Before February This Year, The Tkmaxx Revenue Of Discount Department Stores Registered An Increase Of 11%.

By January 2016, 30, the TKMaxx discount department store in low price department store TJX CompaniesInc. recorded a 11% increase to 2 billion 400 million in fiscal year, 2 billion 200 million in the last fiscal year, and 11% in pre tax profits to 142 million 300 thousand, and 128 million in the same period of the previous year.

In the UK, the fashion industry is extremely depressed, with a large number of department stores selling, profits falling, and many brands going bankrupt.

Its price advantage can outshine others, and double-digit sales growth in Britain.

Industry is rare.

According to the data, the TJX CompaniesInc. international business of TKMaxx parent company recorded 4 billion 227 million US dollars in fiscal year 2016, and its same store sales rose 4%.

It is in Europe.

The business includes TKMaxx and HomeSense. At present, there are more than 500 TKMaxx stores.

The success of TJX CompaniesInc. also lies in the fact that TJX CompaniesInc. stores are still expanding when other companies are completely downsizing and closing.

As of the end of the two quarter of July 30, 2016, the group operated 3675 shops, a year-on-year increase of 14, while Macy'sInc. Messi's department decided to close 100 stores with poor performance and cut the number of stores by 14%.

TJX CompaniesInc. had planned to increase the total number of stores to 5000.

The success of TJX CompaniesInc., which relies on low price to break out, highlights the sensitive role of price to consumers under the economic downturn. Under the condition of economic and consumption growth stagnation, the growth of TJX CompaniesInc. basically depends on the turnover and consumption ability of rival Macy'sInc. Messi department store, NordstromInc. Nord stalling, Kohl s Corp. and Kirst department store.

According to Deutsche Bank Deutsche Bank's report, only Macy'sInc. Messi's previous store closing plan will contribute about 1% of the same store sales growth to TJX CompaniesInc..

Columbia University's Graduate School of Business Mark Cohen, Professor of business school at Columbia University, also said that the retail industry has not had much increment, and the increment of individual enterprises is only the pfer of other enterprises.

He also said that the low-priced brands launched by these high-end department stores in Messi's department store in will damage the brand of Macy's Messi store in the long run.

Christina Boni, a senior analyst at Moody'sInvestors Service Moodie, a rating agency, said that the ability of low prices to retain consumers in the retail industry is hard to catch up with.

He said that there is a sense of urgency for consumers to enter such a department store, so they must immediately pay for shopping because they do not want such cheap products to be taken away by someone else.

The outstanding performance of TJX CompaniesInc. is also reflected in its popularity. Over the past two years, the company's share price has soared more than 50%, while its competitors have fallen by about 20%.