Specialty Retail

Home improvement, apparel, auto, electronics and other specialty store chains.

Companies

121

With a moat

20%

Average quality

4 wide moat · 20 narrow moat · 96 no moat · Open in screener →

Updated 27 Sep 2026

Specialty Retail covers home improvement, off-price, auto parts, beauty, home furnishings, electronics and other specialty store chains. MoatScope covers 122 companies here. Four have a wide moat, 20 a narrow moat and 98 none.

How the industry makes money

Retailers earn a margin on merchandise, so scale in purchasing, logistics and store networks decides who earns the most. Off-price chains such as TJX turn other retailers' excess inventory into bargains, while home-improvement and auto-parts chains serve professional customers who value availability and speed.

Where the moats are

Brands and store formats, counted as intangible assets, appear in 19 of the 24 moat-rated companies, and cost advantages in 14.

Home Depot and Lowe's: a national home-improvement duopoly, led by Home Depot, the largest home-improvement retailer in the world.
TJX: the leading off-price apparel and home-goods retailer, with buying scale few rivals can match.
O'Reilly Automotive: auto-parts stores serving both professional mechanics and do-it-yourself customers, where parts availability earns loyalty.

The narrow-moat group includes Ross Stores, AutoZone, Williams-Sonoma, Ulta Beauty, Casey's, Tractor Supply and Burlington. Companies without a moat include Best Buy and GameStop.

What wears moats down

Online competition keeps pressure on prices, home-improvement demand follows the housing market, and discretionary spending falls quickly when budgets tighten.

What to watch

Same-store sales and traffic.
Housing turnover and home-repair spending.
Online share of each category.

Moat ratings and quality scores on this page update as companies report. Price versus fair value for every company in the industry is in the screener.

Markets

MoatScope splits Specialty Retail into 6 markets. Each table ranks the businesses in one market by revenue and shows each one's share of the market's total: companies filed under this industry, the segments of companies filed elsewhere that compete in it, and the largest companies MoatScope doesn't cover, such as private companies and companies listed outside the US. Each market's total comes from a cited source and covers the geography its businesses compete in (a national market counts only US revenue). A company that runs several businesses is split by the segments it reports.

Home improvement & furnishings

Home improvement, farm and garden, furniture and home-goods stores.

US market · $618.3B total revenue in 2025 · source: U.S. Census Bureau. Shares are of the whole market, including companies MoatScope doesn't cover; company revenue is for the fiscal year closest to 2025.

#	Business	Market share	Revenue
1	HD · HOME DEPOT, INC.	24.6%	$152.0B
2	LOW · LOWES COMPANIES INC US revenue	13.9%	$86.2B
3	TSCO · TRACTOR SUPPLY CO /DE/	2.5%	$15.5B
4	WSM · WILLIAMS SONOMA INC	1.3%	$7.8B
5	FND · Floor & Decor Holdings, Inc.	0.8%	$4.7B
6	SGI · SOMNIGROUP INTERNATIONAL INC. Mattress Firm · filed under Household Durables & Leisure Products	0.6%	$3.5B
7	RH · RH	0.6%	$3.4B
8	ARHS · Arhaus, Inc.	0.2%	$1.4B
9	LESL · Leslie's, Inc.	0.2%	$1.2B
10	HVT-A · HAVERTY FURNITURE COMPANIES INC	0.1%	$759M
	All other companies	55.2%	$341.5B

Auto, RV & boat dealers

New and used car, RV and boat dealerships.

US market · $1.52T total revenue in 2025 · source: U.S. Census Bureau. Shares are of the whole market, including companies MoatScope doesn't cover; company revenue is for the fiscal year closest to 2025.

#	Business	Market share	Revenue
1	LAD · LITHIA MOTORS INC US revenue	1.9%	$29.6B
2	AN · AUTONATION, INC.	1.8%	$27.6B
3	KMX · CARMAX INC	1.7%	$25.9B
4	GPI · GROUP 1 AUTOMOTIVE INC	1.5%	$22.6B
5	CVNA · CARVANA CO.	1.3%	$20.3B
6	PAG · PENSKE AUTOMOTIVE GROUP, INC. US revenue	1.3%	$19.6B
7	ABG · ASBURY AUTOMOTIVE GROUP INC	1.2%	$18.0B
8	SAH · SONIC AUTOMOTIVE INC	1.0%	$15.2B
9	RUSHB · RUSH ENTERPRISES INC \TX\ Truck dealerships · filed under Distributors & Equipment Rental	0.5%	$7.4B
10	CWH · Camping World Holdings, Inc.	0.4%	$6.4B
	All other companies	86.9%	$1.32T

Auto parts stores

Auto parts and service chains.

US market · $136.6B total revenue in 2025 · source: U.S. Census Bureau. Shares are of the whole market, including companies MoatScope doesn't cover; company revenue is for the fiscal year closest to 2025.

#	Business	Market share	Revenue
1	ORLY · O REILLY AUTOMOTIVE INC	13.0%	$17.8B
2	AZO · AUTOZONE INC US revenue	12.2%	$16.7B
3	AAP · ADVANCE AUTO PARTS INC US revenue	6.1%	$8.3B
4	IEP · ICAHN ENTERPRISES L.P. Automotive · filed under Conglomerates & Holding Companies	1.0%	$1.4B
5	MNRO · MONRO, INC.	0.8%	$1.2B
6	PRTS · CarParts.com, Inc.	0.4%	$548M
7	ALDS · APPlife Digital Solutions Inc	<0.1%	$1M
8	FFLO · Free Flow USA, Inc.	<0.1%	$1M
	All other companies	66.4%	$90.7B

Apparel, footwear & department stores

Clothing, shoe, off-price and department stores.

US market · $358.6B total revenue in 2025 · source: U.S. Census Bureau. Shares are of the whole market, including companies MoatScope doesn't cover; company revenue is for the fiscal year closest to 2025.

#	Business	Market share	Revenue
1	TJX · TJX COMPANIES INC /DE/	16.8%	$60.4B
2	ROST · ROSS STORES, INC.	6.3%	$22.8B
3	M · Macy's, Inc.	6.3%	$22.6B
4	KSS · KOHLS Corp	4.3%	$15.5B
5	GAP · GAP INC	4.3%	$15.4B
6	BURL · Burlington Stores, Inc.	3.2%	$11.6B
7	DDS · DILLARD'S, INC.	1.8%	$6.3B
8	URBN · URBAN OUTFITTERS INC	1.7%	$6.2B
9	VSXY · Victoria's Secret & Co. US revenue	1.5%	$5.4B
10	AEO · AMERICAN EAGLE OUTFITTERS INC US revenue	1.3%	$4.6B
	All other companies	44.7%	$160.4B

Fuel & convenience retail

Gas stations and convenience stores.

US market · $620.1B total revenue in 2025 · source: U.S. Census Bureau. Shares are of the whole market, including companies MoatScope doesn't cover; company revenue is for the fiscal year closest to 2025. US gas-station sales, fuel and in-store (Census).

#	Business	Market share	Revenue
1	BRK.B · BERKSHIRE HATHAWAY INC Pilot · filed under Conglomerates & Holding Companies	6.8%	$42.2B
2	MUSA · Murphy USA Inc.	3.1%	$19.4B
3	CASY · CASEYS GENERAL STORES INC	2.8%	$17.6B
4	ARKO · ARKO Corp.	1.2%	$7.6B
5	VVV · VALVOLINE INC US revenue	0.3%	$1.7B
6	PARR · PAR PACIFIC HOLDINGS, INC. Retail · filed under Integrated Oil, Refining & Marketing	<0.1%	$577M
	All other companies	85.6%	$531.0B

Electronics, sporting, beauty & other

Electronics, sporting goods, beauty, pet, jewelry, books, hobby and other specialty chains.

US market · $430.0B total revenue in 2025 · source: U.S. Census Bureau. Shares are of the whole market, including companies MoatScope doesn't cover; company revenue is for the fiscal year closest to 2025.

#	Business	Market share	Revenue
1	BBY · BEST BUY CO INC US revenue	8.9%	$38.3B
2	DKS · DICK'S SPORTING GOODS, INC.	3.3%	$14.1B
3	ULTA · Ulta Beauty, Inc.	2.9%	$12.4B
4	BBWI · Bath & Body Works, Inc.	1.7%	$7.3B
5	SIG · SIGNET JEWELERS LTD	1.6%	$6.8B
6	ASO · Academy Sports & Outdoors, Inc.	1.4%	$6.1B
7	WOOF · Petco Health & Wellness Company, Inc.	1.4%	$6.0B
8	GME · GameStop Corp.	0.8%	$3.6B
9	SBH · Sally Beauty Holdings, Inc. US revenue	0.7%	$3.0B
10	EYE · National Vision Holdings, Inc.	0.5%	$2.0B
	All other companies	73.8%	$317.2B

Companies

Company	Moat	Quality	Market
HD HOME DEPOT, INC.	Wide	60	Home improvement & furnishings + 1 other market	24.6%	$309.2B
TJX TJX COMPANIES INC /DE/	Wide	62	Apparel, footwear & department stores	16.8%	$162.1B
LOW LOWES COMPANIES INC	Wide	63	Home improvement & furnishings	13.9%	$109.9B
ROST ROSS STORES, INC.	Narrow	66	Apparel, footwear & department stores	6.3%	$76.2B
ORLY O REILLY AUTOMOTIVE INC	Wide	67	Auto parts stores	13.0%	$72.1B
CVNA CARVANA CO.	Narrow	42	Auto, RV & boat dealers	1.3%	$64.6B
AZO AUTOZONE INC	Narrow	62	Auto parts stores	12.2%	$50.6B
WSM WILLIAMS SONOMA INC	Narrow	65	Home improvement & furnishings	1.3%	$29.4B
CASY CASEYS GENERAL STORES INC	Narrow	54	Fuel & convenience retail	2.8%	$25.6B
ULTA Ulta Beauty, Inc.	Narrow	63	Electronics, sporting, beauty & other	2.9%	$25.3B
BBY BEST BUY CO INC	None	42	Electronics, sporting, beauty & other	8.9%	$19.1B
TSCO TRACTOR SUPPLY CO /DE/	Narrow	57	Home improvement & furnishings	2.5%	$17.1B
BURL Burlington Stores, Inc.	Narrow	57	Apparel, footwear & department stores	3.2%	$16.5B
PAG PENSKE AUTOMOTIVE GROUP, INC.	Narrow	44	Auto, RV & boat dealers	1.3%	$13.9B
GME GameStop Corp.	None	29	Electronics, sporting, beauty & other	0.8%	$13.3B
DKS DICK'S SPORTING GOODS, INC.	Narrow	49	Electronics, sporting, beauty & other + 1 other market	3.3%	$12.8B
DDS DILLARD'S, INC.	None	57	Apparel, footwear & department stores + 1 other market	1.8%	$10.4B
MUSA Murphy USA Inc.	Narrow	49	Fuel & convenience retail	3.1%	$10.0B
GAP GAP INC	Narrow	51	Apparel, footwear & department stores	4.3%	$8.3B
URBN URBAN OUTFITTERS INC	None	45	Apparel, footwear & department stores	1.7%	$7.4B
KMX CARMAX INC	Narrow	37	Auto, RV & boat dealers	1.7%	$7.3B
VSXY Victoria's Secret & Co.	None	30	Apparel, footwear & department stores	1.5%	$7.2B
ANF ABERCROMBIE & FITCH CO /DE/	None	52	Apparel, footwear & department stores	1.1%	$6.9B
LAD LITHIA MOTORS INC	None	27	Auto, RV & boat dealers	1.9%	$6.4B
M Macy's, Inc.	None	36	Apparel, footwear & department stores	6.3%	$6.2B
AN AUTONATION, INC.	None	28	Auto, RV & boat dealers	1.8%	$5.3B
FND Floor & Decor Holdings, Inc.	Narrow	45	Home improvement & furnishings	0.8%	$4.7B
BBWI Bath & Body Works, Inc.	Narrow	63	Electronics, sporting, beauty & other	1.7%	$4.0B
CSANY Cosan S.A.	—	36	Auto, RV & boat dealers	—	$3.9B
VVV VALVOLINE INC	Narrow	42	Fuel & convenience retail	0.3%	$3.9B
BOOT Boot Barn Holdings, Inc.	Narrow	58	Apparel, footwear & department stores	0.6%	$3.6B
ASO Academy Sports & Outdoors, Inc.	None	44	Electronics, sporting, beauty & other	1.4%	$3.6B
SIG SIGNET JEWELERS LTD	None	40	Electronics, sporting, beauty & other	1.6%	$3.6B
WRBY Warby Parker Inc.	Narrow	43	Electronics, sporting, beauty & other	0.2%	$3.1B
ABG ASBURY AUTOMOTIVE GROUP INC	None	37	Auto, RV & boat dealers	1.2%	$3.1B
AEO AMERICAN EAGLE OUTFITTERS INC	None	35	Apparel, footwear & department stores	1.3%	$3.0B
GPI GROUP 1 AUTOMOTIVE INC	None	34	Auto, RV & boat dealers	1.5%	$2.9B
AAP ADVANCE AUTO PARTS INC	None	21	Auto parts stores	6.1%	$2.6B
KSS KOHLS Corp	None	34	Apparel, footwear & department stores	4.3%	$2.4B
BKE BUCKLE INC	None	59	Apparel, footwear & department stores	0.4%	$2.4B
RH RH	Narrow	44	Home improvement & furnishings	0.6%	$2.2B
SAH SONIC AUTOMOTIVE INC	None	31	Auto, RV & boat dealers	1.0%	$2.0B
SVV Savers Value Village, Inc.	None	29	Electronics, sporting, beauty & other	0.2%	$1.5B
SBH Sally Beauty Holdings, Inc.	None	43	Electronics, sporting, beauty & other	0.7%	$1.5B
ARHS Arhaus, Inc.	None	37	Home improvement & furnishings	0.2%	$1.5B
EYE National Vision Holdings, Inc.	None	34	Electronics, sporting, beauty & other	0.5%	$1.4B
REAL TheRealReal, Inc.	None	22	Electronics, sporting, beauty & other	0.2%	$1.3B
HZO MARINEMAX INC	None	26	Auto, RV & boat dealers	0.1%	$1.1B
WINA WINMARK CORP	Narrow	76	Electronics, sporting, beauty & other	<0.1%	$1.1B
WOOF Petco Health & Wellness Company, Inc.	None	23	Electronics, sporting, beauty & other	1.4%	$759M
YJ Yunji Inc.	None	17	Electronics, sporting, beauty & other	<0.1%	$729M
GRPN Groupon, Inc.	None	23	Electronics, sporting, beauty & other	0.1%	$686M
CWH Camping World Holdings, Inc.	None	24	Auto, RV & boat dealers	0.4%	$456M
ARKO ARKO Corp.	None	30	Fuel & convenience retail	1.2%	$452M
BNED Barnes & Noble Education, Inc.	None	30	Electronics, sporting, beauty & other	0.4%	$447M
HVT-A HAVERTY FURNITURE COMPANIES INC	None	42	Home improvement & furnishings	0.1%	$440M
CAL CALERES INC	None	31	Apparel, footwear & department stores	0.8%	$440M
MNRO MONRO, INC.	None	35	Auto parts stores	0.8%	$431M
TMS Teamshares Inc	None	9	Electronics, sporting, beauty & other	—	$411M
CTRN Citi Trends Inc	None	18	Apparel, footwear & department stores	0.2%	$408M
GCO GENESCO INC	None	37	Apparel, footwear & department stores	0.7%	$395M
SHOE SHOE CARNIVAL INC	None	40	Apparel, footwear & department stores	0.3%	$368M
JILL J.Jill, Inc.	None	41	Apparel, footwear & department stores	0.2%	$360M
EVGO EVgo Inc.	None	16	Electronics, sporting, beauty & other	<0.1%	$333M
ELA Envela Corp	None	40	Electronics, sporting, beauty & other	<0.1%	$311M
DBI Designer Brands Inc.	None	23	Apparel, footwear & department stores	0.7%	$309M
BBW BUILD-A-BEAR WORKSHOP INC	None	55	Electronics, sporting, beauty & other	0.1%	$297M
LE LANDS' END, INC.	None	28	Apparel, footwear & department stores	0.3%	$285M
SGLA Sino Green Land Corp.	None	6	Electronics, sporting, beauty & other	<0.1%	$258M
PTNM Pitanium Ltd	None	23	Electronics, sporting, beauty & other	<0.1%	$230M
CURV Torrid Holdings Inc.	None	25	Apparel, footwear & department stores	0.3%	$224M
NEGG Newegg Commerce, Inc.	None	20	Electronics, sporting, beauty & other	0.3%	$223M
ZUMZ Zumiez Inc	None	32	Apparel, footwear & department stores	0.2%	$218M
RDNW RideNow Group, Inc.	None	17	Electronics, sporting, beauty & other	0.3%	$191M
FLWS 1 800 FLOWERS COM INC	None	19	Electronics, sporting, beauty & other	0.4%	$173M
HTLM HomesToLife Ltd	None	38	Home improvement & furnishings	—	$170M
ONEW OneWater Marine Inc.	None	20	Auto, RV & boat dealers	0.1%	$156M
DLTH DULUTH HOLDINGS INC.	None	23	Apparel, footwear & department stores	0.2%	$152M
TLYS TILLY'S, INC.	None	14	Apparel, footwear & department stores	0.2%	$142M
TTSH TILE SHOP HOLDINGS, INC.	None	29	Home improvement & furnishings	<0.1%	$82M
WBUY WEBUY GLOBAL LTD	None	14	Electronics, sporting, beauty & other	<0.1%	$80M
UXIN Uxin Ltd	None	15	Auto, RV & boat dealers	—	$70M
WNW Meiwu Technology Co Ltd	None	22	Electronics, sporting, beauty & other	<0.1%	$70M
BARK Bark, Inc.	None	23	Electronics, sporting, beauty & other	<0.1%	$67M
PRTS CarParts.com, Inc.	None	19	Auto parts stores	0.4%	$64M
RENT Rent the Runway, Inc.	None	19	Electronics, sporting, beauty & other	<0.1%	$63M
PEW GrabAGun Digital Holdings Inc.	None	23	Electronics, sporting, beauty & other	<0.1%	$55M
CATO CATO CORP	None	18	Apparel, footwear & department stores	0.2%	$46M
SPWH SPORTSMAN'S WAREHOUSE HOLDINGS, INC.	None	19	Electronics, sporting, beauty & other	0.3%	$41M
NAAS NaaS Technology Inc.	None	14	Electronics, sporting, beauty & other	<0.1%	$38M
DXLG DESTINATION XL GROUP, INC.	None	21	Apparel, footwear & department stores	0.1%	$27M
PLCE Childrens Place, Inc.	None	13	Apparel, footwear & department stores	0.4%	$25M
SRXH SRx Health Solutions, Inc.	None	16	Electronics, sporting, beauty & other	<0.1%	$23M
TLF TANDY LEATHER FACTORY INC	None	30	Electronics, sporting, beauty & other	<0.1%	$19M
STCB Starco Brands, Inc.	None	33	Electronics, sporting, beauty & other	—	$17M
PSPX Pacific Sports Exchange Inc.	None	3	Electronics, sporting, beauty & other	<0.1%	$14M
BRLT Brilliant Earth Group, Inc.	None	33	Electronics, sporting, beauty & other	<0.1%	$14M
FFLO Free Flow USA, Inc.	None	12	Auto parts stores	<0.1%	$11M
CRMT AMERICAS CARMART INC	None	29	Auto, RV & boat dealers	<0.1%	$9M
TKLF Tokyo Lifestyle Co., Ltd.	None	26	Electronics, sporting, beauty & other	—	$7M

Showing the 100 largest of 121.

Market share is a company's revenue in its main market (Market column) as a share of that market's total: every company in it, including private companies and companies listed outside the US (sources under each market above). Revenue is for the fiscal year closest to 2025, and a market that is national (such as US banking) counts only US revenue. Companies that run several businesses are split by the segments they report, and each segment counts in its own market. A dash means the market has no reliable total yet, or no revenue was reported for that year.

Price versus fair value for every company is in the screener.

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