Two retailers prospering in their niches

Article Excerpt

Many traditional bricks-and-mortar retailers have continued to struggle against the COVID-spurred onslaught of online shopping. Some may yet go out of business. But we believe the unique market niche of both TJX and North West offer you the possibility of strong gains ahead. THE TJX COMPANIES, $90.66, (New York symbol TJX; TSINetwork Rating: Above Average) (; Shares o/s: 1.1 billion; Market cap: $104.1 billion; Yield: 1.5%), 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 1,305 T.J. Maxx locations, 1,190 Marshalls, 907 HomeGoods, 83 Sierra Trading Post outlets and 49 HomeSense locations. In Canada, it has 299 Winners outlets, 154 HomeSense locations and 106 Marshalls stores. TJX also operates in Europe, with 636 TK Maxx and 79 Homesense stores; and in Australia, with 76 TK Maxx outlets. Overall revenue in the quarter ended July 29, 2023, rose 7.7%, to $12.76 billion from $11.84 billion a..