German Retail Potentially Undervalued Companies

MINISO Group Holding

Market Cap: €5.9b

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.

Lithia Motors

Market Cap: €8.1b

Operates as an automotive retailer in the United States, the United Kingdom, and Canada.

Inchcape

Market Cap: €2.8b

Operates as an automotive distributor and retailer.

Dunelm Group

Market Cap: €1.9b

Engages in the retail of homewares in the United Kingdom.

Sonic Automotive

Market Cap: €2.2b

Operates as an automotive retailer in the United States.

Auto Partner

Market Cap: €2.3b

Imports and distributes parts for passenger cars, delivery vans, and motorcycles in Poland.

PDD Holdings

Market Cap: €151.6b

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

PT. Mitra Adiperkasa

Market Cap: €19.9t

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

Platform Group

Market Cap: €99.2m

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

LKQ

Market Cap: €8.6b

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.

Platform Group

Market Cap: €99.2m

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

Vipshop Holdings

Market Cap: €8.2b

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

Adairs

Market Cap: €321.0m

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

Answear.com

Market Cap: €425.0m

Operates online fashion stores in Poland and internationally.

Ultimate Products

Market Cap: €45.6m

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

KMD Brands

Market Cap: €195.7m

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

HORNBACH Holding KGaA

Market Cap: €1.3b

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

El Puerto de Liverpool. de

Market Cap: €136.1b

Operates a chain of department stores primarily in Mexico.

Dusk Group

Market Cap: €55.4m

Dusk Group Limited retails scented and unscented candles, home decor, home fragrances, and gift solutions in Australia.

Delticom

Market Cap: €34.3m

Engages in online distribution of tires and wheels in Europe.

Pasquarelli Auto

Market Cap: €21.7m

Operates as a dealer of new, used, company, and 0 km cars in Italy.

D-Market Elektronik Hizmetler ve Ticaret

Market Cap: €906.3m

D-Market Elektronik Hizmetler ve Ticaret A.S.

Myer Holdings

Market Cap: €813.5m

Operates department stores in Australia and New Zealand.

Giordano International

Market Cap: €2.3b

An investment holding company, engages in the retail and distribution of men’s, women’s, and children’s fashion apparel and accessories in Mainland China, Hong Kong, Macau, Taiwan, Southeast Asia and Australia, Gulf Cooperation Council, and internationally.

JD Sports Fashion

Market Cap: €3.9b

Engages in the retail of branded sports fashion and outdoor clothing, footwear, accessories, and equipment for women and men in the United Kingdom, Europe, North America, the Asia Pacific, and internationally.

Maisons du Monde

Market Cap: €67.0m

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

YesAsia Holdings

Market Cap: €1.5b

An investment holding company, engages in trading of Asian fashion and lifestyle, beauty, cosmetics, accessories, and entertainment products.

Matas

Market Cap: €3.6b

Operates a chain of retail stores that offer beauty, personal care, health and wellbeing, and household products in Denmark.

Inter Cars

Market Cap: €8.3b

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

B&M European Value Retail

Market Cap: €1.7b

B&M European Value Retail S.A. retails general merchandise products and groceries.

Topps Tiles

Market Cap: €81.0m

Engages in the retail and wholesale distribution of ceramic and porcelain tiles, natural stone, and related products for residential and commercial markets in the United Kingdom.

Zhongsheng Group Holdings

Market Cap: €28.5b

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

JD.com

Market Cap: €41.0b

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

Baozun

Market Cap: €162.1m

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

Abercrombie & Fitch

Market Cap: €4.8b

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

Pou Sheng International (Holdings)

Market Cap: €2.5b

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