Turnarounds uncertain at Macy's, Kohl's, Nordstrom as department stores enter the holiday season [Yahoo! Finance Canada]
TJX Companies, Inc. (The) (TJX)
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Source: Yahoo! Finance Canada
America's malls are preparing for another Black Friday — but it's not the 2000s anymore with lines snaked around store entrances, and that has cast dark clouds over the sector's future. "The whole Christmas shopping experience is totally different now," says Morningstar analyst David Swartz , due to the likes of retail behemoths Amazon ( AMZN ), Walmart ( WMT ), and Target ( TGT Plus, off-price retailers such as Ross Stores ( ROST ) and TJX Companies ( TJX ) owned TJ Maxx and Marshall's, "are taking sales away from department stores constantly," Swartz added. Macy's ( M ), Kohl's ( KSS ), and Nordstrom ( JWN ) are fighting to stay in the game by closing lagging stores and pouring money into online operation. But, the legacy department stores have still fallen behind digitally and questions surround whether they'll remain public companies in the future amid evolving shopper patterns and high operating costs. The struggles are in the pudding, so to speak. Same-store sales d
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TJX
Earnings
- 11/20/24 - Beat
TJX
Sec Filings
- 12/12/24 - Form 4
- 12/12/24 - Form 4
- 12/12/24 - Form 4
- TJX's page on the SEC website