Shelly Banjo, Columnist

T.J. Maxx's Star Fades

Sales growth is slowing, while management blames the weather.

May 16, 2017 at 5:58 PM UTC

Shelly Banjo leads the global business team for Bloomberg News in New York. A former New York bureau chief and senior tech writer, she’s covered business, finance and economics for two decades.

1494958104_GettyImages-589724638 — Photographer: Daniel Acker

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Even retail's sweet spot is turning sour.

TJX Cos., the operator of TJ Maxx and Home Goods stores, on Tuesday reported first-quarter sales that fell short of forecasts. This surprised analysts who had expected the off-price chain to defy the struggles of the broader retail industry. Shares fell 5 percent in reaction to the company's first sales miss since the first quarter of 2014.