0710 ET - The U.S. tariff blitz will likely create significant disruption in the retail market, greatly increasing the availability of product available to off-price retailers at attractive prices, says Citi, which upgrades TJX and Ross Stores to buy from neutral. Citi, which already had a buy rating on Burlington Stores, says a potentially weakening consumer environment could lead to more shoppers trading down to the off-price channel. The analysts add that the off-price group is defensively positioned in the near-term and well-positioned for continued long-term growth as other retailers struggle and close stores. TJX down 1.4% premarket, Ross Stores off 2%. (colin.kellaher@wsj.com)
(END) Dow Jones Newswires
April 03, 2025 07:10 ET (11:10 GMT)
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