Here's a bright and booming sector within retail.
Off-price retailers — TJ Maxx owner TJX, Ross Stores and Burlington
— are expected to see incremental sales growth of $18 billion to $19
billion by 2021, according to JPMorgan. And that boost will primarily
stem from the demise of department store chains, analyst Matthew Boss
wrote in a Monday note to clients.
"We expect off-price will be the
primary beneficiary of this brick & mortar sales volume up for
grabs and benefit from the plethora of close-out merchandise for several
years," Boss said.. . . more