U.S. Retail Undervalued based on future growth

JD.com

Market Cap: US$41.5b

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

MINISO Group Holding

Market Cap: US$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.

Signet Jewelers

Market Cap: US$3.4b

Operates as a diamond jewelry retailer.

Sonic Automotive

Market Cap: US$2.2b

Operates as an automotive retailer in the United States.

ATRenew

Market Cap: US$1.2b

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

Upbound Group

Market Cap: US$1.0b

Upbound Group, Inc. leases household durable goods to customers on a lease-to-own basis in the United States, Puerto Rico, and Mexico.

Betterware de MéxicoP.I. de

Market Cap: US$511.4m

Operates as a direct-to-consumer selling company in the United Staes and Mexico.

Lands' End

Market Cap: US$447.0m

Operates as a digital retailer of apparel, swimwear, outerwear, accessories, footwear, home products, and uniforms in the United States, Europe, and internationally.

Haverty Furniture Companies

Market Cap: US$387.5m

Operates as a specialty retailer of residential furniture and accessories in the United States.

J.Jill

Market Cap: US$213.9m

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