TJX Companies

In fiscal 2014, Nordstrom’s operating margins declined by another 9.8% on the heels of a 10.8% decline in fiscal 2013.

TJX Companies (TJX) will announce its results for the second quarter of fiscal 2016 on August 18. The second quarter ended on August 1, 2015.

Macy’s (M) operating margins declined to 6.6% in 1Q15—ending May 2, 2015—from 7.1% in the same quarter last year. The operating income declined by 7.7%.

Burlington Stores stock was up 8.4% as of 11:15 AM EST today in reaction to better-than-expected results for the first quarter, which ended on May 5.

Following the strong results in fiscal 2Q17, TJX Companies raised its earnings outlook for fiscal 2017. TJX expects its fiscal 2017 EPS to be in the $3.39–$3.43 range.

Major off-price retailers have strong margins supported by lean operating models, efficient inventory management, and strong vendor relationships.

In the first six months of fiscal 2016, HomeGoods accounted for 12.2% of the consolidated net sales of TJX Companies. That’s up from 11.2% in the comparable period of the previous year.

Ross Stores and Burlington Stores stocks have risen 8.9% and 1.2%, respectively, on a year-to-date basis as of January 14.

Ross Stores, which falls in the moderate off-price space, does not seem to be keen on expanding its e-commerce business and does not have an online store.

TJX Companies’ HomeGoods segment reported strong same-store sales growth of 6%. The segment’s net sales grew by 12.8% to $959.8 million in 3Q16.

In 2Q15, Nordstrom Rack store sales increased by 12.9% to $857 million from the comparable quarter of the previous year.

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Burlington Stores (BURL) beat analysts’ earnings expectations in the first three quarters of fiscal 2019. Here’s what to expect in 2020.

Off-price retailers emerged as consistent performers in the retail space. The stock of Ross Stores (ROST) and TJX Companies (TJX) surged 38.8% and 34.9%

UA’s product, marketing, and sales teams each play an active role in the design process. This collaboration helps control brand and product consistency.

Target opened 15 new stores in fiscal 2016. Its same-store sales rose 2.1%, with customer traffic at stores up 1.3%.

Yesterday, Macy’s (M) stock fell 10.9% after department store peer Kohl’s (KSS) announced weak third-quarter results and shared a gloomy outlook.

TJX Companies (TJX) reported better-than-expected earnings results for the third quarter of fiscal 2020, which ended on November 2.

While several retailers and department stores are closing down stores amid intense competition from online retailers, off-price retailers TJX Companies and Ross Stores (ROST) see a tremendous opportunity to grow their store base.

Margins of both TJX Companies (TJX) and Ross Stores (ROST) have been under pressure due to higher freight costs and wages.

Burlington Stores (BURL) is taking several initiatives to deliver continued strong sales growth rates in a challenging market.

Despite a rough retail environment, off-price retailers TJX Companies (TJX), Ross Stores (ROST), and Burlington Stores (BURL) have been delivering strong sales growth. In this series, we’ll compare their margins, stock price movements, and analyst recommendations.

Headquartered in Tennessee, Dollar General (DG) is the largest discount store retailer in the United States in terms of total sales.

Nordstrom’s off-price Rack business continued to display strength in fiscal 2Q16 ended July 30, 2016.

TJX Companies’ (TJX) gross margin in fiscal 1Q17 rose by 50 basis points on a year-over-year basis to 28.8%.

Aside from operating full-line upscale stores, Nordstrom also conducts off-price business through its Nordstrom Rack stores and off-price digital channels.

The US business of TJX Companies consists of 1,156 T.J. Maxx stores, 1,007 Marshalls stores, 526 HomeGoods stores, and eight Sierra Trading Post stores.

Burlington has been focusing on opening smaller stores. The average size of the new stores opened in 2013 and 2014 was a little over 60,000 square feet.

Burlington Stores targets the value-conscious, middle-class consumer. The number of customers making purchases at the company’s stores is large.

Burlington Stores derives its revenue from the sale of value-priced apparel, coats, and family footwear, baby furniture, accessories, home décor, and gifts.

Burlington follows an EDLP model, which helps customers get up to 60–70% savings off prices of similar merchandise in department and specialty stores.

Kohl’s sells private label merchandise as well as national brands. The company purchases merchandise from several domestic and foreign suppliers.

Ross Stores’ inventory management system is supported by its strong supplier relationships and the strategic location of its buying offices.

2Q15 marked the 26th consecutive quarter of positive same-store sales growth for Ross Stores. Its last fall in same-store sales growth was in the 4Q08.

In fiscal 2014, women’s apparel accounted for 29% of Ross Stores’ sales of $11 billion. Home accents is also a key category at 24% of total sales.

Ross Stores operates under two trademarks: Ross Dress for Less and dd’s DISCOUNTS. There are 1,259 Dress for Less and 165 dd’s DISCOUNTS stores in the US.

In March, Nordstrom announced the opening of its second international location in Canada. Nordstrom plans to open six Canadian stores through 2017.

Among TJX Companies’ business segments, Marmaxx is the largest with 2,094 stores under the T.J. Maxx and Marshalls brands, and 64.3% of net sales.

The growth in TJX Companies’ same-store sales slowed down in fiscal 2015, growing by 2.0% compared to 3.0% in fiscal 2014.

TJX Companies (TJX) has a very efficient internally developed inventory management system that helps the company ensure the proper flow of merchandise.

Department stores like Macy’s (M) are focusing on improving their inventory management so as to maintain the optimal level of inventory, bring down costs, and avoid stock-outs.

Nordstrom is an upscale department store that competes with other high-end stores. However, not all of Nordstrom’s target customers are high-end shoppers.

Macy’s target consumers include Millennials. The company launched collections aimed at Millennials, including QMack, Maison Jules, and Bar III Carnaby.