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U.S. General Merchandise and Department Stores Industry Analysis

UpdatedSep 21, 2026
DataAggregated Company Financials
Companies31
  • 7D-1.0%
  • 3M8.4%
  • 1Y-2.8%
  • YTD2.6%

Over the last 7 days, the General Merchandise and Department Stores industry has dropped 1.0%, driven by MercadoLibre declining 5.9%. Over the last year, the industry has been flat overall. Looking forward, earnings are forecast to grow by 9.5% annually.

Industry Valuation and Performance

Has the U.S. General Merchandise and Department Stores Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 21 Sep 2026US$3.4tUS$1.4tUS$170.4b20.2x20.2x2.5x
Wed, 19 Aug 2026US$3.5tUS$1.4tUS$175.2b18.6x20.1x2.6x
Fri, 17 Jul 2026US$3.5tUS$1.3tUS$130.6b19.6x26.5x2.6x
Sun, 14 Jun 2026US$3.2tUS$1.3tUS$130.6b18.8x24.8x2.4x
Tue, 12 May 2026US$3.7tUS$1.3tUS$129.4b23x28.5x2.8x
Thu, 09 Apr 2026US$3.0tUS$1.3tUS$117.1b21.7x25.6x2.3x
Sat, 07 Mar 2026US$3.0tUS$1.3tUS$121.8b16.5x24.9x2.4x
Mon, 02 Feb 2026US$3.4tUS$1.3tUS$122.3b18.7x28x2.7x
Wed, 31 Dec 2025US$3.3tUS$1.2tUS$122.1b18.4x27.3x2.7x
Fri, 28 Nov 2025US$3.3tUS$1.2tUS$121.6b19.7x27.4x2.7x
Sun, 26 Oct 2025US$3.4tUS$1.2tUS$119.0b20.4x28.4x2.8x
Tue, 23 Sep 2025US$3.5tUS$1.2tUS$119.0b20.7x29.1x2.9x
Thu, 21 Aug 2025US$3.2tUS$1.2tUS$115.0b18.6x27.6x2.7x
Sat, 19 Jul 2025US$3.1tUS$1.1tUS$111.0b15.9x27.9x2.7x
Mon, 16 Jun 2025US$2.9tUS$1.1tUS$111.0b15.8x26.5x2.6x
Wed, 14 May 2025US$3.0tUS$1.2tUS$111.3b16.2x26.8x2.6x
Fri, 11 Apr 2025US$2.6tUS$1.1tUS$103.5b14x24.6x2.3x
Sun, 09 Mar 2025US$2.9tUS$1.1tUS$103.5b16.6x27.8x2.5x
Tue, 04 Feb 2025US$3.2tUS$1.1tUS$88.5b19.1x35.7x2.9x
Thu, 02 Jan 2025US$2.9tUS$1.1tUS$88.3b20x32.7x2.6x
Sat, 30 Nov 2024US$2.8tUS$1.1tUS$88.5b19.3x31.6x2.5x
Mon, 28 Oct 2024US$2.6tUS$1.1tUS$80.1b19.8x33.1x2.4x
Wed, 25 Sep 2024US$2.7tUS$1.1tUS$80.5b18.1x33x2.4x
Fri, 23 Aug 2024US$2.5tUS$1.1tUS$77.0b20.2x33.1x2.4x
Sun, 21 Jul 2024US$2.5tUS$1.1tUS$70.1b16.6x35.7x2.4x
Tue, 18 Jun 2024US$2.5tUS$1.1tUS$70.1b18.3x36.1x2.4x
Thu, 16 May 2024US$2.6tUS$1.1tUS$67.3b24.1x38.4x2.5x
Sat, 13 Apr 2024US$2.5tUS$1.0tUS$62.8b23.2x40.5x2.5x
Mon, 11 Mar 2024US$2.4tUS$1.0tUS$60.5b21.7x39.2x2.3x
Wed, 07 Feb 2024US$2.3tUS$1.0tUS$64.6b18.9x36.2x2.3x
Fri, 05 Jan 2024US$2.1tUS$1.0tUS$54.2b23.5x38.7x2.1x
Sun, 03 Dec 2023US$2.1tUS$1.0tUS$54.0b22.1x39.3x2.1x
Tue, 31 Oct 2023US$1.9tUS$992.9bUS$41.3b24.6x46.4x1.9x
Thu, 28 Sep 2023US$1.8tUS$977.1bUS$34.3b22.4x53.9x1.9x
Price to Earnings Ratio

53.9x


Total Market Cap: US$1.8tTotal Earnings: US$34.3bTotal Revenue: US$977.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. General Merchandise and Department Stores Industry Price to Earnings3Y Average 31.7x202420252026
Current Industry PE
  • Investors are pessimistic on the American Multiline Retail industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 20.2x which is lower than its 3-year average PE of 31.7x.
  • The industry is trading close to its 3-year average PS ratio of 2.5x.
Past Earnings Growth
  • The earnings for companies in the Multiline Retail industry have grown 71% per year over the last three years.
  • Revenues for these companies have grown 12% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the U.S. Consumer Discretionary industry?

US Market-0.10%
Consumer Discretionary-1.65%
General Merchandise and Department Stores-1.00%
Department Stores0%0
General Merchandise Stores0%0
Broadline Retail-1.00%
Industry PE
  • Investors are most optimistic about the Broadline Retail industry even though it's trading below its 3-year average PE ratio of 31.7x.
    • Analysts are expecting annual earnings growth of 9.5%, which is lower than the prior year's growth of 18.4% per year.
  • Investors are most pessimistic about the Broadline Retail industry, which is trading below its 3-year average of 31.7x.
Forecasted Growth
  • Analysts are most optimistic on the Broadline Retail industry, expecting annual earnings growth of 9.5% over the next 5 years.
  • However this is lower than its past earnings growth rate of 18% per year.
  • In contrast, the Broadline Retail industry is expected to see its earnings grow by 9.5% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
AMZN Amazon.comUS$258.451.9%
+US$53.0b		13.5%PE20.6x
BABA Alibaba Group HoldingUS$115.756.0%
+US$16.2b		-29.5%PE26.3x
GLBE Global-E OnlineUS$39.695.9%
+US$369.5m		5.4%PE43.4x
HEPS D-Market Elektronik Hizmetler ve TicaretUS$2.49-4.6%
US$123.5m		-12.0%PS0.6x
GRPN GrouponUS$22.0515.4%
+US$119.6m		-3.2%PS1.8x

Latest News

AMZN
US$258.45
Amazon.com
7D
1.9%
1Y
13.5%
MELI
US$1,820.47
MercadoLibre
7D
-4.2%
1Y
-26.0%
Narrative Update • Sep 19

MercadoLibre Looked Like a Margin Problem.Then I Found $72 Billion Hiding Inside Mercado Pago.

Revenue crossed $10 billion, margins kept falling, and the obvious valuation method stopped making sense. I pulled MercadoLibre apart to find out what investors actually own.
HEPS
US$2.49
D-Market Elektronik Hizmetler ve Ticaret
7D
-4.6%
1Y
-12.0%
Seeking Alpha • Sep 19

Hepsiburada: New Management Fights Macro Headwinds

Summary Hepsiburada is Turkey’s second largest e-commerce platform, boasting the highest NPS among major competitors. Q2 revenue grew 3% YoY to 22.8B TRY, driven by 3P growth and increased delivery services, despite a fintech revenue decline. Order frequency per customer rose, reflecting new management's focus on customer engagement and platform utilization. Key growth drivers include Turkey’s expanding e-commerce market, new management strategies, and a partnership with Rabobank. Read the full article on Seeking Alpha
DDS
US$639.11
Dillard's
7D
-2.0%
1Y
11.5%
EBAY
US$108.30
eBay
7D
-0.6%
1Y
19.5%
PTRN
US$20.24
Pattern Group
7D
1.4%
1Y
44.6%
Seeking Alpha • Sep 18

Pattern Group: Interesting Business Model, But Not Worth The Price

Summary Pattern Group Inc. faces a Sell rating as its inventory-heavy model and valuation multiples outpace its fundamental strengths. PTRN's Q2 revenue surged 47% y/y to $876.7M, but 91% is concentrated on Amazon, exposing significant channel risk. Despite strong growth, PTRN's gross margin is just 44% and adjusted EBITDA margin remains slim at 6.1%, with only 55% EBITDA-to-FCF conversion. Valuation appears stretched at 31.9x EV/FY27 FCF and 17.6x EV/FY26 EBITDA for a business lacking proprietary brands and facing structural risks. Read the full article on Seeking Alpha
SVV
US$9.22
Savers Value Village
7D
-6.5%
1Y
-28.0%
Narrative Update • Sep 18

SVV: Online Resale Still Bites, Margin Upside Now Rests On Execution

The view on Savers Value Village has shifted from a broad focus on long term thrift demand and competitive threats to a sharper, more cautious stance. The key question is whether its data and AI tools can keep earnings and margins on track against rising costs and a valuation that already reflects a lot of good news.
BABA
US$115.75
Alibaba Group Holding
7D
6.0%
1Y
-29.5%
Seeking Alpha • Sep 18

Alibaba: Expecting Strong Earnings Growth In Q2, Cloud Margin Continues To Improve

Summary Alibaba is upgraded to Strong Buy after a 16% correction post-Q1 earnings miss, with forward P/E compressed to 16.5x, which seems overdone. AI Cloud revenue surged 45% YoY; maintaining over 40% and an improved non-GAAP EBITA margin are expected in the next several quarters. Traditional China e-commerce remains sluggish, with management prioritizing steady profit over growth, dampening overall revenue acceleration. I expect a strong growth inflection in earnings in Q2 FY2027 due to a low comparable basis and improved AI profitability; FCF will continue to be under pressure. Nearly half of the RMB 360 billion AI capex has been completed, and management aims for a 2–2.5 year payback on AI investments. Read the full article on Seeking Alpha
CPNG
US$14.62
Coupang
7D
-3.2%
1Y
-54.8%
Narrative Update • Sep 17

CPNG: Regulatory Resolution And Share Repurchases Will Shape Path To $30

Analysts have reduced the Coupang fair value estimate from $36.00 to $30.00, reflecting updated price targets that take into account higher projected revenue growth and margins, as well as ongoing tax and regulatory costs. Analyst Commentary Recent research on Coupang shows a mix of caution on near term risks and improving confidence in the company’s ability to execute on growth and profitability.
M
US$22.19
Macy's
7D
-1.7%
1Y
31.4%
PDD
US$79.30
PDD Holdings
7D
-0.1%
1Y
-38.3%
GRPN
US$22.05
Groupon
7D
15.4%
1Y
-3.2%
Seeking Alpha • Sep 10

Groupon: Testing Investors' Patience, But New Product Innovations May Drive Hope

Summary Groupon remains under pressure, with Q2 billings and revenue both declining 1% year-over-year, missing expectations and disrupting the rebound narrative. I maintain a neutral rating on GRPN, as restructuring, AI-driven personalization, and quality initiatives are counterbalanced by weak North America demand and competitive threats. Management expects billings growth to reaccelerate in 2H'26, targeting 3-5% full-year billings growth and $75–$80M adjusted EBITDA, but improvement relies heavily on increased marketing spend. At 9.6x EV/FY26 adjusted EBITDA, GRPN is only attractive if product enhancements drive sustainable organic growth; too many uncertainties persist to justify a bullish stance. Read the full article on Seeking Alpha
ORBS
US$1.05
Eightco Holdings
7D
9.9%
1Y
-91.3%
VIPS
US$12.50
Vipshop Holdings
7D
0.5%
1Y
-31.5%
Narrative Update • Sep 09

VIPS: Buybacks And Higher Future P/E Multiple Will Drive Returns

Analysts have trimmed their fair value estimate for Vipshop Holdings by about $1.17 to $17.09, reflecting revised assumptions of reduced revenue growth and profit margins, along with a higher expected P/E multiple. Analyst Commentary Recent research on Vipshop Holdings points to a more cautious stance, with lower price targets and trimmed profit forecasts.
GLBE
US$39.69
Global-E Online
7D
5.9%
1Y
5.4%
SE
US$102.65
Sea
7D
-5.5%
1Y
-46.8%
Narrative Update • Sep 09

SE: Future Upside Will Stem From Q2 Execution And Margin Visibility

Sea's analyst fair value estimate has shifted from $140.50 to $157.11, with analysts pointing to recent price target increases following Q2 results that highlighted stronger Shopee performance, improving visibility on growth and profitability, and support from higher take rates and expanding digital financial services. Analyst Commentary Recent research commentary on Sea highlights a clear split between bullish and more cautious views, with a cluster of price target changes following the Q2 report.