TJX is a beneficiary of trade-down spending as high gas prices pressure consumers; off-price retail behaves like a necessity, capturing both lower and upper-income shoppers.
Off-price retailers like TJX, Ross, and Burlington will benefit as consumers trade down due to elevated gas prices. Off-price behaves like a necessity and captures upper-income shoppers seeking value.
Off-price retailers like TJX, Ross, and Burlington will benefit as consumers trade down due to elevated gas prices. Off-price behaves like a necessity and captures upper-income shoppers seeking value.