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As millions lose weight on GLP-1s, they're starting to turn to retailers to refresh their wardrobes VIDEO 2:30 02:30 Millions of Americans are losing weight with GLP-1s. Here's how that's ...

TJX Companies, Inc. (The) (TJX) 
Last tjx companies, inc. (the) earnings: 2/26 08:00 am Check Earnings Report
US:NYSE Investor Relations: investor.tjx.com
Company Research Source: CNBC
Apparel retailers could see an up to $13 billion annual boost in spending because of GLP-1 drugs, according to an estimate by equity research firm Bernstein. Some of the biggest beneficiaries could be off-price retailers like T.J. Maxx, discounters like Walmart and Target and bespoke retailers like Stitch Fix or Rent the Runway, said Aneesha Sherman, lead analyst covering U.S. apparel and specialty retail for Bernstein. In this article Michelle Suter has worn mostly big and baggy clothing for years. The 63-year-old retiree who lives in a suburb of St. Louis, Missouri gave away her favorite sundresses and other form-fitting outfits, thinking she'd never be those smaller sizes again. Now, after losing about 28 pounds while taking GLP-1 drug Wegovy, she said she has started to dream of her new wardrobe. “That's part of the excitement — to wear things that are new and fit rather than old clothes that you can tie the drawstring tighter,” she said. Michelle Suter, a retiree who Show less Read more
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