Value-seeking consumers helped The TJX Cos. blow past Street estimates in its second quarter, with the chain posting strong sales increases across its divisions.
Although the economy is doing well and consumers have more money in their pockets, most Americans remain value conscious and still enjoy seeking out a bargain.
A Swedish giant took one of the top spots in an annual survey of consumers’ favorite home furnishings retailers while a specialty hardware store beat out its bigger box competitors in the home improvement category.
With off-price player like Marshalls, T.J. Maxx, and Ross Stores entrenched as favored anchors for shopping centers, traditional anchors like Macy’s are finding it harder than they imagined to get in on the act.
The nation’s leading off-price retailer reported better-than-expected sales in its first quarter fueled by a strong performance from T.J. Maxx and Marshalls.
Development of new retail space in the Chicagoland area this year will be less than a million square feet for the first time in more than three decades, according to a report from Mid-America Real Estate Corporation.
