Tuesday, July 31, 2018

Why Amazon can't touch Ross and TJMaxx

CNN Money
As department stores, specialty stores and big box retailers retrench, discount chains are growing.

Ross, a clothing and home decor chain, recently opened 30 stores and plans to add 70 more this year. It's aiming for 2,500 stores eventually, up from about 1,500 today.

TJX Companies, the parent of TJ Maxx, Marshalls, and HomeGoods, is opening 238 stores this year, and Burlington Stores is opening up to 40.. . . more