U.S. 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.

PDD Holdings

Market Cap: US$144.1b

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

Genesco

Market Cap: US$295.6m

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

LKQ

Market Cap: US$8.8b

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.

Baozun

Market Cap: US$148.2m

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$38.8b

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

J.Jill

Market Cap: US$248.8m

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

eBay

Market Cap: US$39.1b

Operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally.

Vipshop Holdings

Market Cap: US$8.5b

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

Amazon.com

Market Cap: US$2.3t

Engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally.

GigaCloud Technology

Market Cap: US$1.4b

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

Academy Sports and Outdoors

Market Cap: US$3.8b

Through its subsidiaries, operates as a sporting goods and outdoor recreational retailer in the United States.

Macy's

Market Cap: US$5.7b

An omni-channel retail organization, operates stores, websites, and mobile applications in the United States.

MINISO Group Holding

Market Cap: US$5.8b

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.

Alibaba Group Holding

Market Cap: US$352.7b

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

Sally Beauty Holdings

Market Cap: US$1.6b

Operates as a specialty retailer and distributor of professional beauty supplies.

American Eagle Outfitters

Market Cap: US$3.9b

Operates as a multi-brand specialty retailer in the United States and internationally.

Pattern Group

Market Cap: US$2.0b

Pattern Group Inc. accelerates various brands on ecommerce marketplaces using proprietary technology and AI.

Brilliant Earth Group

Market Cap: US$148.2m

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

Penske Automotive Group

Market Cap: US$10.7b

A diversified transportation services company, operates automotive and commercial truck dealerships worldwide.

Urban Outfitters

Market Cap: US$6.4b

Offers lifestyle products and services.

CarMax

Market Cap: US$6.4b

Through its subsidiaries, operates as a retailer of used vehicles and related products in the United States.

Bed Bath & Beyond

Market Cap: US$355.3m

Operates as an e-commerce affinity marketing company in the United States and Canada.

Best Buy

Market Cap: US$14.3b

Offers technology products and solutions in the United States, Canada, and internationally.