Being admired by your peers is something many industries strive for and is often a good indicator of overall success. In the retail industry, those you work with, as well as those you compete with, know your business better than anyone else. Thus being admired and respected in the retail community is quite the notable achievement.
For more than two decades, Fortune has been publishing its annual “World’s Most Admired Companies,” report, determined based on ratings calculated from almost 3,800 executives, directors and analysts. To determine the best-regarded companies in 52 industries, survey respondents are asked to rate companies in their own industry on nine criteria, from investment value and quality of management and products to social responsibility and ability to attract talent.
To compile this year’s list, Fortune once again partnered with Korn Ferry, a global management consulting firm, which has conducted the research for the report since 1997.They began with a universe of about 1,500 candidates: the 1,000 largest U.S. companies by revenue, along with non-U.S. companies in Fortune’s Global 500 database that have revenues of $10 billion or more. A company’s score must rank in the top half of its industry survey to be listed.
The full results over all industries are available here. Below we take a look at the 10 highest ranked retailers in the report.