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Despite the recent resurgence of COVID-19 cases, rising inflation, and supply chain disruptions, retail sales rose for two straight months—0.9% in August and 0.7% in September. An expected increase in consumer spending ahead of the holiday season, supported by an improving job market, should further drive the industry’s growth. With increasing foot traffic at brick-and-mortar stores ahead of a holiday season, the National Retail Federation (NRF) expects holiday sales to rise between 8.5% -10.5% during November and December. The global retail industry is expected to grow 7.2% in 2021. So, both BBBY and TJX should benefit.
While BBBY has declined 60.3% in price over the past nine months, TJX has surged 2.3%. TJX is a clear winner with 26.6% gains versus BBBY’s negative returns in terms of the past year’s performance. But which of these stocks is a better pick now? Let’s find out.
