The slowdown in Europe is having a negative effect on retailers exposed to Europe. I would have to agree except for TJX as the economic environment in Europe is exactly where TJX excels. TK Maxx and Home Goods are seeing record sales!
I agree. Here Winners and Homesense have lineups always, and have amazing products. People are confusing the demographic. It's the discount stores filled with cheap stuff that are lowering guidance. TJX does not reflect the same market. Our "Runway at Winners" in big city shops have $1000 designer clothes... and the higher end market is not in trouble.