Global Retail Low Leverage High Rewards

Harvey Norman Holdings

Market Cap: AU$7.4b

Engages in the integrated retail, franchise, property, and digital system businesses.

Clas Ohlson

Market Cap: SEK 22.0b

A retail company, sells building, electrical, multimedia, home, and leisure products in Sweden, Norway, Finland, and internationally.

MOONBATLtd

Market Cap: JP¥7.7b

Moonbat Co.,Ltd. plans manufactures, imports, purchases, and sells umbrellas, clothing, fur, leather, jewelry, and hats in Japan.

Tea Life

Market Cap: JP¥4.8b

Engages in the Internet and catalog sale of health tea, health foods, cosmetics, medicines, etc.

Auto Nejma Maroc

Market Cap: د.م2.2b

Engages in the importing, distribution, marketing, and exporting of passenger and utility vehicles, spare parts, and automobile accessories in Morocco.

Mr Price Group

Market Cap: R54.2b

Provides fashion-value merchandise in South Africa and internationally.

DICK'S Sporting Goods

Market Cap: US$17.9b

Operates as an omni-channel sporting goods retailer primarily in the United States.

BMMI B.S.C

Market Cap: ب.د56.9m

Engages in the wholesale and retail of food, beverages, and other consumable items.

Choo Chiang Holdings

Market Cap: S$91.4m

An investment holding company, operates as a retailer and distributor of electrical products and accessories in Singapore.

KING

Market Cap: JP¥13.5b

Manufactures and sells textile products.

El Puerto de Liverpool. de

Market Cap: Mex$134.5b

Operates a chain of department stores primarily in Mexico.

Autobacs Seven

Market Cap: JP¥118.8b

Operates a chain of retail stores for automotive goods and services in Japan and internationally.

EEKA Fashion Holdings

Market Cap: HK$5.0b

An investment holding company, engages in the design, promotion, marketing, retail, and wholesale of self-owned branded ladies’ wear products in the People’s Republic of China.

Tsann Kuen EnterpriseLtd

Market Cap: NT$2.8b

Through its subsidiaries, engages in the trading of various 3C department stores.

SaftecLtd

Market Cap: JP¥2.9b

Provides safety products to the construction industry in Japan.

ZOZO

Market Cap: JP¥1.3t

Operates online shopping Websites in Japan and internationally.

ZJAMP Group

Market Cap: CN¥4.7b

Engages in the production and sale of pesticides and fertilizers in China and internationally.

Leon's Furniture

Market Cap: CA$2.0b

Operates as a retailer of home furnishings, mattresses, appliances, and electronics in Canada.

Vertu Motors

Market Cap: UK£188.6m

Operates as an automotive retailer in the United Kingdom.

Haverty Furniture Companies

Market Cap: US$364.7m

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

Honeys Holdings

Market Cap: JP¥42.4b

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

Harima-KyowaLTD

Market Cap: JP¥10.2b

Engages in the wholesale of daily necessities, cosmetics, and toiletries in Japan.

Adairs

Market Cap: AU$395.9m

Operates as a specialty retailer of home furnishings, furniture, and decoration products in Australia and New Zealand.

Hour Glass

Market Cap: S$1.3b

An investment holding company, engages in the retailing and distribution of watches, jewellry, and other luxury products in Singapore, Hong Kong, Japan, Australia, New Zealand, Malaysia, Thailand, and Vietnam.

Senao InternationalLtd

Market Cap: NT$7.7b

Sells and distributes mobile handheld devices in China.

RACCOON HOLDINGS

Market Cap: JP¥14.4b

RACCOON HOLDINGS, Inc. creates and provides infrastructure BtoB transactions in Japan.

EDION

Market Cap: JP¥211.3b

Operates as a home appliance retailer in Japan.

S P V I

Market Cap: ฿896.0m

Engages in the distribution of computers, mobile phones, and related accessories and services in Thailand.

Topsports International Holdings

Market Cap: HK$19.4b

An investment holding company, engages in the trading of sportswear products in the People’s Republic of China.

Dashang

Market Cap: CN¥6.9b

Operates a chain of department stores, supermarkets, and electrical appliance stores in China.

GOLFZON HOLDINGS

Market Cap: ₩214.0b

Through its subsidiaries, engages in the golf, sports, health, and lifestyle businesses in South Korea and internationally.

India Motor Parts & Accessories

Market Cap: ₹12.9b

Sells and distributes automobile spare parts and accessories in India.

Samse

Market Cap: €492.8m

Distributes building materials and tools in France.

Card Factory

Market Cap: UK£363.1m

Operates as a specialist retailer of cards, gifts, and celebration essentials in the United Kingdom, South Africa, Republic of Ireland, the United States, and internationally.

Nictus

Market Cap: R104.2m

An investment holding company, operates as a retailer of household furniture, electrical appliances, and home electronics under the Nictus brand in South Africa.

Italtile

Market Cap: R11.5b

Manufactures, retails, and franchises tiles, bathroom ware, and related home-finishing products in South Africa, rest of Africa, and Australia.