U.S. Retail Undervalued based on future growth

JD.com

Market Cap: US$43.6b

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

American Eagle Outfitters

Market Cap: US$3.0b

Operates as a multi-brand specialty retailer in the United States and internationally.

RH

Market Cap: US$3.0b

Operates as a retailer and lifestyle brand in the home furnishings market in the United States, Canada, the United Kingdom, Germany, Belgium, and Spain.

Sonic Automotive

Market Cap: US$2.2b

Operates as an automotive retailer in the United States.

Kohl's

Market Cap: US$2.0b

Operates as an omnichannel retailer in the United States.

Upbound Group

Market Cap: US$986.1m

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

ATRenew

Market Cap: US$915.6m

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

Betterware de MéxicoP.I. de

Market Cap: US$530.7m

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

Haverty Furniture Companies

Market Cap: US$373.3m

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

Alliance Entertainment Holding

Market Cap: US$339.4m

Operates as a wholesaler and e-commerce provider for the entertainment industry worldwide.

J.Jill

Market Cap: US$226.7m

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

America's Car-Mart

Market Cap: US$155.1m

Through its subsidiaries, operates as an automotive retailer for the used car market in the United States.

Torrid Holdings

Market Cap: US$137.8m

Provides apparel, intimates, and accessories for curvy women in North America.