers: Strategies of the World's Top 120 Retail Groups in Payments, Banking, Insurance and Assistance

発行 Finaccord Ltd. 商品コード 344911
出版日 ページ情報 英文 195 pages
納期: 即日から翌営業日
価格
本日の銀行送金レート: 1GBP=148.37円で換算しております。
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世界の小売業者:主要な小売グループ120社による支払・銀行業務・保険・支援サービスの戦略 Global Retailers: Strategies of the World's Top 120 Retail Groups in Payments, Banking, Insurance and Assistance
出版日: 2015年10月01日 ページ情報: 英文 195 pages
概要

当レポートでは、世界でも有数の小売グループ120社について取り上げ、特にイオン、Carrefour、Cencosud、Falabella、Grupo Elektra、Lotte、Migros、Otto、楽天、Ripley、セブン&アイ・ホールディングス、Tescoに焦点を当てて、支払・銀行業務・保険・支援サービスにおける関与について検証し、収益・成長率、主要な商品、金融サービスにおけるキャプティブ・合弁事業、金融サービス業務のキャプティブ・合弁事業の収益性などについて、体系的な情報を提供しています。

第1章 イントロダクション

第2章 グループ戦略の概要

  • イントロダクション

第3章 グループ戦略の分析

  • イントロダクション
  • ADEO
  • イオン
  • Ahold
  • Aldi
  • Alibaba
  • Amazon
  • AS Watson
  • Auchan
  • Bauhaus
  • ベイシア
  • Best Buy
  • BJ's Wholesale Club
  • Canadian Tire
  • Carrefour
  • Casino
  • Cencosud
  • China Resources Holdings
  • Conad
  • Coop (Schweiz)
  • Coop Italia
  • Costco
  • Couche-Tard
  • CVS Caremark
  • Dairy Farm International
  • Dansk Supermarked
  • Darty
  • Dashang Group
  • Decathlon
  • Delhaize Group
  • Dia
  • Dixons Carphone
  • Dollar General
  • E. Leclerc
  • EDEKA
  • Edion
  • El Corte Ingles
  • Eroski
  • Falabella
  • Future Group
  • Galeries Lafayette
  • GameStop
  • Gap
  • GOME
  • Grupo Elektra
  • Grupo Inditex
  • H-E-B
  • Home Depot
  • Home Retail Group
  • Hudson's Bay Company
  • ICA
  • IKEA
  • 三越伊勢丹
  • J Front Retailing
  • JC Penney
  • Jeronimo Martins
  • John Lewis Partnership
  • Katz Group
  • Kering
  • Kesko
  • Kingfisher
  • Kohl's Corporation
  • Kroger
  • K's Holding
  • L Brands
  • Les Mousquetaires
  • Loblaw Companies
  • Lojas Americanas
  • Lotte
  • Louis Delhaize
  • Lowe's
  • Macy's
  • Magnit
  • Marks & Spencer
  • Meijer
  • Mercadona
  • Metro (Canada)
  • Metro Group
  • Migros
  • Morrisons
  • Nordstrom
  • NorgesGruppen
  • Office Depot
  • Otto
  • Pick n Pay Holdings
  • Publix
  • 楽天
  • REWE
  • Ripley
  • Rite Aid
  • Rossmann
  • Safeway
  • Sainsbury's
  • Schwarz Gruppe
  • Sears
  • セブン&アイ・ホールディングス
  • S-Group
  • Shoprite Holdings
  • Sobeys
  • Sonae
  • Spar
  • Staples
  • Steinhoff International Holdings
  • Suning Commerce Group
  • SuperValu
  • Systeme U
  • 高島屋
  • Target Corporation
  • Tengelmann
  • Tesco
  • The SPAR Group
  • TJX
  • UNY Group Holdings
  • Walgreens Boots Alliance
  • Walmart
  • Wesfarmers
  • Whole Food Markets
  • Woolworths (Australia)
  • Wumart
  • X5 Retail Group
  • ヤマダ電機

第4章 付録

目次

‘Global Retailers: Strategies of the World's Top 120 Retail Groups in Payments, Banking, Insurance and Assistance’ is a report and accompanying PartnerBASE™ dataset that illustrates the involvement in financial services of 120 leading retailer groups. For these, the study documents in detail their involvement in the fields of payments, banking, insurance and assistance including (where the information is disclosed), the contribution that financial services have made to group profitability in recent years. Among the 120 groups analysed, only ten had no involvement in the areas in scope and for 55 (45.8%) financial services activity can be characterised as central to their wider business strategy by virtue of their ownership of one or more captive or joint venture companies active in one or more of these fields.

Prominent examples in this respect include AEON, Carrefour, Cencosud, Falabella, Grupo Elektra, Lotte, Migros, Otto, Rakuten, Ripley, Seven & i Holdings and Tesco, all of which are featured in this study.

In addition, both for these and the other 55 groups, whose financial services operations are more operational or limited in nature, product partnerships are logged for each of their retail brands in the following areas: credit / other pay later cards; consumer finance; other banking products (i.e. mortgages, personal loans, savings accounts); insurance and assistance (i.e. accident, dental, health, household, life, motor, pet and other insurance policies plus assistance services); and online payments (including relationships for online accounts). In total, this research covers over 500 individual retail brands belonging to the 120 groups across 45 countries with consideration of close to 1,000 distinct retail operations in total, including those of brands that are present across multiple countries.

This report and the PartnerBASE™ dataset that accompanies it can be used in one or more of the following ways:

  • gain access to a thorough analysis of the involvement in and partnerships for payment, banking, insurance and assistance products of 120 of the world's leading retail groups - how does your organisation seem to be positioned relative to its rivals?
  • understand which product providers have been successful in establishing partnerships with leading retail brands and groups for credit / other pay later cards, consumer finance, other banking products, insurance / assistance and online payments, and the degree to which these partnerships exist across multiple countries;
  • use the PartnerBASE™ dataset to drill down to the full details - see which payment, banking, insurance and assistance products are offered by which retail groups and brands in which countries and with which product providers they co-operate in this context;
  • appreciate the contribution made to total group profitability of profits from financial services for retail groups that have made involvement in financial services a strategic imperative.

Table of Contents

0.0 EXECUTIVE SUMMARY

  • A number of leading retail groups have made development of financial services a strategic priority...
  • ... and many are now benefiting from enhanced growth in revenues and profitability as a result

1.0 INTRODUCTION

  • What is this report about?
    • The provision of financial services constitutes a core activity for 55 of the 120 groups investigated...
  • Rationale
    • ... and appears likely to be making an increasing contribution to their overall profitability
  • Methodology
    • Survey of retailer groups and brands
  • Definitions
    • Payment, banking, insurance and assistance products and services
    • Operating models
  • PartnerBASE
  • Finaccord

2.0 GROUP STRATEGY OVERVIEW

  • Introduction
    • Total revenues and growth in total revenues
      • Walmart is by far the largest of the 120 retail groups analysed...
      • ...while Alibaba grew its total revenues most rapidly from 2012 to 2014
    • Overview of payment, banking, insurance and assistance services offered
      • Credit or other pay later cards are on offer from brands owned by over three quarters of groups surveyed...
      • ... and insurance or assistance products from more than 40% of them
    • Captives and joint ventures in financial services
      • Close to a half of the 120 groups have at least one captive or joint venture financial services subsidiary...
      • ... and these are most widespread in the field of credit and other pay later cards...
      • ... followed in descending order by banking, insurance / assistance and consumer finance
      • A handful of groups own both captives and joint ventures active in financial services
    • Profitability of captive (and joint venture) financial services operations
      • The analysis is based on results spanning 2012 to 2014 in order to smooth out one-off spikes and troughs
      • A number of groups record average annual profits of more than USD 100 million from financial services...
      • ... and only one (for an exceptional reason) made an average annual loss over the period reviewed
      • For two groups, losses from retailing operations have been offset by profits from financial services...
      • ... and the overall importance of financial services is clear from the weighted and unweighted averages

3.0 GROUP STRATEGY ANALYSIS

  • Introduction
    • Analysis of retail group strategies in financial services is based on research conducted across 45 countries
  • ADEO
    • Brands belonging to ADEO are active across all financial services categories researched
  • AEON
    • AEON has developed extensive proprietary financial services operations, especially in its home market
    • AEON Credit Service has built up a portfolio of almost 50 million credit cards in circulation
    • Profits from financial services operations make a substantial contribution to group-wide profitability
  • Ahold
    • Financial services do not yet constitute an area of significant activity for Ahold...
  • Aldi
    • ... and a similar observation can be made in relation to Aldi
  • Alibaba
    • Alibaba is building up substantial operations across payments, banking and insurance...
    • ... including the Alipay online account with around 350 million users in China...
    • ... plus MYBank, which like Alipay, is run through the Ant Financial affiliate
    • Taobao Insurance sells cover to both individual consumers and small businesses
  • Amazon
    • Amazon is active in financial services in different ways in a number of countries...
    • ... and has developed a captive online account service in the US, but not elsewhere
  • AS Watson
    • Personal loans and insurance are available through the group's Kruidvat brand in the Netherlands
  • Auchan
    • Captive or joint venture banking operations are present in a number of European countries...
    • ... which have a built up a portfolio of close to 8 million customers...
    • ... including some derived from partnerships with retail brands not belonging to the Auchan group
  • Bauhaus
    • The activity of Bauhaus in financial services is focused on consumer finance and online payments
  • Beisia
    • Beisia works with Cedyna and Visa for its co-branded payment card program
  • Best Buy
    • Best Buy has switched its payment card partners in both Canada and the US in recent times
  • BJ's Wholesale Club
    • Both eHealth and Liberty Mutual benefit from insurance partnerships with BJ's Wholesale Club
  • Canadian Tire
    • Scotiabank has become a significant minority shareholder in Canadian Tire's banking operation...
    • ... which has built up a portfolio of over 4 million MasterCard-branded credit cards
  • Carrefour
    • Carrefour has established a substantial international portfolio of financial services operations...
    • ... having built them up progressively over the course of more than 30 years
    • Carrefour Banque achieved modest growth in most of its key metrics in the most recent year
  • Casino
    • In its home market, Casino offers financial services through Banque Casino, co-owned by Crédit Mutuel
    • Credit card and insurance services have also been developed in several international markets
  • Cencosud
    • Cencosud has reconfigured a part of its financial services business through a deal with Scotiabank...
    • ... but still retains full ownership of other banking and insurance operations in Chile and elsewhere
  • China Resources Holdings
    • China Resources Bank acts as a captive provider for three retail brands belonging to its own parent...
    • ... although generates its substantial profits from a number of other activities
  • Conad
    • Conad has begun to develop a financial services business in Italy, its home (and only) market
  • Coop (Schweiz)
    • Banking and insurance activity is organised through Bank Coop, Credit Suisse and ERV
  • Coop Italia
    • Coop Italia's financial services offering remains limited
  • Costco
    • Costco markets insurance products in both Canada and the US
  • Couche-Tard
    • WEX Bank is employed by the group for its private-label fuel card
  • CVS Caremark
    • CVS Caremark is not yet involved in financial services to any significant degree
  • Dairy Farm International
    • Several of the group's brands have developed co-branded credit card or consumer finance offerings
  • Dansk Supermarked
    • Brands belonging to Dansk Supermarked work closely with Ekspres Bank in Denmark
  • Darty
    • Darty utilises three financial services providers, including one that it co-owns with Crédit Agricole
  • Dashang Group
    • The Dashang and Newmart brands utilise Shanghai Pudong Development Bank for co-branded cards
  • Decathlon
    • Payment cards and / or consumer finance are available from Decathlon in a significant number of markets
  • Delhaize Group
    • The activity of Delhaize Group brands in financial services remains limited
  • Dia
    • The group's captive card-issuing subsidiary is active only in Spain, its home market
  • Dixons Carphone
    • The group's main involvement in financial services is through consumer finance and online payments
  • Dollar General
    • Dollar General has yet to diversify into retailer financial services
  • E. Leclerc
    • The group maintains a majority stake in Banque Edel which has been active for almost 25 years
  • EDEKA
    • EDEKA maintains both captive banking and insurance brokerage subsidiaries
  • Edion
    • Edion has yet to develop payment, banking, insurance or assistance products of any type
  • El Corte Inglés
    • Santander has a acquired a majority stake in the retail group's consumer finance arm...
    • ... although its insurance operations remain wholly-owned
  • Eroski
    • Eroski's main partners for financial services are Aon Gil y Carvajal and Santander Consumer Finance
  • Falabella
    • The group's financial services operations continue to grow at an impressive rate...
    • ... and its banking operation in Chile claims to be the most efficient in the country
  • Future Group
    • Co-branded Visa cards have been developed in partnership with State Bank of India
    • The group's joint venture insurance firm operates independently from its retail stores
  • Galeries Lafayette
    • Following divestment of its former joint venture, the group's involvement in financial services is now limited
  • GameStop
    • Comenity Capital Bank is the issuer of GameStop's store card in the US
  • Gap
    • Gap works with Synchrony Financial for its store and co-branded credit card programs in the US
  • GOME
    • GOME has yet to develop any retailer financial services apart from online payments
  • Grupo Elektra
    • Banco Azteca has expanded its distribution reach to almost 4,000 outlets since launch
    • Profit before tax rose in 2014 in spite of a reduction in the value of consumer loans outstanding
    • The group's life insurance captive generates much higher profits than its non-life insurance subsidiary
  • Grupo Inditex
    • Zara-branded payment cards are available in each of Mexico, Portugal and Spain
  • H-E-B
    • H-E-B's financial services proposition is concentrated in Mexico
  • Home Depot
    • Subsidiaries of Citigroup work with Home Depot for payment cards in each of Canada, Mexico and the US
  • Home Retail Group
    • The Argos and Homebase brands offer a range of payment card, consumer finance and insurance products
  • Hudson's Bay Company
    • A broad range of financial services is available through Hudson's Bay Financial Services
  • ICA
    • ICA Banken provides a wide array of financial services to customers in Sweden...
    • ...and a new insurance captive was due to be launched in the final quarter of 2015
  • IKEA
    • Much payment card and consumer finance activity is organised through IKANO Bank...
    • ... which also works with brands belonging to other retailer groups in certain countries
  • Isetan Mitsukoshi
    • The Japan-based group is most active in payment cards and insurance in its home market...
    • ... and is aiming to increase financial services profits to around JPY 10 billion by 2018
  • J Front Retailing
    • JFR Card, a captive card issuer, is utilised for co-branded payment cards by two of the group's brands...
    • ... and generates more than 8% of the group's operating income albeit less than 1% of total net sales
  • JC Penney
    • Synchrony Financial is the provider of JC Penney's private-label store card
  • Jerónimo Martins
    • Jerónimo Martins has yet to branch out into payment, banking, insurance or assistance markets
  • John Lewis Partnership
    • A number of different types of insurance are on offer from three separate providers
  • Katz Group
    • Health and beauty chain Rexall has not yet introduced financial services of any kind
  • Kering
    • Kering's La Redoute brand in Sweden has developed the broadest financial services proposition
  • Kesko
    • OP-Pohjola is the main partner of Kesko for both payment cards and consumer finance
  • Kingfisher
    • Payment cards or consumer finance are available in four countries in which Kingfisher brands operate
  • Kohl's Corporation
    • Kohl's utilises Capital One for a private-label store card program with more than 20 million accounts
  • Kroger
    • U.S. Bank has been working as Kroger's payment card partner for more than five years
  • K's Holding
    • K's Holding has yet to develop advanced payment, banking, insurance or assistance services
  • L Brands
    • Comenity Bank is the issuer of private-label store cards distributed by US retail formats owned by L Brands
  • Les Mousquetaires
    • The group operates a captive bank in France but works with external partners in overseas markets
  • Loblaw Companies
    • The group's financial services offering extends across virtually all products researched...
    • ... and its operating income from financial services has increased rapidly in recent years
  • Lojas Americanas
    • The department store chain collaborates with subsidiaries of Allianz, BNP Paribas and MAPFRE
  • Lotte
    • The group complements utilisation of a captive card issuer with additional use of external partners
    • In recent years, Lotte Card has made an increasing contribution to the group's operating profit
  • Louis Delhaize
    • The Romanian branch of Cora has developed the broadest array of financial services
  • Lowe's
    • American Express, Credomatic and Synchrony Financial are each used for payment card issuance
  • Macy's
    • The group collaborates with both American Express and a unit of Citigroup for payment cards
  • Magnit
    • The Russia-based supermarket chain has yet to introduce financial services of any type
  • Marks & Spencer
    • Through its relationship with HSBC, Marks & Spencer has built an advanced financial services offering...
    • ... and has built up a banking and insurance customer base of around 3.7 million individuals
  • Meijer
    • Meijer works with Comenity Bank for its co-branded credit and store card programs
  • Mercadona
    • BBVA subsidiary Unoe is the provider of Mercadona's private-label store card
  • Metro (Canada)
    • Financial services have yet to be introduced by the Canada-based supermarket brand
  • Metro Group
    • Retail brands belonging to Metro Group operate multiple payment card and consumer finance schemes...
    • ... albeit insurance products have only been introduced in three countries
    • Seven country-specific online account providers are utilised in addition to PayPal
  • Migros
    • The revenues and operating profit of Migros Bank have reached a new high point
  • Morrisons
    • The UK-based supermarket chain has yet to develop payment card, banking or insurance products
  • Nordstrom
    • TD Bank has announced the acquisition of Nordstrom Bank's credit card portfolio
  • NorgesGruppen
    • Private-label store cards for business customers are on offer from a captive subsidiary
  • Office Depot
    • Office Depot has introduced a payment card in the US but not in any other country
  • Otto
    • Much though not all of Otto's financial services activity is organised through Cofidis...
    • ... which has a loan portfolio incorporating more than EUR 10 billion in assets
    • Hanseatic Bank and Hanseatic Versicherungsdienst serve Otto's customers in Germany
    • Payment subsidiaries NuBON, RatePay and Yapital have all been launched in recent years
  • Pick n Pay Holdings
    • Nedbank benefits from being able to establish kiosks within stores belonging to the retail group
  • Publix
    • Financial services have yet to be introduced by the US-based supermarket chain
  • Rakuten
    • Rakuten has built up a very substantial financial services business in the ten years leading up to 2015...
    • ... with rapid growth reported by each of its subsidiaries
    • Rakuten Edy is utilised as an online payment means by many retail brands selling online in Japan...
    • ... although various external online account providers are employed in overseas markets
    • Financial services generate a very substantial proportion of the group's revenues and pre-tax profits
  • REWE
    • Several retail brands belonging to REWE are active in consumer finance and / or online payments
  • Ripley
    • Banco Ripley's balance sheet and profits have expanded at a significant rate in recent years...
    • ... with Chilean private-label cardholders being migrated to MasterCard-branded cards
  • Rite Aid
    • The US-based health and beauty chain has not yet developed a financial services offering...
  • Rossmann
    • ... with a similar observation applying to Germany-based Rossmann...
  • Safeway
    • ... and to supermarket group Safeway
  • Sainsbury's
    • Sainsbury's Bank utilises a number of different providers for insurance products...
    • ... and achieved fairly strong growth in underlying profitability in its most recent reporting period
  • Schwarz Gruppe
    • The owner of the Lidl and Kaufland discount supermarkets is active in a few fields of financial services
  • Sears
    • Sears is active in a range of financial services in one or both of Canada and the US
  • Seven & i Holdings
    • Seven & i Holdings has significant involvement in most areas of financial services covered...
    • ... through Seven Bank, Seven Card and Seven Financial Services...
    • ... which together account for an increasing proportion of the group's operating profit
    • The vast majority of Seven Bank's income derives from the running of ATMs...
    • ... with both revenues and profits increasing steadily in the most recent financial year
  • S-Group
    • S-Bank has been reconfigured as a joint venture co-owned by LähiTapiola
  • Shoprite Holdings
    • Retail brands belonging to Shoprite Holdings are active in financial services in a number of different ways
  • Sobeys
    • BMO is the issuer of a co-branded MasterCard product offered by Sobeys
  • Sonae
    • AIG and Via Directa are the underwriters used by MDS Affinity for insurance sold through Continente
  • Spar
    • The group's retail formats and structure are not especially conducive to financial services development
  • Staples
    • Private-label store cards are available in both the UK and the US
  • Steinhoff International Holdings
    • In South Africa, the retail group and BNP Paribas Personal Finance have created a joint venture
    • Insurance products are available in two countries in which retail brands belonging to the group are active
  • Suning Commerce Group
    • Brands belonging to the group are active across almost all financial services fields investigated
  • SuperValu
    • SuperValu has yet to develop significant activity in financial services
  • Systéme U
    • LaSer Cofinoga is the issuer behind a Visa-branded card program
  • Takashimaya
    • The group's co-branded cards are available carrying five different payment marques
  • Target Corporation
    • TD Bank will continue to run the retail group's payment card program until at least 2020
  • Tengelmann
    • Subsidiaries of BNP Paribas hold the most consumer finance relationships with the group's retail brands
  • Tesco
    • Tesco's financial services operations are the most geographically diverse of any major retail group
    • Its captive bank has enjoyed steady growth in customers and profits in recent years...
    • ... although its underwriting joint venture with Ageas has struggled for both growth and profitability
  • The SPAR Group
    • The group's Build It chain has organised consumer finance through three lending institutions
  • TJX
    • Synchrony Financial issues the group's co-branded and private-label store cards in the US
  • UNY Group Holdings
    • UCS Card has expanded substantially its number of cardholders in recent years
  • Walgreens Boots Alliance
    • In the UK, Boots works with three external providers for insurance products
  • Walmart
    • Walmart has developed a financial services proposition in many countries in which its brands are present...
    • ... with captive card issuers, banks or insurance brokers present in two of them...
    • ...although the Mexico-based captive bank was sold to Grupo Financiero Inbursa in 2015
  • Wesfarmers
    • Wesfarmers has taken full control of its card-issuing entity...
    • ...and IAG is set to underwrite household and motor insurance sold by Coles through to 2023
  • Whole Food Markets
    • While active in three countries, Whole Food Markets has yet to develop a financial services proposition
  • Woolworths (Australia)
    • The group works with several external partners for payment cards and insurance products
  • Wumart
    • The China-based supermarket chain has yet to branch out into financial services of any kind...
  • X5 Retail Group
    • ... and X5 Retail Group has adopted a similar position thus far
  • Yamada Denki
    • Credit Saison is the issuer used for the group's co-branded credit card program

4.0 APPENDIX

LIST OF GRAPHICS / TABLES

0.0 EXECUTIVE SUMMARY

1.0 INTRODUCTION

2.0 GROUP STRATEGY OVERVIEW

  • Ranking of 120 retail groups investigated by total revenues, 2014 (or other last reporting date)
  • Ranking of 120 retail groups investigated by total revenues, 2014 (or other last reporting date) (continued)
  • Ranking of 120 retail groups investigated by total revenues, 2014 (or other last reporting date) (continued)
  • Ranking of 120 retail groups investigated by growth in total revenues, 2012 to 2014
  • Ranking of 120 retail groups investigated by growth in total revenues, 2012 to 2014 (continued)
  • Ranking of 120 retail groups investigated by growth in total revenues, 2012 to 2014 (continued)
  • Involvement of 120 retail groups investigated in payment, banking, insurance and assistance services, 2015
  • Segmentation of 120 retail groups investigated by operating model used for payment, banking, insurance and assistance services, 2015
  • Frequency of usage among 120 retail groups investigated of captive and / or joint venture operating models for payment, banking, insurance and assistance services, 2015
  • Average annual profit generated from financial services of 26 retail groups investigated, 2012 to 2014
  • Average annual profit generated from financial services of 26 retail groups investigated, 2012 to 2014 (table)
  • Average annual profit generated from financial services as a percentage of average annual total profit of 26 retail groups investigated, 2012 to 2014
  • Average annual profit generated from financial services as a percentage of average annual total profit of 26 retail groups investigated, 2012 to 2014 (table)

3.0 GROUP STRATEGY ANALYSIS

  • ADEO: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • AEON: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Ahold: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Aldi: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Alibaba: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Amazon: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • AS Watson: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Auchan: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Bauhaus: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Beisia: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Best Buy: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • BJ's Wholesale Club: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Canadian Tire: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Carrefour: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Casino: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Cencosud: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • China Resources Holdings: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Conad: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Coop (Schweiz): key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Coop Italia: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Costco: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Couche-Tard: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • CVS Caremark: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Dairy Farm International: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Dansk Supermarked: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Darty: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Dashang Group: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Decathlon: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Delhaize Group: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Dia: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Dixons Carphone: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Dollar General: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • E. Leclerc: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • EDEKA: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Edion: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • El Corte Inglés: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Eroski: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Falabella: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Future Group: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Galeries Lafayette: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • GameStop: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Gap: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • GOME: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Grupo Elektra: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Grupo Inditex: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • H-E-B: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Home Depot: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Home Retail Group: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Hudson's Bay Company: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • ICA: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • IKEA: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Isetan Mitsukoshi: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • J Front Retailing: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • JC Penney: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Jerónimo Martins: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • John Lewis Partnership: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Katz Group: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Kering: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Kesko: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Kingfisher: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Kohl's Corporation: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Kroger: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • K's Holding: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • L Brands: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Les Mousquetaires: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Loblaw Companies: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Lojas Americanas: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Lotte: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Louis Delhaize: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Lowe's: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Macy's: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Magnit: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Marks & Spencer: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Meijer: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Mercadona: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Metro (Canada): key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Metro Group: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Migros: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Morrisons: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Nordstrom: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • NorgesGruppen: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Office Depot: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Otto: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Pick n Pay Holdings: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Publix: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Rakuten: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • REWE: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Ripley: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Rite Aid: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Rossmann: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Safeway: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Sainsbury's: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Schwarz Gruppe: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Sears: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Seven & i Holdings: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • S-Group: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Shoprite Holdings: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Sobeys: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Sonae: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Spar: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Staples: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Steinhoff International Holdings: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Suning Commerce Group: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • SuperValu: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Systéme U: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Takashimaya: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Target Corporation: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Tengelmann: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Tesco: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • The SPAR Group: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • TJX: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • UNY Group Holdings: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Walgreens Boots Alliance: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Walmart: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Wesfarmers: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Whole Foods Market: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Woolworths (Australia) : key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Wumart: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • X5 Retail Group: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015
  • Yamada Denki: key facts, retail sectors and summary of activity in payments, banking, insurance and assistance, 2015

4.0 APPENDIX

  • Listing of retailer captives and joint ventures for credit / other pay later cards worldwide (owned by groups other than the 120 analysed in report)
  • Listing of retailer captives and joint ventures for consumer finance and banking worldwide (owned by groups other than the 120 analysed in report)
  • Listing of retailer captives and joint ventures for insurance and assistance worldwide (owned by groups other than the 120 analysed in report)
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