Global Retail Healthy potentially undervalued

Abercrombie & Fitch

Market Cap: US$4.5b

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

C&A Modas

Market Cap: R$3.6b

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

LKQ

Market Cap: US$8.4b

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.

Maisons du Monde

Market Cap: €61.6m

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

Dunelm Group

Market Cap: UK£1.9b

Engages in the retail of homewares in the United Kingdom.

Premier Investments

Market Cap: AU$2.1b

Operates various specialty retail fashion chains in Australia, New Zealand, Asia, and Europe.

PDD Holdings

Market Cap: US$143.5b

A multinational commerce group that owns and operates a portfolio of businesses.

Eternal Beauty Holdings

Market Cap: HK$2.8b

An investment holding company, engages in the retail, wholesale, and distribution of perfumes, skincare products, color cosmetics, personal care products, eyewear, and home fragrances in China, including Hong Kong and Macau.

MINISO Group Holding

Market Cap: US$5.6b

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.

Genesco

Market Cap: US$312.2m

Operates as a retailer and wholesaler of footwear, apparel, and accessories.

Platform Group

Market Cap: €87.6m

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

Adairs

Market Cap: AU$319.2m

Operates as a specialty retailer of home furnishings, furniture, and decoration products in Australia and New Zealand.

Hla Group

Market Cap: CN¥28.9b

Manufactures and sells menswear, womenswear, kids, professional, and home furnishing products in China and internationally.

PT. Mitra Adiperkasa

Market Cap: Rp20.0t

Engages in the retail trade of clothing, accessories, bags, and sports equipment in Indonesia, Vietnam, the Philippines, Thailand, and internationally.

Pou Sheng International (Holdings)

Market Cap: HK$2.4b

An investment holding company, engages in distributing and retailing sportswear and footwear in the People’s Republic of China and internationally.

Urban Outfitters

Market Cap: US$6.4b

Offers lifestyle products and services.

Grupo Casas Bahia

Market Cap: R$3.0b

Grupo Casas Bahia S.A., together with its subsidiaries, retails electronics, home appliances, and furniture in Brazil.

Zhongsheng Group Holdings

Market Cap: HK$27.5b

An investment holding company, engages in the sale and service of motor vehicles in the People's Republic of China.

KMD Brands

Market Cap: NZ$188.6m

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

Inter Cars

Market Cap: zł8.9b

Engages in the import and distribution of spare parts for passenger cars and commercial vehicles in Poland, Romania, and internationally.

Bilia

Market Cap: SEK 11.7b

Operates as a full-service supplier for car ownership in Sweden, Norway, Luxemburg, and Belgium.

SILICON2

Market Cap: ₩3.2t

Engages in the distribution of cosmetics products worldwide.

THG

Market Cap: UK£610.2m

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

Empresas Copec

Market Cap: CL$9.7t

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

J.Jill

Market Cap: US$236.0m

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

JD.com

Market Cap: US$40.4b

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

Baozun

Market Cap: US$155.7m

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

Grupo SBF

Market Cap: R$3.1b

Grupo SBF S.A. retails and wholesales sports and leisure products in Brazil.

Accent Group

Market Cap: AU$556.1m

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

Hotel ShillaLtd

Market Cap: ₩1.7t

Operates as a hospitality company in South Korea and internationally.

United Electronics

Market Cap: ر.س6.7b

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.

Ultimate Products

Market Cap: UK£45.0m

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

Padini Holdings Berhad

Market Cap: RM 1.9b

An investment holding company, engages in the retail of garments and ancillary products.

Vipshop Holdings

Market Cap: US$8.4b

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

GigaCloud Technology

Market Cap: US$1.5b

Provides end-to-end B2B ecommerce solutions for large parcel merchandise in the United States and internationally.

Harvey Norman Holdings

Market Cap: AU$8.2b

Engages in the integrated retail, franchise, property, and digital system businesses.