Global Retail Strong Balance Sheet Stocks

Minasmáquinas S/A

Market Cap: R$107.8m

Engages in the vehicle dealership activities in Brazil.

China Tourism Group Duty Free

Market Cap: CN¥145.2b

Engages in duty-free tourism retail business in China.

MST Golf Group Berhad

Market Cap: RM 160.1m

An investment holding company, engages in the retail and wholesale of golf equipment in Malaysia, Singapore, Indonesia, Thailand, Vietnam, and internationally.

WA

Market Cap: JP¥24.9b

Engages in the planning and sale of women's shoes through stores and online stores in Japan.

Nick Scali

Market Cap: AU$2.1b

Engages in the sourcing and retailing of household furniture and related accessories in Australia, New Zealand, and the United Kingdom.

China Brilliant Global

Market Cap: HK$612.0m

An investment holding company, engages in the research and development, design, wholesale, and retail of gold and jewelry, and related ancillary businesses in Hong Kong and the Peoples’ Republic of China.

Eastern Merchants

Market Cap: LK₨1.1b

Eastern Merchants PLC, together with its subsidiaries, exports traditional and non-traditional commodities.

Tay Two

Market Cap: JP¥9.6b

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

King Fook Holdings

Market Cap: HK$454.7m

An investment holding company, engages in the retail and wholesale of gold ornaments, jewelry, watches, gifts, and diamond products primarily in Hong Kong.

China Yongda Automobiles Services Holdings

Market Cap: HK$3.8b

An investment holding company, operates as a passenger vehicle retailer and service provider for luxury and ultra-luxury brands in the People’s Republic of China.

Zhen Yu Hardware

Market Cap: NT$1.9b

Engages in the wholesale and retail of hardware products in China.

Dalmia Industrial Development

Market Cap: ₹175.1m

Primarily engages in the wholesale trading of textile fibers, construction materials, and iron and steel parts.

Macfos

Market Cap: ₹6.9b

Operates an e-commerce platform for electronic products in India.

Can Do

Market Cap: JP¥57.3b

Operates a chain of retail stores in Japan.

Nanjing Business & TourismLtd

Market Cap: CN¥3.8b

Imports and exports textiles and garments worldwide.

Putra Mandiri Jembar

Market Cap: Rp1.6t

Through its subsidiaries, engages in the car dealership business in Indonesia.

NakayamafukuLtd

Market Cap: JP¥8.1b

Engages in trading home-use products in Japan and internationally.

Sau San Tong Holdings

Market Cap: HK$48.9m

An investment holding company, distributes and sells cosmetic and skin care products in Hong Kong and the People’s Republic of China.

Atlan Holdings Bhd

Market Cap: RM 621.4m

An investment holding company, engages in the manufacture and sale of automotive components in Malaysia.

J-Long Group

Market Cap: US$21.6m

Distributes reflective and non-reflective garment trims in Asia, Hong Kong, the People’s Republic of China, and internationally.

JD.com

Market Cap: US$48.0b

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

Max Stock

Market Cap: ₪2.8b

Operates various discount stores in Israel.

Caturkarda Depo Bangunan

Market Cap: Rp1.5t

Operates a building materials supermarket in Indonesia.

Dunelm Group

Market Cap: UK£2.2b

Engages in the retail of homewares in the United Kingdom.

Chewy

Market Cap: US$17.4b

Engages in the e-commerce business in the United States.

J.Jill

Market Cap: US$270.4m

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

Caleres

Market Cap: US$515.4m

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

Gear4music (Holdings)

Market Cap: UK£64.0m

Engages in the retail of musical instruments, musician equipment, and audio-visual equipment in the United Kingdom, rest of Europe, and internationally.

Cheetah Net Supply Chain Service

Market Cap: US$5.6m

Provides logistics and warehousing services in the United States and internationally.

Arman Holdings

Market Cap: ₹464.3m

Engages in the trading of textiles, precious metals, and stones in India.

TOEBOX KOREA.Ltd

Market Cap: ₩20.6b

Engages in the operation of shoe stores for children.

Pace E-Commerce Ventures

Market Cap: ₹510.8m

Engages in the sale of branded, customized, and personalized products for B2C and B2B customers through digital platforms in India.

Handsman

Market Cap: JP¥11.5b

Operates DIY home centers under the Handsman name in Japan.

EchomarketingLtd

Market Cap: ₩417.9b

Designs and performs data-driven and full-funnel marketing services in worldwide.

Jarir Marketing

Market Cap: ر.س15.5b

Engages in the retail and wholesale trading of office and school supplies in the Kingdom of Saudi Arabia, Egypt, and other Gulf countries.

Chow Tai Fook Jewellery Group

Market Cap: HK$159.7b

An investment holding company, manufactures and sells jewelry products in Mainland China, Hong Kong, Macau, and internationally.