U.S. Retail High ROE Growth Engines

Ross Stores

Market Cap: US$72.2b

Operates off-price retail apparel and home fashion stores under the Ross Dress for Less and dd’s DISCOUNTS brands in the United States.

Ulta Beauty

Market Cap: US$21.8b

Operates as a specialty beauty retailer in the United States, Mexico, and Kuwait.

Best Buy

Market Cap: US$15.8b

Offers technology products and solutions in the United States, Canada, and internationally.

Chewy

Market Cap: US$9.3b

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

Dillard's

Market Cap: US$9.2b

Operates retail department stores in the southeastern, southwestern, and midwestern areas of the United States.

Gap

Market Cap: US$7.5b

Operates as an apparel retail company in the United States, Canada, Japan, Taiwan, and internationally.

Abercrombie & Fitch

Market Cap: US$3.4b

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

Buckle

Market Cap: US$2.2b

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.

GigaCloud Technology

Market Cap: US$1.3b

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

LuxExperience B.V

Market Cap: US$988.3m

Through its subsidiary, operates digital platform for the luxury fashion in Germany, the United States, Europe, Middle East, Japan, mainland China, Hong Kong SAR, China, and internationally.

Envela

Market Cap: US$622.9m

Provides recommerce and recycling services in the United States.

Build-A-Bear Workshop

Market Cap: US$449.3m

Operates as a mall-based, experiential specialty retailer for children in the United States, Canada, the United Kingdom, Ireland, North America, and Europe.