At a time when e-commerce is rapidly growing, many retailers around the globe are closing up shop. One retailer, however, seems to be outlasting the online trend. TJ Companies (NYSE:TJX), the owner of TJ Maxx, Marshalls and HomeGoods, is still keeping the faith in its in-store shoppers. So far, this strategy seems to be working.
As reported by Suzanne Kapner of the Wall Street Journal, TJX's "annual sales exceed those of Nordstrom (NYSE: JWN) and J.C. Penney Co. (NYSE: JCP) combined." While stores in the retail industry, including the once dominant Macy's (NYSE: M) are feeling the wrath of online retailer Amazon (NASDAQ: AMZN), TJX is hoping to expand to 5,600 stores in the near future.
