New study parses consumer preferences in several retail categories.
TJX and Ross Stores said traffic gains in the second quarter contributed to increases in sales and comps.
Competing with fast fashion, the site offers speedy delivery.
The off-price channel will also benefit from closures of department store doors at the mall.
The off-price retailer’s ceo called the gains “respectable.”
Despite sales gains and plans to keep growing, Wall Street was expecting more from TJX.
Stock awards fell in fiscal 2016.
Not being able to duplicate the treasure hunt experience online is a plus for off-price retailers.
WWD graded U.S. retailers — from Nordstrom to Wal-Mart — on the basis of improvements in their sales, profits, expenses and inventory.
The off-price retailer posted a 43.5 percent jump in net income on 9.2 percent growth in sales for the year.