POPULAR TJ MAXX RIVAL STUMBLES AS CUSTOMER BEHAVIOR SHIFTS
https://media.zenfs.com/en/thestreet_881/ff33f90a83202efc91f1f05cc70d6dbd
βοΈ Off-price retailers like TJMaxx and Burlington Stores are seeing a surge in foot traffic as consumers seek better deals amid stretched budgets and higher apparel prices.
π Off-price retailers like TJMaxx and Burlington Stores are seeing a surge in foot traffic π TJMaxx and Marshalls saw an 8.1% increase in customer visits in the third quarter π Burlington Stores saw a slower growth rate of 6.6% π The company's revenue rose 7.1% to $2.71 billion in Q3, but missed Wall Street estimates π The CEO attributed the disappointing performance to warm weather
-- #MonroeMilstein #ThomasKingsbury #MichaelO'Sullivan #NewJersey #China #Vietnam #Mexico #retail
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