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U.S. General Merchandise and Department Stores Industry Analysis

UpdatedDec 16, 2025
DataAggregated Company Financials
Companies34
  • 7D-2.8%
  • 3M-7.6%
  • 1Y2.1%
  • YTD7.4%

Over the last 7 days, the General Merchandise and Department Stores industry has dropped 1.8%, driven by pullbacks in PDD Holdings and Amazon.com of 4.8% and 0.3%, respectively. This takes the industry's 12 month performance to a gain of 5.6%. As for the next few years, earnings are expected to grow by 16% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 16 Dec 2025US$3.3tUS$1.2tUS$121.8b18.8x27x2.6x
Thu, 13 Nov 2025US$3.6tUS$1.2tUS$124.7b18.4x28.9x2.9x
Sat, 11 Oct 2025US$3.3tUS$1.2tUS$119.0b19.7x27.7x2.7x
Mon, 08 Sep 2025US$3.4tUS$1.2tUS$118.9b21x28.7x2.8x
Wed, 06 Aug 2025US$3.0tUS$1.2tUS$115.7b17.6x25.8x2.6x
Fri, 04 Jul 2025US$3.1tUS$1.1tUS$111.0b16.1x27.7x2.7x
Sun, 01 Jun 2025US$2.9tUS$1.1tUS$110.8b15.3x25.9x2.5x
Tue, 29 Apr 2025US$2.7tUS$1.1tUS$103.7b15.3x25.9x2.4x
Thu, 27 Mar 2025US$2.9tUS$1.1tUS$103.8b15.8x27.9x2.6x
Sat, 22 Feb 2025US$3.1tUS$1.1tUS$103.1b19.6x30.1x2.8x
Mon, 20 Jan 2025US$3.0tUS$1.1tUS$88.2b19.8x33.9x2.7x
Wed, 18 Dec 2024US$3.1tUS$1.1tUS$88.4b20.2x34.5x2.8x
Fri, 15 Nov 2024US$2.9tUS$1.1tUS$84.6b17.1x34.2x2.6x
Sun, 13 Oct 2024US$2.7tUS$1.1tUS$80.3b20.6x34.1x2.5x
Tue, 10 Sep 2024US$2.4tUS$1.1tUS$79.7b19.4x30.3x2.2x
Thu, 08 Aug 2024US$2.3tUS$1.1tUS$77.4b16.6x29.9x2.1x
Sat, 06 Jul 2024US$2.7tUS$1.1tUS$70.1b16.7x38x2.5x
Mon, 03 Jun 2024US$2.5tUS$1.1tUS$70.0b23.2x35.5x2.3x
Wed, 01 May 2024US$2.4tUS$1.0tUS$62.8b22.1x38.4x2.3x
Fri, 29 Mar 2024US$2.4tUS$1.0tUS$62.8b23.5x38.7x2.4x
Sun, 25 Feb 2024US$2.4tUS$1.0tUS$60.0b21.4x40x2.3x
Tue, 23 Jan 2024US$2.2tUS$1.0tUS$54.1b23.1x40.3x2.2x
Thu, 21 Dec 2023US$2.2tUS$1.0tUS$54.1b21.3x40.8x2.2x
Sat, 18 Nov 2023US$2.0tUS$1.0tUS$52.9b26.7x38.5x2x
Mon, 16 Oct 2023US$1.9tUS$977.3bUS$34.3b25x55.1x1.9x
Wed, 13 Sep 2023US$2.1tUS$977.9bUS$34.4b23.2x59.8x2.1x
Fri, 11 Aug 2023US$2.0tUS$975.9bUS$33.9b22.2x59.8x2.1x
Sun, 09 Jul 2023US$1.9tUS$945.2bUS$25.2b29.9x74.2x2x
Tue, 06 Jun 2023US$1.8tUS$950.4bUS$25.4b30.7x70.7x1.9x
Thu, 04 May 2023US$1.6tUS$955.4bUS$18.0b37x87.3x1.6x
Sat, 01 Apr 2023US$1.6tUS$947.0bUS$9.1b34.9x181.6x1.7x
Mon, 27 Feb 2023US$184.9bUS$252.8bUS$10.8b16.6x17.2x0.7x
Wed, 25 Jan 2023US$188.7bUS$252.8bUS$10.8b17.6x17.5x0.7x
Fri, 23 Dec 2022US$175.0bUS$252.8bUS$10.8b15.5x16.2x0.7x
Price to Earnings Ratio

16.2x


Total Market Cap: US$175.0bTotal Earnings: US$10.8bTotal Revenue: US$252.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. General Merchandise and Department Stores Industry Price to Earnings3Y Average 41.8x202320242025
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 27.0x which is lower than its 3-year average PE of 41.8x.
  • The 3-year average PS ratio of 2.2x is lower than the industry's current PS ratio of 2.6x.
Past Earnings Growth
  • The earnings for companies in the Multiline Retail industry have grown 124% per year over the last three years.
  • Revenues for these companies have grown 70% 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-0.69%
Consumer Discretionary1.31%
General Merchandise and Department Stores-2.81%
Department Stores0%0
General Merchandise Stores0%0
Broadline Retail-2.81%
Industry PE
  • Investors are most optimistic about the Broadline Retail industry even though it's trading below its 3-year average PE ratio of 44.2x.
    • Analysts are expecting annual earnings growth of 16.2%, which is higher than its past year's earnings decline of 5.5% per year.
  • Investors are most pessimistic about the Broadline Retail industry, which is trading below its 3-year average of 44.2x.
Forecasted Growth
  • Analysts are most optimistic on the Broadline Retail industry, expecting annual earnings growth of 16% over the next 5 years.
  • This is better than its past earnings decline of 5.5% per year.
  • In contrast, the Broadline Retail industry is expected to see its earnings grow by 16% 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
M Macy'sUS$23.847.7%
+US$476.4m		42.6%PE13.3x
MNSO MINISO Group HoldingUS$20.101.0%
+US$58.0m		-19.0%PE20.1x
GLBE Global-E OnlineUS$38.500.8%
+US$49.2m		-32.5%PE891.8x
SVV Savers Value VillageUS$9.521.6%
+US$23.4m		-1.2%PS0.9x
HEPS D-Market Elektronik Hizmetler ve TicaretUS$2.383.0%
+US$22.5m		-29.2%PS0.5x

Latest News

MELI
US$1,966.76
MercadoLibre
7D
-5.8%
1Y
9.5%
AMZN
US$222.54
Amazon.com
7D
-1.9%
1Y
-4.5%

AMZN: Expanding AI Cloud Partnerships Will Drive AWS-Led Outperformance Ahead

Analysts nudged their Amazon.com price target slightly higher to approximately $295.53 from about $294.65, citing a modestly lower perceived risk profile and incremental improvements in long term growth and margin assumptions, supported by accelerating AWS momentum, expanding AI partnerships, and resilient retail trends. Analyst Commentary Bullish analysts highlight that the near term setup into the holiday season remains favorable, with Amazon positioned to gain further online share even as overall U.S. e commerce growth moderates.
M
US$23.84
Macy's
7D
7.7%
1Y
42.6%
PDD
US$110.40
PDD Holdings
7D
-6.1%
1Y
10.8%

PDD: Execution On Mature Domestic Platform Will Support Future Upside Potential

Analysts have slightly reduced their price target on PDD Holdings by $5 to $135, citing signs of a maturing domestic business and recent stagnation in user engagement metrics as reasons for a more measured growth outlook. Analyst Commentary Analysts are converging on a more balanced view of PDD Holdings, with the reduced price target framed as a recalibration to slower, but still positive, growth expectations rather than a structural bear call on the business.
MNSO
US$20.10
MINISO Group Holding
7D
1.0%
1Y
-19.0%

MNSO: Future Profitability Will Benefit From Expanding Experiential Retail Footprint

Analysts have nudged their price target on MINISO Group Holding slightly higher to approximately $26.87 per share, from about $26.83. They cite marginally improved profit margin expectations and a modest reduction in the assumed discount rate, which more than offset slightly softer projected revenue growth and a marginally lower future P/E multiple.
EBAY
US$82.59
eBay
7D
-1.5%
1Y
29.8%

EBAY: Focus Categories And AI Will Drive Marketplace Upside Through 2026

Analysts nudged their average price target for eBay higher to about $94 per share, citing improving focus category momentum, a more resilient GMV growth outlook into 2026, and supportive trading cards and AI driven marketplace initiatives, despite only modest tweaks to growth and discount rate assumptions. Analyst Commentary Street research has turned incrementally more constructive on eBay, with a series of price target increases and at least one rating upgrade reflecting growing confidence in the company’s ability to sustain merchandise volume growth and monetize key focus categories into 2026.
QVCG.A
US$11.81
QVC Group
7D
25.9%
1Y
-32.9%
BABA
US$150.09
Alibaba Group Holding
7D
-5.1%
1Y
74.4%

BABA: Cloud And AI Expansion Will Drive Higher Quality Earnings Ahead

Analysts have nudged our Alibaba fair value estimate slightly higher to approximately $198 per share, reflecting expectations for faster revenue growth driven by strengthening cloud and AI demand. These expectations more than offset modestly lower margin assumptions and a marginally higher discount rate.
CPNG
US$24.33
Coupang
7D
-11.0%
1Y
3.1%

CPNG: Korea Unit Economics Will Drive Future Share Price Momentum

Analysts have nudged their fair value estimate for Coupang modestly higher to about $36 per share from roughly $36 previously, reflecting revised post Q3 growth and profitability assumptions and reinforced by recent $40 Street price targets. Analyst Commentary Recent Street commentary has generally skewed positive, with multiple firms lifting or initiating price targets around $40.
GLBE
US$38.50
Global-E Online
7D
0.8%
1Y
-32.5%

GLBE: Strong Q3 Execution Will Support Higher Confidence In Future Performance

Analysts have nudged their average price target for Global-E Online slightly higher, as robust gross merchandise volume trends and improved execution confidence, partly offset by expectations for some take rate compression, support a fair value increase of roughly $1 to about $50 per share. Analyst Commentary Recent Street research reflects a mixed but generally constructive stance on Global-E Online, with modest price target raises anchored in stronger growth expectations but tempered by profitability and monetization concerns.
HEPS
US$2.38
D-Market Elektronik Hizmetler ve Ticaret
7D
3.0%
1Y
-29.2%

HEPS: Customer And Merchant Expansion Will Drive Future Share Price Recovery

The analyst price target for D-Market Elektronik Hizmetler ve Ticaret has been cut to $3.07 from $4.85, as analysts cite the company’s pivot toward customer and merchant acquisition over cash flow, ongoing profitability pressures, and heightened uncertainty around future cash generation and strategic visibility. Analyst Commentary Analysts remain divided on the near term outlook for D Market Elektronik, with the recent price target cut reflecting both execution risks and the potential for longer term growth if the company can successfully scale its customer and merchant base.
SE
US$121.56
Sea
7D
-5.2%
1Y
6.1%

SE: Share Momentum Will Strengthen on Strong E-Commerce and Fintech Performance

Analysts have slightly lowered their price target for Sea Limited to approximately $192 per share, citing continued revenue strength across all business segments and recent share price movement as primary factors supporting their updated outlook. Analyst Commentary Recent Street research on Sea Limited reflects a range of perspectives, highlighting both confidence in the company's business execution and areas of lingering caution regarding profitability and near-term industry challenges.
SVV
US$9.52
Savers Value Village
7D
1.6%
1Y
-1.2%
JD
US$28.85
JD.com
7D
-3.6%
1Y
-21.4%
DIBS
US$5.99
1stdibs.Com
7D
0.5%
1Y
60.6%

Subdued Growth No Barrier To 1stdibs.Com, Inc. (NASDAQ:DIBS) With Shares Advancing 53%

Nov 08
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MOGU
US$2.64
MOGU
7D
1.1%
1Y
15.3%

Is MOGU (NYSE:MOGU) In A Good Position To Deliver On Growth Plans?

Nov 08
Is MOGU (NYSE:MOGU) In A Good Position To Deliver On Growth Plans?