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Off Price Retailers

All articles tagged with #off price retailers

retail1 year ago•7 min saved

"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.

via CNBC|

#consumer-behavior #inflation #off-price-retailers

business2 years ago•2 min saved

TJX Companies Outperform Target as Shoppers Flock to Discounted Retailers

TJX Companies, the parent company of T.J. Maxx, Marshalls, and HomeGoods, reported an 8% increase in sales and a 23% rise in profits for its fiscal second quarter. The company raised its full-year outlook, citing high customer traffic and a surplus of premium merchandise obtained from retailers looking to offload excess inventory. In contrast, Target reported a decline in sales of discretionary items like clothing and home decor, and lowered its full-year forecast due to consumer pressure from high inflation. TJX's success can be attributed to cash-strapped consumers seeking deals and splurging on name brands and home goods at off-price retailers.

via CNBC|

#business #consumer-spending #off-price-retailers