Global Retail Healthy potentially undervalued

Abercrombie & Fitch

Market Cap: US$3.4b

Through its subsidiaries, operates as an omnichannel retailer in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific.

LKQ

Market Cap: US$6.5b

Engages in the distribution of replacement parts, components, and systems used in the repair and maintenance of vehicles and specialty vehicle aftermarket products and accessories.

C&A Modas

Market Cap: R$3.3b

Operates as a fashion retailer for women, men, and children in Brazil and internationally.

Universal Store Holdings

Market Cap: AU$487.2m

Engages in the retail operations in the fashion market in Australia.

United Electronics

Market Cap: ر.س5.7b

Engages in the wholesale and retail trade of electric appliances, electronic gadgets, computers and their spare parts and accessories, furniture, and office equipment and tools in the Kingdom of Saudi Arabia and internationally.

Currys

Market Cap: UK£1.5b

Operates as a omnichannel retailer of technology products and services in the United Kingdom, Ireland, Norway, Sweden, Finland, Denmark, Iceland, Greenland, and the Faroe Islands.

Dunelm Group

Market Cap: UK£1.5b

Engages in the retail of homewares in the United Kingdom.

Grupo SBF

Market Cap: R$2.3b

Engages in the sale of sporting goods and leisure products in Brazil.

Build-A-Bear Workshop

Market Cap: US$443.6m

Operates as a mall-based, experiential specialty retailer for children in the United States, Canada, the United Kingdom, Ireland, North America, and Europe.

Vipshop Holdings

Market Cap: US$7.0b

Operates online platforms in the People's Republic of China.

Luk Fook Holdings (International)

Market Cap: HK$12.2b

An investment holding company, engages in sourcing, designing, wholesaling, trademark licensing, and retailing various gold and platinum jewelry, and gem-set jewelry products in Hong Kong and internationally.

MINISO Group Holding

Market Cap: US$4.1b

An investment holding company, engages in the retail and wholesale of design-led lifestyle and pop toy products in Mainland China, the rest of Asia, North and Latin America, Europe, and internationally.

Platform Group SE KGaA

Market Cap: €55.8m

A software company, operates online platforms for B2B and B2C customers.

Genuine Parts

Market Cap: US$13.7b

Distributes automotive and industrial replacement parts.

Super Retail Group

Market Cap: AU$2.5b

Engages in the retail of auto, sports, and outdoor leisure products in Australia and New Zealand.

Alibaba Group Holding

Market Cap: US$298.7b

Through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses in the People's Republic of China and internationally.

HORNBACH Holding KGaA

Market Cap: €1.2b

Through its subsidiaries, develops and operates do-it-yourself (DIY) megastores with garden centers in Germany and other European countries.

Brilliant Earth Group

Market Cap: US$125.5m

Designs, procures, and sells diamonds, gemstones, and jewelry in the United States and internationally.

Synsam

Market Cap: SEK 7.7b

Operates in the optical retail and eye health sector in the Nordic Region.

Urban Outfitters

Market Cap: US$6.2b

Offers lifestyle products and services in the United States and internationally.

Gap

Market Cap: US$7.7b

Operates as an apparel retail company in the United States, Canada, Japan, Taiwan, and internationally.

Maisons du Monde

Market Cap: €17.7m

Through its subsidiaries, provides home and living room related products in France and internationally.

THG

Market Cap: UK£541.3m

Operates as an online retailer in the United Kingdom, the United States, Europe, and internationally.

Grupo Casas Bahia

Market Cap: R$823.9m

Operates as an omnichannel retailer in Brazil.

KMD Brands

Market Cap: NZ$138.6m

Designs, markets, wholesales, and retails apparel, footwear, and equipment for surfing and the outdoors under the Kathmandu, Rip Curl, and Oboz brand names.

SILICON2

Market Cap: ₩2.3t

Engages in the distribution of cosmetics products worldwide.

Empresas Copec

Market Cap: CL$8.0t

Operates in the natural resources and energy sectors in Chile and internationally.

J.Jill

Market Cap: US$198.7m

Operates as an omnichannel retailer for women’s apparel in the United States.

Ultimate Products

Market Cap: UK£37.9m

Supplies branded household products in the United Kingdom, Rest of Europe, and internationally.

Baozun

Market Cap: US$155.8m

Through its subsidiaries, engages in the provision of end-to-end e-commerce solutions in the People's Republic of China.

JD.com

Market Cap: US$40.7b

Operates as a supply chain-based technology and service provider in the People’s Republic of China and Europe.

Lojas Renner

Market Cap: R$14.3b

Operates as a fashion and lifestyle company in Brazil, Argentina, and Uruguay.

Ultrapar Participações

Market Cap: R$26.6b

Through its subsidiaries, operates in the energy, mobility, and logistics infrastructure sectors in Brazil, the rest of Europe, the United States, Canada, other Latin American countries, Oceania, and internationally.

Europris

Market Cap: NOK 14.9b

Operates as a discount variety retailer in Norway.

Fnac Darty

Market Cap: €1.0b

Engages in the retail of entertainment and leisure products, consumer electronics, and domestic appliances in France, Switzerland, Belgium, Luxembourg, and the Iberian Peninsula.

Accent Group

Market Cap: AU$333.7m

Engages in the retail, distribution, and franchise of lifestyle footwear, apparel, and accessories in Australia and New Zealand.