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Stock impact report

Could off-price retailers start grabbing market share from each other? [Yahoo! Finance]

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: Yahoo! Finance
Off-price retailers have been plucking market share from mainstream retailers for years now. In recent weeks the three major off-price retail chains in the U.S. — TJX Cos., Ross and Burlington — posted another quarter of strong sales, margins and profits, and all three emphasized that they will continue to add to their store fleets. This has been a nightmare for department stores in particular, which have ceded both sales and EBIT dollars to off price for more than a decade, according to research last year from UBS analysts led by Jay Sole. As they bump up against each other in more markets, they could start grabbing market share from each other, too. At TJX Cos. Q4 net sales rose 9% year on year to $17.7 billion; at Ross sales in the period rose 12% to $6.6 billion ; and at Burlington total sales rose 11% to $3.6 billion . The brick-and-mortar expansion plans at all three suggest they see plenty of room for more growth. “You're going to see us — in a nice way, as we always t Show less Read more
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