Is TJX leading a Retail Recovery? — Market Mad House

Strangely, a modest brick and mortar retail recovery could be underway. Four physical retailers; the TJX Companies (NYSE: TJX), Lowe’s (NYSE: LOW), Nordstrom (NYSE: JWN), and Target (NYSE: TGT) are doing surprisingly well.

Discount department store operator TJX’s share price grew by 0.37%; or 22₵, to $59.39 by midday on 25 November 2019. Discount legend Target’s stock went from $110.47 on 19 November 2019 to $125.29 on 25 November 2019. Thus Target shares grew by $14.82 in less than a week.

Likewise, home-improvement giant Lowe’s shares rose by $1.18; (1.01%), on 22 November 2019. Moreover, Lowe’s rose from $115.74 on 18 November 2019 to $116.83 on 25 November 2019.

TJX stock; however, dropped slightly last week falling from $59.70 on 18 November to $59.43 on 25 November. Thus, Mr. Market still had faith in some brick and mortar retailers in the week before Black Friday.

Are Brick and Mortar Retailers making money?

Importantly, TJX is making a little more money. TJX’s quarterly revenues rose from $9.781 billion on 3 August 2019 to $10.451 billion on 2 November 2019, Ycharts estimates.