Global Retail Net Cash Stocks With A Growth Track Record

Pop Mart International Group

Market Cap: HK$198.3b

An investment holding company, engages in the design, development, and sale of pop toys in the People’s Republic of China and internationally.

Williams-Sonoma

Market Cap: US$18.3b

Operates as an omni-channel specialty retailer of various products for home.

Ulta Beauty

Market Cap: US$16.4b

Operates as a specialty beauty retailer in the United States.

Urban Outfitters

Market Cap: US$4.3b

Offers lifestyle products and services.

Five Below

Market Cap: US$3.3b

Operates as a specialty value retailer in the United States.

momo.com

Market Cap: NT$82.1b

Engages in the TV and radio production, radio and TV program distribution, radio and TV commercial, video program distribution, issuing of magazine, and retailing businesses in Taiwan.

Arhaus

Market Cap: US$1.1b

Operates as a lifestyle brand and premium retailer in the home furnishings market in the United States.

Adastria

Market Cap: JP¥126.5b

Plans, produces, and retails clothes and sundry goods in Japan.

Central Automotive Products

Market Cap: JP¥88.8b

Engages in the import, export, and wholesale of automotive parts and accessories.

Delta Israel Brands

Market Cap: ₪1.9b

Designs, develops, markets, and sells various clothing products in Israel.

Zinzino

Market Cap: SEK 5.0b

A direct sales company, provides dietary supplements and skincare products in Sweden and internationally.

Shoe Carnival

Market Cap: US$510.3m

Operates as a family footwear retailer in the United States.

Build-A-Bear Workshop

Market Cap: US$485.4m

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

Wilcon Depot

Market Cap: ₱25.8b

Wilcon Depot, Inc., doing business as WILCON DEPOT and WILCON HOME ESSENTIALS, operates as a home improvement and construction supplies retailer in the Philippines.

Padini Holdings Berhad

Market Cap: RM 2.0b

An investment holding company, engages in the retail of garments and ancillary products.

Moshi Moshi Retail Corporation

Market Cap: ฿12.2b

Engages in the retail and wholesale of lifestyle products in Thailand.

Honeys Holdings

Market Cap: JP¥44.6b

Engages in the planning, manufacture, and wholesale of women’s clothing and accessories.

Weyco Group

Market Cap: US$283.6m

Designs, markets, and distributes footwear for men, women, and children in the United States, Canada, Australia, Asia, and South Africa.

Supreme

Market Cap: UK£181.8m

Owns, manufactures, and distributes batteries, lighting, vaping, sports nutrition and wellness, and branded household consumer goods in the United Kingdom, Ireland, the Netherlands, France, rest of Europe, and internationally.

Sa Sa International Holdings

Market Cap: HK$1.8b

An investment holding company, engages in the retail and wholesale of cosmetic products in Hong Kong, Macau, Mainland China, Southeast Asia, and internationally.

Amway (Malaysia) Holdings Berhad

Market Cap: RM 821.9m

An investment holding company, distributes consumer products in Malaysia.

MEB Corporation

Market Cap: ฿6.2b

Engages in distribution and service of e-books in Thailand.

Sirca Paints India

Market Cap: ₹14.3b

Engages in the import and distribution of wood, metal, and glass coatings in India.

WA

Market Cap: JP¥22.9b

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

YesAsia Holdings

Market Cap: HK$1.2b

An investment holding company, engages in the procurement, sale, and trading of Asian fashion and lifestyle, beauty, cosmetics, accessories, and entertainment products.

Step One Clothing

Market Cap: AU$156.4m

Operates as a direct-to-consumer online retailer for men’s underwear in the United Kingdom, the United States, and Australia.

Wittchen

Market Cap: zł368.0m

Manufactures and sells leather goods for men, women, and kids.

Choo Chiang Holdings

Market Cap: S$74.8m

An investment holding company, engages in the retail and distribution of electrical products and accessories in Singapore.

Egypt Free Shops

Market Cap: ج.م2.6b

Imports and sells foreign and domestic goods through duty free shops in Egypt.

Raytech Holding

Market Cap: US$46.1m

Through its subsidiary, engages in the sourcing and wholesaling of personal care and lifestyle electrical appliances for international brand owners in Hong Kong.

Saraswati Saree Depot

Market Cap: ₹3.4b

Engages in the wholesale distribution of women’s traditional and ethnic wear garments in India.

Mister International Enterprise

Market Cap: NT$957.3m

Designs, develops, retails, and wholesale of ready-made apparel, footwear, and related peripheral accessories in Taiwan.

Starlineps Enterprises

Market Cap: ₹1.5b

Trades in precious metals, stones, and jewelry in India.

Gamivo

Market Cap: zł29.1m

Operates as a games and digital goods trading platform in Poland.

Associated Commercial

Market Cap: MU₨245.2m

Engages in the import and distribution of tyres, tubes, flaps, and spare parts for commercial vehicles in Mauritius.

Hanoi Beer Trading

Market Cap: ₫132.7b

Primarily engages in the distribution of beverage products in Vietnam.