The ongoing challenges for department stores, which extend back more than a decade, keep playing into the hands of off-price competitors, UBS said.
Despite woes at other retailers, TJX stands out as a resilient company well-equipped to avoid many of the industry's challenges.
TJX 1Y mountain TJX's stock performance over the past 12 months.
One factor keeping a lid on TJX's stock recently may be that it is trading close to its historical valuation, noted Chuck Grom, a consumer and retail analyst at Gordon Haskett.
On the other hand, spending at department stores fell 3.7% in March after a 5.2% decline in February, according to Bank of America.
Persons:
Jeff Marks, TJX, — TJX, Ernie Herrman, Chuck Grom, Gordon Haskett, Grom, TJX's, Corey Tarlowe, Tarlowe, Jim Cramer's, Jim Cramer, Jim, Jeff Greenberg
Organizations:
Companies, TJX Companies, Ross Stores, UBS, Burlington Stores, Nordstrom, Marshalls, Home Goods, CNBC, Loop, Jefferies, Bank of America, Universal, Getty
Locations:
Maxx, Port St Lucie , Florida