Tuesday, September 26, 2017

Amazon can't compete with off-price retailers, JPMorgan says

Image result for tj maxxHere'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

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