TJX Brands Outperform Traditional Retail

Dow Jones
Aug 18

1123 ET - Visits to T.J. Maxx and Marshalls during the recent quarter were generally in-line with last year's levels and comfortably outperformed traditional apparel's 3.5% year-over-year decline, according to a recent Placer.ai report. "Still, their softer momentum relative to Ross may point to some pullback in the more discretionary, treasure-hunt side of the off-price experience," the report says. The location-analytics firm notes that both T.J. Maxx and Marshalls skew toward higher-income shoppers and have somewhat higher price points, potentially leaving them more exposed when consumers rein in discretionary spending. Higher gas prices may have also weighed on store visits, Pacer.ai says, prompting more consumers to skip the drive and shop online. TJX is scheduled to report earnings ahead of Wednesday's opening bell.

 

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