Why You Should Consider This Underrated Retail Winner
Everyone loves a good bargain, feeling the joy of a big "score," or buying something you believe is worth more than you paid for it. It's this feeling that has helped TJX Companies (NYSE: TJX) continue to thrive despite disruptive competition from e-commerce companies over the past 20 years.
Be careful not to overlook this underrated retail winner for your portfolio. TJX Companies has done well over the years and is likely to continue growing for years to come.
TJX Companies is an off-price retail company that owns store brands including T.J. Maxx, Marshalls, and HomeGoods. These stores are found in the U.S., Canada, Europe, and Australia and generate more than $48 billion in annual revenue. The company buys merchandise that manufacturers are trying to offload and then resells it in its stores at low prices.
Source Fool.com
