Same-store sales at TJX Companies
I've always liked TJX's business. It offers high-quality, name-brand merchandise at a discount. Who wouldn't find this compelling? My wife sure does. The company targets middle- and upper-middle-income consumers at most of its chains, including T.J. Maxx, Marshalls, and A.J. Wright.
Some of its competitors did not fare as well last month. Kohl's
TJX initially stumbled regarding the situation of computer intrusions. Although it waited a month before notifying customers about the breach to its computer network, it has since handled the situation admirably. It has addressed the situation head-on, and customers continue shopping without worry. Here is a letter written by Carol Meyrowitz, president and CEO, shortly after discovering the breach.
I'm impressed with TJX's results. If it continues executing its business plans well, the share price will be rising, and the only off-price items will be its merchandise.
Fool contributor Larry Rothman is happy to receive feedback, and promises to read it when not being wrestled by his three children. He doesn't have any positions in the companies mentioned. The Fool has a disclosure policy.