William Blair research analyst Dylan Carden was quoted in Business of Fashion, where he discussed how “off-price” retailers are proving resilient amid current market conditions.
“We suspect that while there is likely going to be some commentary on second-half uncertainty, TJX will continue to highlight the strength of the off-price model in all weather, and which becomes particularly valuable in bad weather where we expect an otherwise strong outlook relative to peers,” Carden wrote in a note to investors that was cited by the publication.