Off-price retailers like TJX and Ross won't be slowing down any time soon — here's why
TJX(TJX) cnbc.com·2024-05-26 20:00
In this articleROSTTJXA T.J. Maxx store in Pasadena, California.Mario Anzuoni | ReutersOff-price retailers like TJX Companies and Ross are still posting sales gains and taking market share from rivals, but it's not just because consumers are under pressure and hunting for value. Persistent inflation and rising prices for essentials like food and gas have pushed shoppers to trade department stores like Macy's and Kohl's for discounters like TJ Maxx and Ross. But they've also become cooler places to shop, par ...