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Amazon can't compete with off-price retailers, JPMorgan says

from CNBC

Here's a bright and booming sector within retail. Off-price retailers — TJ Maxx owner TJX, Ross Stores and Burlington — are expected to see incremental sales growth of $18 billion to $19 billion by 2021, according to JPMorgan. And that boost will primarily stem from the demise of department store chains, analyst Matthew Boss wrote in a Monday note to clients. more


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