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.
Penelope Cruz wows in a strapless white @chanelofficial feather dress. She is nominated for Best Movie/Limited Series Supporting Actress for The Assassination of Gianni Versace: American Crime Story. #Emmys
Take a peek into Gucci's new Instagram account (@guccibeauty), which is guided by Creative Director Alessandro Michele’s vision of beauty. In typical Gucci fashion, the account already features a series of artworks spanning across history, ethnicity, culture and geography. It will showcase and promote its new cosmetic launches and fragrances as well as looks from the fashion shows and special collaborations with artists and talents. #wwdbeauty
Photographed by @delphachardphotos