By  on September 25, 2017

Shares of Ross Stores Inc. and TJX Cos. Inc. hit their highest level in months after JPMorgan took a bullish stance on their growth prospects, saying the off-price sector has little to worry about from traditional retailers or even Amazon.

JPMorgan retail analyst Matthew Boss pointed to several areas where the off-price channel has the upper hand over other retailers, including a “robust” pipeline of merchandise and a retail real estate market looking at 10 or more years of store consolidation, along with an established customer base and prices at 20 percent to 60 percent below retail.

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