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Where Will TJX Companies Be in 5 Years?

TheMotleyFool

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Where Will TJX Companies Be in 5 Years?Photo, wide shot, wide-angle lens, Restaurant, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/6d1f34ee-79e7-4628-b30f-0a4597808d61.png

TJX Companies (NYSE: TJX) -- the off-price retailer that owns TJ Maxx, Marshalls, HomeGoods, HomeSense, and Sierra Trading Post -- has fared better than many of its brick-and-mortar peers in recent years.

The company buys liquidated inventories from struggling retailers at rock-bottom prices, passes the savings on to its customers, and frequently refreshes its inventory to keep shoppers interested. This formula generated 24 straight years of comparable-store sales growth and easily weathered three recessions, the rise of Amazon, and the "retail apocalypse" that started ten years ago.

Image source: Getty Images.

Source Fool.com

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