Consumers may not be shopping at the mall this holiday season, particularly for apparel, but they are shopping at off-price retailers like T.J. Maxx and home decor stores like HomeGoods.
TJX, the parent company to those two brands as well as Marshall's, is positioned well. It is Citigroup analyst Oliver Chen's top defensive stock pick for the holidays."At TJX, we believe stronger holiday marketing efforts, consistent store traffic and sales growth, and increasing penetration into younger demographics following a shifting trend to mix and match fashion offer significant upside to
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