Global Retail Undervalued Dividend Payers

JD.com

Market Cap: US$45.4b

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

H & M Hennes & Mauritz

Market Cap: SEK 222.4b

Provides clothing, accessories, footwear, cosmetics, home textiles, and homeware for women, men, and children worldwide.

Best Buy

Market Cap: US$14.6b

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

Vipshop Holdings

Market Cap: US$7.9b

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

Gap

Market Cap: US$7.4b

Operates as an apparel retail company.

El Puerto de Liverpool. de

Market Cap: Mex$134.6b

Operates a chain of department stores primarily in Mexico.

Harvey Norman Holdings

Market Cap: AU$7.3b

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

Hla Group

Market Cap: CN¥33.6b

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

Zhongsheng Group Holdings

Market Cap: HK$32.5b

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

Macy's

Market Cap: US$3.3b

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

HORNBACH Holding KGaA

Market Cap: €1.6b

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

Chongqing Department StoreLtd

Market Cap: CN¥13.5b

Operates department stores, supermarkets, and electrical appliances stores in the People's Republic of China.

POYA International

Market Cap: NT$49.1b

Operates a chain of retail stores in Taiwan.

Leon's Furniture

Market Cap: CA$2.0b

Operates as a retailer of home furnishings, mattresses, appliances, and electronics in Canada.

Pets at Home Group

Market Cap: UK£1.0b

Engages in the omnichannel retailing of pet food, pet related products, and pet accessories in the United Kingdom.

Magazine Luiza

Market Cap: R$5.2b

Engages in the retail sale of consumer goods.

Bapcor

Market Cap: AU$1.3b

Engages in the sale and distribution of vehicle parts, accessories, automotive equipment, and services and solutions in Australia, New Zealand, and Thailand.

IDOM

Market Cap: JP¥105.4b

IDOM Inc. purchases and sells used cars in Japan and internationally.

Accent Group

Market Cap: AU$895.8m

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

RVRC Holding

Market Cap: SEK 4.8b

Engages in the e-commerce outdoor clothing business in Germany, Sweden, Finland, and internationally.

Card Factory

Market Cap: UK£359.6m

Operates as a specialist retailer of cards, gifts, and celebration essentials in the United Kingdom, South Africa, Republic of Ireland, the United States, and internationally.

Padini Holdings Berhad

Market Cap: RM 2.0b

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

Grupo SBF

Market Cap: R$2.5b

Engages in the retail and wholesale of sports and leisure products in Brazil.

Halfords Group

Market Cap: UK£302.9m

Through its subsidiaries, provides motoring and cycling products and services in the United Kingdom.

Pou Sheng International (Holdings)

Market Cap: HK$2.6b

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

Shinsegae International

Market Cap: ₩390.3b

Operates department stores and hypermarkets in South Korea.

Adairs

Market Cap: AU$380.0m

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

J.Jill

Market Cap: US$233.1m

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

Lim Seong Hai Capital Berhad

Market Cap: RM 725.2m

An investment holding company, provides construction and related services and solutions in Malaysia.