Research Briefing: Off-price retail outperformed traditional retail for 2024 holiday shopping

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In this edition of the Glossy+ Research Briefing, we analyze TJX’s full-year fiscal 2025 earnings results and examine how off-price retail has started to outperform traditional retail.

Off-price retail began 2025 with more in-store visitors than in the prior year

TJX, parent company to off-price leaders like TJ Maxx and Marshalls, reported 4% sales growth during its full-year fiscal 2025 meeting on Wednesday. In total, TJX reached $56.4 billion in sales for its fiscal 2025. This included a consistent holiday selling season through its fiscal fourth quarter, which included $16.4 billion in flat year-over-year quarterly sales.

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