These two niche retailers have gains ahead

Article Excerpt

Many traditional bricks-and-mortar retailers will continue to struggle against the COVID-spurred onslaught of online shopping. Some will even go out of business. But we believe TJX’s and North West’s unique business niches offer you the possibility of strong gains ahead. THE TJX COMPANIES, $62.96, (New York symbol TJX; TSINetwork Rating: Above Average) (tjx.com; Shares o/s: 1.2 billion; Market cap: $74.0 billion; Yield: 1.9%), is a leading off-price retailer of clothing, accessories and home fashions. Off-price retailers purchase merchandise at below-wholesale prices and charge less than retail prices. In the U.S., TJX operates 1,290 T.J. Maxx locations, 1,157 Marshalls, 862 HomeGoods, 62 Sierra Trading Post and 40 HomeSense locations. In Canada, it has 295 Winners outlets, 150 HomeSense and 106 Marshalls stores. TJX also operates in Europe, with 626 TK Maxx and 77 Homesense stores; and in Australia, with 71 TK Maxx outlets. TJX’s revenue in the quarter ended July 30, 2022, fell 1.9%, to $11.84 billion from $12.08 billion a year earlier. U.S. comparable same-store sales…

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