Associated Press
- T.J. Maxx and HomeGoods are benefiting from the struggles other retailers are facing, parent company TJX says.
- Store closures and slowdowns mean there's more, better inventory for TJX brands to choose from.
- TJX is also seeing an influx of customers as competing brands close stores nationwide.
As the retail world deals with slowing online sales and a wave of store closures, one company is reaping the benefits: TJX, the parent company of discount chains like T.J. Maxx and HomeGoods.
Not only are more shoppers turning to these lower-price stores, but the retailers are getting an influx of valuable inventory from their less-fortunate competitors.