Sunday, June 29, 2014

Don't Give up on Ross Stores and TJX Companies Just Yet

t's been a difficult couple of quarters for off-price retailers like TJX  and Ross Stores with a combination of extreme bad weather and a tough retail environment causing sluggish sales growth. The question going forward is whether this is just a temporary, weather-related phenomenon or the start of a downtrend.

TJX and Ross Stores report
Ross Stores and TJX have both reported and given disappointing sales growth figures. A chart of their comparable same-store sales figures (adjusted to fit the calendar year) demonstrates that they tend to follow each other and that the last two quarters have been difficult.

Source: TJX Companies and Ross Stores Presentation