Shelly Banjo, Columnist

Home Is Sweet for Home Depot, T.J. Maxx

A housing rebound lifts some retailers out of the industry doldrums.

May 17, 2016 at 5:47 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.

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Contrary to popular belief, Amazon is not the only retailer racking up sales these days.

Stellar earnings reports from retail superstars Home Depot and T.J. Maxx parent TJX Cos. on Tuesday served as a reminder that consumers do want to shop, they're just being choosy about where they go. And so are investors: Shares in Home Depot and TJX are both up around 17 percent in the past year, compared to a 54 percent drop in Macy's shares during the same time.