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==Consolidation== Among retailers and retails chains a lot of consolidation has appeared over the last couple of decades. Between 1988 and 2010, worldwide 40,788 [[mergers and acquisitions]] with a total known value of US$2.255 trillion have been announced.<ref>{{Cite web |title=Statistics on Mergers & Acquisitions (M&A) β M&A Courses {{!}} Company Valuation Courses {{!}} Mergers & Acquisitions Courses |url=http://www.imaa-institute.org/statistics-mergers-acquisitions.html#M&A_Ind_Retail |url-status=dead |archive-url=https://web.archive.org/web/20120106045040/http://www.imaa-institute.org/statistics-mergers-acquisitions.html#M&A_Ind_Retail |archive-date=2012-01-06 |access-date=2012-11-02 |website=[[Institute for Mergers, Acquisitions and Alliances]]}}</ref> The largest transactions with involvement of retailers in/from the United States have been: the acquisition of [[Albertsons (SuperValu)|Albertson's Inc.]] for US$17 billion in 2006,<ref>{{cite news|date=January 2006|title=SuperValu-CVS group buys Albertson's for $17B|newspaper=Phoenix Business Journal|url=http://www.bizjournals.com/phoenix/stories/2006/01/23/daily2.html|access-date=9 July 2014|archive-date=12 July 2014|archive-url=https://web.archive.org/web/20140712132025/http://www.bizjournals.com/phoenix/stories/2006/01/23/daily2.html|url-status=live}}</ref> the merger between Federated Department Stores Inc with [[The May Department Stores Company|May Department Stores]] valued at 16.5 bil. USD in 2005<ref>{{cite web|date=28 February 2005|title=Federated and May Announce Merger; $17 billion transaction to create value for customers, shareholders|url=http://phx.corporate-ir.net/phoenix.zhtml?c=84477&p=irol-newsArticle&ID=679294&highlight=|access-date=2 November 2012|publisher=Phx.corporate-ir.net|archive-date=25 June 2017|archive-url=https://web.archive.org/web/20170625175157/http://phx.corporate-ir.net/phoenix.zhtml?c=84477&p=irol-newsArticle&ID=679294&highlight=|url-status=live}}</ref> β now [[Macy's, Inc.|Macy's]], and the merger between [[Kmart (United States)|Kmart Holding Corp]] and [[Sears|Sears Roebuck & Co]] with a value of US$10.9 billion in 2004.<ref>{{cite web|date=29 September 2004|title=Kmart Finalizes Transaction With Sears|url=http://searsholdings.com/press-releases/pr/1249|access-date=2 November 2012|publisher=Searsholdings.com|archive-date=10 June 2016|archive-url=https://web.archive.org/web/20160610190132/http://searsholdings.com/press-releases/pr/1249|url-status=live}}</ref> Between 1985 and 2018 there have been 46,755 mergers or acquisitions conducted globally in the retail sector (either acquirer or target from the retail industry). These deals cumulate to an overall known value of around US$2,561 billion. The three major Retail M&A waves took place in 2000, 2007 and lately in 2017. However the all-time high in terms of number of deals was in 2016 with more than 2,700 deals. In terms of added value 2007 set the record with the US$225 billion.<ref>{{Cite news |title=M&A by Industries |url=https://imaa-institute.org/m-and-a-by-industries/ |url-status=dead |archive-url=https://web.archive.org/web/20201103171956/https://imaa-institute.org/m-and-a-by-industries/ |archive-date=2020-11-03 |access-date=2018-02-28 |work=[[Institute for Mergers, Acquisitions and Alliances]] |language=en}}</ref> Here is a list of the top ten largest deals (ranked by volume) in the Retail Industry:{{citation needed|date=February 2018}} {| class="wikitable mw-collapsible mw-collapsed" |'''Date Announced''' |'''Acquiror Name''' |'''Acquiror Mid Industry''' |'''Acquiror Nation''' |'''Target Name''' |'''Target Mid Industry''' |'''Target Nation''' |'''Value of Transaction ($mil)''' |- |11 January 2006 |CVS Corp |Other Retailing |United States |Caremark Rx Inc |Healthcare Providers & Services (HMOs) |United States |26,293.58 |- |3 September 2007 |AB Acquisitions Ltd |Other Financials |United Kingdom |Alliance Boots PLC |Other Retailing |United Kingdom |19,604.19 |- |18 December 2000 |Shareholders |Other Financials |United Kingdom |Granada Compass-Hospitality |Food & Beverage Retailing |United Kingdom |17,914.68 |- |20 January 2006 |AB Acquisition LLC |Other Financials |United States |Albertsons Inc |Food & Beverage Retailing |United States |17,543.85 |- |26 February 2013 |Home Depot Inc |Home Improvement Retailing |United States |Home Depot Inc |Home Improvement Retailing |United States |17,000.00 |- |28 February 2005 |Federated Department Stores |Discount and Department Store Retailing |United States |May Department Stores Co |Non Residential |United States |16,465.87 |- |30 August 1999 |Carrefour SA |Food & Beverage Retailing |France |Promodes |Food & Beverage Retailing |France |15,837.48 |- |19 June 2012 |Walgreen Co |Other Retailing |United States |Alliance Boots GmbH |Other Retailing |Switzerland |15,292.48 |- |7 February 2007 |Wesfarmers Ltd |Food & Beverage Retailing |Australia |Coles Group Ltd |Food & Beverage Retailing |Australia |15,287.79 |- |6 March 2011 |Wal-Mart Stores Inc |Discount and Department Store Retailing |United States |Wal-Mart Stores Inc |Discount and Department Store Retailing |United States |14,288.00 |}
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