1351 ET - Traffic data is indicating shoppers are gravitating toward discount retailers as discretionary companies are seeing consumers increasingly look for value. TJX Companies had upticks in traffic across its stores, with HomeGoods traffic increasing 7%, T.J. Maxx rising 6% and Marshalls up 5%, according to Placer.ai data. Off-price clothing chain Ross had visits increase 6% in the second quarter, with the share of shoppers who visited at least twice a month increasing to 29%. By contrast, higher-priced department stores Kohl's and Macy's had slower quarters, with same-store foot traffic down 3.4% and 4% respectively. The companies are due to report quarterly results in the coming weeks. (katherine.hamilton@wsj.com)
(END) Dow Jones Newswires
August 15, 2025 13:51 ET (17:51 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.