Stepping-down retail trend appears to be in action

|By:, SA News Editor

A solid quarter from TJX Companies (TJX +4.6%) and a raise in guidance helps confirm a stepping-down trend in retail as consumers shop for values.

Fellow off-price specialist Ross Stores (ROST) is up 3% on the day off the same optimism shoppers will flock to its stores.

The consumer spending pattern could also be an influence for the dollar store group (DG, DLTR, FDO).