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Walmart shares soared more than 10 percent Thursday morning on the heels of the retailer reporting quarterly earnings and sales that topped analysts' expectations, fueled by growth online and robust grocery and apparel sales.
That means the company's stock value increased by $28 billion in one morning, bringing its total market cap to more than $293 billion. For comparison, e-commerce rival Amazon still has a market cap of more than $925 billion today. But there are still many retailers based in the U.S. — including Macy's and Best Buy — that have a stock value of less than $28 billion, or as much as Walmart racked up thanks to one strong earnings report.
CNBC looked at those retail stocks within the S&P 500 Retail ETF on Thursday morning and found 79 out of 89 of those companies to have market caps of less than $28 billion. Below is a list of 10 of those names, some of which might come as a surprise considering how many stores they have, or the fact that they are trying to compete with the ranks of Walmart and Amazon.
— CNBC's Tom Franck and Chris Hayes contributed to this reporting.
Grocery chain Kroger, which owns brands like Fred Meyer Stores and Ralphs, has a market cap of $24.1 billion. Its shares have climbed more than 30 percent over the past 12 months.
Electronics retailer Best Buy has a market cap of $21.7 billion. Its shares have risen more than 25 percent over the past 12 months.
Jeweler Tiffany has a market cap of $15.9 billion. Its shares have risen more than 43 percent over the past 12 months.
Clothing retailer Gap, which owns Old Navy and Athleta, has a market cap of $11.9 billion. Its shares have climbed more than 34 percent over the past 12 months.
Department store chain Macy's has a market cap of $10.8 billion. Its shares have rallied more than 75 percent over the past 12 months.
L Brands, the parent company of Victoria's Secret and Bath & Body Works, has a market cap of $8.9 billion. Its shares have fallen nearly 20 percent over the past 12 months.
Department store chain Nordstrom has a market cap of $8.7 billion. Its shares have climbed more than 16 percent over the past 12 months.
Dick's Sporting Goods has a market cap of $3.7 billion. Its shares have increased roughly 30 percent over the past 12 months.
Ascena Retail, parent company of brands like Ann Taylor, Dressbarn and Loft, has a market cap of $951 million. Its shares have rallied more than 130 percent over the past 12 months.
Department store chain J.C. Penney has a market cap of $588 million. Its shares have dropped nearly 50 percent over the past 12 months.