Why is the TJX Companies Making Money?

The TJX Companies (NYSE: TJX) is doing something extraordinary in the department business. Uniquely, TJX is expanding and making money when competitors are dying.

In fact, TJX is now America’s largest department store operator in terms of revenues. For instance, Macy’s (NYSE: M) reported 3rd Quarter revenues of $5.572 billion on 4 August 2018. Meanwhile, TJX recorded 3rd Quarter revenues of $9.331 billion on the same day.

Moreover, TJX reported a revenue growth rate of 11.65% for 3rd Quarter 2018. Conversely, Macy’s revenues shrank by…