ROST - 2 Discount Retailer Stocks That Could Make You a Millionaire
2024-05-28 07:11:00 ET
Investing in the right industries can significantly boost your portfolio's returns, and discount retail stores are a prime example. Affordable apparel and home goods may not sound like a moneymaking business idea, but there will always be solid demand for these goods. Sector leaders like Ross Stores (NASDAQ: ROST) and TJX Companies (NYSE: TJX) have stomped the broader market in the long run, and they seem well positioned for continued long-term growth.
Here's how these two discount retailer giants can help you reach that millionaire milestone in just a few decades.
Ross operates the largest off-price apparel and home fashion chain in the U.S., with 1,764 locations, offering name-brand and designer merchandise at 20% to 60% off department store prices. It also runs 345 dd's DISCOUNTS stores with moderately priced merchandise at 20% to 70% off.
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2 Discount Retailer Stocks That Could Make You a Millionaire