Business Insider/Mary Hanbury
- Discount stores such as TJ Maxx and Ross Stores are known to be one of the few bright spots in retail.
- Price-conscious consumers flock to these stores for the treasure hunt experience putting pressure on other brick and mortar stores.
- As more stores close down – off-price retailers are also able to lure in new vendors.
Off-price stores such as TJ Maxx and Ross are not only poaching customers from department stores, they are luring in their suppliers.
In its most recent quarterly results, TJX, the parent company of TJ Maxx, which also owns Marshall’s and Home Goods, said that inventory levels were up 17%. See the rest of the story at Business Insider
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