U.S. Retail Healthy potentially undervalued

Betterware de MéxicoP.I. de

Market Cap: US$592.9m

Operates as a direct-to-consumer selling company in the United States and Mexico.

LKQ

Market Cap: US$6.6b

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.

JD.com

Market Cap: US$39.5b

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

Academy Sports and Outdoors

Market Cap: US$2.8b

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

MINISO Group Holding

Market Cap: US$3.3b

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.

Abercrombie & Fitch

Market Cap: US$4.7b

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

Gap

Market Cap: US$7.1b

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

Baozun

Market Cap: US$162.8m

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

J.Jill

Market Cap: US$303.8m

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

ATRenew

Market Cap: US$901.7m

ATRenew Inc., together with its subsidiaries, sell pre-owned consumer electronics through its online platforms and other channels in the People’s Republic of China.

Vipshop Holdings

Market Cap: US$6.9b

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

Amazon.com

Market Cap: US$2.8t

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

Kohl's

Market Cap: US$2.0b

Operates as an omnichannel retailer in the United States.

PDD Holdings

Market Cap: US$127.4b

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

Signet Jewelers

Market Cap: US$3.2b

Operates as a diamond jewelry retailer in the United States, Canada, the United Kingdom, and Republic of Irland.

Macy's

Market Cap: US$5.9b

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

Genuine Parts

Market Cap: US$18.3b

Distributes automotive and industrial replacement parts.

Coupang

Market Cap: US$29.2b

Owns and operates retail business through its mobile applications and internet websites in South Korea and internationally.

Best Buy

Market Cap: US$18.1b

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

Alibaba Group Holding

Market Cap: US$297.8b

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.

Upbound Group

Market Cap: US$1.1b

A technology and data-driven company, provides financial solutions in the United States, Puerto Rico, and Mexico.

Brilliant Earth Group

Market Cap: US$135.4m

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

Sally Beauty Holdings

Market Cap: US$1.5b

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

Urban Outfitters

Market Cap: US$6.2b

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

eBay

Market Cap: US$46.6b

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

Pattern Group

Market Cap: US$3.6b

Operates as an e-commerce accelerator that combines proprietary technology and on-demand expertise to support consumer brands operating across e-commerce marketplaces in the United States and internationally.