When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
TJX - Stage Stores: A Tremendous Turn-Around Still In The Early Innings
TJX Companies Inc.
Stage Stores (SSI), a department store chain is in the midst of a complete transition to the off-price model which should be completed by the end of Q3 2020.
We know from other off-price store chains like TJX (TJX) and Ross Group (ROST) that these off-price chains have a habit of:
Growing faster
Generating higher margins and profits
Have faster inventory turns
Require less OpEx
It's been a bit of puzzle for investors whether this will hold for Stage Store as well, first off, investors seem to think so, given their