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As consumer spending slows, TJX is a discount retailer

by SuperiorInvest

A shopper carries a bag outside a TJ Maxx store in New York, USA

Victor J. Blue | Bloomberg | Getty Images

Fresh economic data showed on Wednesday that US consumer spending slowed during the holiday season as inflation, while easing, continued to weigh on shoppers. This is likely to cause lower price retailers to have Club holding TJX Companies (TJX) even more attractive to many Americans looking for cost-saving deals in the new year.

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