"Off-Price Retailers Thrive as Shoppers Seek Deals"

Off-price retailers like TJX Companies and Ross are thriving due to persistent inflation and rising prices for essentials, which have driven consumers to seek value. These retailers have also become more appealing to younger shoppers and are seen as growth channels by brands. Both companies reported better-than-expected fiscal first-quarter earnings, with TJX and Ross posting sales gains of 6% and 8%, respectively. The trend is expected to continue as consumers prioritize value, and brands increasingly partner with these retailers to reach a broad array of income levels.