TJX is a brilliant company with 21 years of consecutive same store growth. There is little sign that that growth is reducing.
Management plan to increase store count by almost 50% from 3,800 to 5,600 with 260 new stores planned for 2017. Its also developing its successful HomeSense stores, loyalty cards and ecommerce.
The current SP and PE would suggest a company that is approaching maturity and the end of its growth era. Or perhaps it just got caught up in the recent retail sell off.
However that presents an opportunity for investors as TJX has years of growth ahead and is nothing like the other bricks and mortar retailers.
The TJX model is easily understood and well documented with customers enjoying the experience of finding bargains at low prices while other retail and ecommerce is unable to compete on price.
But with loyal customers, well established supplier relationships, expert buyers and strong reputation the business is less easily copied and, with the exception of Ross Stores, there is little competition.
This is not a recommendation to buy or sell. Stocks are not suitable for all investors. Please do your own research.
Submitted October 15, 2017 at 08:36AM by InterestingNews1 http://ift.tt/2zpNX6a
