This week we'll hear from J.C. Penney (JCP) and TJX on Tuesday, among others, with Target (TGT) reporting Wednesday. More than one analyst believes that TJX could be the retail winner this earnings season.
For the July-ending quarter, the Framingham, Mass.-based company is expected to report quarterly earnings growth of 13% to 63 cents a share. Revenue is expected by analysts to climb 7% to $6.37 billion, according to Thomson Reuters.Also see: Wal-Mart Disappoints On Earnings, Kohl's Profit Slips Also see: Nordstrom: Earnings Beat, Revenue Misses Given the current tough environment for apparel buying, as evidenced by softer sales from retailers that cater to both high and low-end consumers, TJX could possibly be the exception, as the parent company of the T.J. Maxx, Marshalls and HomeGoods chains, with its 2012 e-commerce acquisition of Sierra Trading Post, is one the best positioned retailers right now, according to more than one analyst. "They're sitting pretty because the focus on fashion is real value. And they have HomeGoods as well as a home section in the Marshalls and T.J. Maxx and that has been an area that has been strong and will continue to be strong," says retail analyst Marie Driscoll of Driscoll Advisors. Wal-Mart targets the "low-income customer where things really have hit them," Driscoll says. "T.J. Maxx has consumers all over the spectrum, so they're consumer profile I would say is middle America, maybe even a