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Opinion
Sarah Halzack

TJX and the Art of Surviving Retail Armageddon

The owner of T.J. Maxx and Marshalls delivers another strong quarter by playing to its strengths.

The thrill of the hunt.

The thrill of the hunt.

Photographer: Victor J. Blue/Bloomberg

The more things change, the more things stay the same. Or, at least, such has been the case for TJX Cos. — and it’s a good thing.

The retail empire that includes discount chains T.J. Maxx, Marshalls and HomeGoods reported on Tuesday that comparable sales increased a robust 6 percent in the latest quarter over a year earlier. This kind of solid performance has been typical for TJX for several years now, even as many of its old-school brick-and-mortar counterparts have delivered patchy or downright lousy results as they adjust to the transformation brought on by the rise of e-commerce and fast fashion.