Newscasts - Ross Stores, TJX shares are 'great opportunities,' says CIO

The TJX Companies

04/06/2025 21:50

Click the following link to watch video: https://share.newscasts.refinitiv.com/link?entryId=1_vcbo4ivz&referenceId=tag:reuters.com,2025:newsml_RW933904062025RP1_930&pageId=Newscasts
Source: 'Reuters - Business videos'

Description: Skyler Weinand, chief investment officer at Regan Capital, says discount retailers like Ross Stores and TJ Maxx parent TJX Cos present "great opportunities" for investors and believes their stocks will "continue to do well" thanks to short lead times and strong consumer demand.

Short Link: https://refini.tv/3FG1H3A

Video Transcript:

We continue to love off-price retailers. TJ Maxx and Ross Stores are this lower-end consumer trading up and being able to go in and get a Ralph Lauren, get a Calvin Klein, get decent merchandise at very low costs. And then you have your higher-end consumer that was going to Macy's or Nordstrom that's still able to go into a Ross Store and get the equivalent merchandise, and be able to find a deal, and that's what these stores are built on. They don't have long supply chains. They're buying their merchandise with only four to six weeks lead time versus if you're a Macy's or Nordstrom, you're putting in orders today for Christmas. So, you have these great opportunities and they've been doing great lately, Ross Stores and TJ Maxx, and they're going to continue to do well. These things are going to compound at incredible compounded annual growth rates for a very long time based on very high turnover, sourcing most of their merchandise here from United States importers and manufacturers and not being relying on these really long lead times of six to eight months that normal retailers are relying on.