U.S. Retail Potentially Undervalued Companies

LKQ

Market Cap: US$10.9b

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$55.4b

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

Lithia Motors

Market Cap: US$7.6b

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

Vipshop Holdings

Market Cap: US$6.4b

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

Build-A-Bear Workshop

Market Cap: US$481.4m

Operates as a multi-channel retailer of plush animals and related products in the United States, Canada, the United Kingdom, Ireland, and internationally.

PDD Holdings

Market Cap: US$131.6b

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

Academy Sports and Outdoors

Market Cap: US$2.5b

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

AutoNation

Market Cap: US$6.5b

Through its subsidiaries, operates as an automotive retailer in the United States.

MINISO Group Holding

Market Cap: US$5.0b

An investment holding company, engages in the retail and wholesale of lifestyle products and pop toy products in China, rest of Asia, the Americas, Europe, Indonesia, and internationally.

Sportsman's Warehouse Holdings

Market Cap: US$53.7m

Operates as an outdoor sporting goods retailer in the United States.

Asbury Automotive Group

Market Cap: US$4.4b

Operates as an automotive retailer in the United States.

Lulu's Fashion Lounge Holdings

Market Cap: US$19.4m

Operates as an online retailer of women’s apparel, footwear, and accessories in the United State.

ODP

Market Cap: US$374.5m

Provides business products, services and supplies, and digital workplace technology solutions to small, medium, and enterprise-level businesses in the United States, Puerto Rico, the U.S.

B&M European Value Retail

Market Cap: US$3.1b

Operates general merchandise and grocery stores.

Abercrombie & Fitch

Market Cap: US$3.6b

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

Ulta Beauty

Market Cap: US$16.6b

Operates as a specialty beauty retailer in the United States.

Stitch Fix

Market Cap: US$398.0m

Sells a range of apparel, shoes, and accessories for women’s, petite, maternity, men’s, plus, and kids through its website and mobile application in the United States.

Baozun

Market Cap: US$131.0m

Through its subsidiaries, provides end-to-end e-commerce solutions to brand partners in the People's Republic of China.

Victoria's Secret

Market Cap: US$1.3b

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

Caleres

Market Cap: US$523.7m

Engages in the designs, develops, sources, manufactures, and distributes footwear in the United States, Canada, East Asia, and internationally.

Buckle

Market Cap: US$1.8b

Operates as a retailer of casual apparel, footwear, and accessories for men, women, and kids under the Buckle and Buckle Youth brands in the United States.

ATRenew

Market Cap: US$504.7m

Operates pre-owned consumer electronics transactions and services platform in the People’s Republic of China.

JD Sports Fashion

Market Cap: US$3.9b

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

J.Jill

Market Cap: US$246.4m

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

PT. Mitra Adiperkasa

Market Cap: US$22.6t

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

Shoe Carnival

Market Cap: US$501.9m

Operates as a family footwear retailer in the United States.

Kohl's

Market Cap: US$724.7m

Operates as an omnichannel retailer in the United States.

GigaCloud Technology

Market Cap: US$487.6m

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

Macy's

Market Cap: US$3.1b

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

Signet Jewelers

Market Cap: US$2.5b

Operates as a diamond jewelry retailer.

Bath & Body Works

Market Cap: US$6.1b

Operates as a specialty retailer of home fragrance, personal and body care, soaps, and sanitizer products.

Beyond

Market Cap: US$206.4m

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

CarParts.com

Market Cap: US$47.4m

Operates as an online retailer of aftermarket auto parts and accessories in the United States and the Philippines.

Group 1 Automotive

Market Cap: US$5.2b

Through its subsidiaries, operates in the automotive retail industry in the United States and the United Kingdom.

Lowe's Companies

Market Cap: US$125.5b

Operates as a home improvement retailer in the United States.

B&M European Value Retail

Market Cap: US$3.1b

Operates general merchandise and grocery stores.