Off-price retailers like TJX and Ross won't be slowing down any time soon — here's why
Publishing timestamp: 2024-05-26 08:00:01
Summary
TJX Companies and Ross Dress for Less are experiencing growth in sales as consumers seek deals and value due to inflation. The off-price retail sector is thriving, attracting shoppers from department stores and offering trusted brands at lower prices. Both companies have reported strong earnings and are expected to continue growing. Brands are increasingly viewing off-price retailers as growth channels, leading to better assortments and stronger vendor relationships.
Sentiment: POSITIVE
Tickers: KSS, ROST, TJX, M, DLTR, WMT, RL, NKE, ADS-DE,
Keywords: dollar tree inc, walmart inc, nike inc, breaking news: business, business news, kohls corp drn, ralph lauren corp, tjx companies inc, adidas ag, ross stores inc, barbara rentler, business, macy's inc, retail industry,
Source: https://www.cnbc.com/2024/05/26/tjx-and-ross-wont-be-slowing-down-anytime-soon-heres-why.html