Global Retail Potentially Undervalued Companies

Ultimate Products

Market Cap: UK£53.6m

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

DAVIDsTEA

Market Cap: US$20.1m

Operates as a tea retailer in Canada and the United States.

Victoria's Secret

Market Cap: €1.8b

Operates as a specialty retailer of women’s intimate, and other apparel and beauty products worldwide.

Camping World Holdings

Market Cap: US$1.8b

Together its subsidiaries, retails recreational vehicles (RVs), and related products and services in the United States.

H & M Hennes & Mauritz

Market Cap: €226.6b

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

SRP Groupe

Market Cap: €56.7m

Engages in the e-commerce business in France and internationally.

CarMax

Market Cap: US$9.3b

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

Matas

Market Cap: €5.1b

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

Lowe's Companies

Market Cap: €145.0b

Operates as a home improvement retailer in the United States.

Penske Automotive Group

Market Cap: €12.4b

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

Auto Partner

Market Cap: €2.6b

Imports and distributes spare parts for cars, light commercial vehicles, and motorcycles in Poland.

Fnac Darty

Market Cap: €875.2m

Engages in the retail of entertainment and leisure products, consumer electronics, and domestic appliances in France, Switzerland, Belgium, Luxembourg, and the Iberian Peninsula.

Leslie's

Market Cap: €65.4m

Operates as a direct-to-consumer pool and spa care brand in the United States.

Murphy USA

Market Cap: €7.3b

Together with subsidiaries, engages in marketing of retail motor fuel products and convenience merchandise.

BHG Group

Market Cap: €4.7b

Operates as a consumer e-commerce company in Sweden, Finland, Denmark, Norway, rest of Europe, and internationally.

Pepkor Holdings

Market Cap: €93.4b

Operates as a retailer focusing on discount, value, and specialized goods in Angola, Botswana, Brazil, Eswatini, Lesotho, Mozambique, Malawi, Namibia, South Africa, and Zambia.

Frasers Group

Market Cap: €3.0b

Frasers Group Plc, together with its subsidiaries, retails sports and leisure clothing, footwear, homeware, furniture, sports equipment and bicycles, accessories, and apparel through department stores, shops, and online.

Envela

Market Cap: US$190.8m

Provides recycling and recommerce services in the United States.

Dillard's

Market Cap: €8.6b

Operates retail department stores in the southeastern, southwestern, and midwestern areas of the United States.

Tilly's

Market Cap: US$56.4m

Operates as a specialty retailer of casual apparel, footwear, accessories, and hardgoods for young men and women, boys, and girls in the United States.

Mercari

Market Cap: €404.1b

Plans, develops, and operates Mercari marketplace applications in Japan and the United States.

Halfords Group

Market Cap: US$306.3m

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

Global Fashion Group

Market Cap: €78.7m

Operates e-commerce platforms for fashion and lifestyle markets in Latin America, Southeast Asia, Australia, and New Zealand.

ASOS

Market Cap: US$347.3m

Operates as an online fashion retailer in the United Kingdom, the European Union, the United States, and internationally.

Upson International

Market Cap: ₱2.4b

Operates as a retailer of information technology products in the Philippines.

Naspers

Market Cap: US$898.4b

Operates as a consumer internet company in Africa, Asia, Europe, and internationally.

Tay Two

Market Cap: JP¥9.3b

Tay Two Co., Ltd. purchases and sells books, home video games, trading cards, hobbies, smartphones, CDs, DVDs, clothing, etc.

United Arrows

Market Cap: JP¥58.0b

Engages in the planning, buying, and sale of men’s and women’s clothing and accessories, and miscellaneous items in Japan.

Millennium Group Corporation (Asia)

Market Cap: ฿3.0b

Engages in the sale and retail of automobiles, yachts, and spare parts primarily in Thailand.

Far Eastern Department Stores

Market Cap: NT$29.4b

Operates department stores and supermarkets in Taiwan.

Combined Motor Holdings

Market Cap: R2.6b

An investment holding company, engages in the motor retail and distribution business in South Africa.

Golf Digest Online

Market Cap: JP¥7.8b

Together with subsidiaries, provides a range of specialized golf services in Japan and internationally.

Bookoff Group Holdings

Market Cap: JP¥26.5b

Operates secondhand book and other goods stores in the Japan, Malaysia, the United States, and France.

Arvind Fashions

Market Cap: ₹69.4b

Engages in the wholesale and retail trading of garments and accessories in India and internationally.

Banners

Market Cap: JP¥2.3b

Engages in the real estate utilization, and musical instruments and automobile sales businesses in Japan.

Sincere Watch (Hong Kong)

Market Cap: HK$60.4m

An investment holding company, distributes branded luxury watches, timepieces, and accessories in Hong Kong, Macau, Taiwan, Korea, the People’s Republic of China, and internationally.