Off-price retailers see sales lift when GDP dips: Chart

Yahoo Finance Video

Tue, Jan 31, 2023, 9:55 AM

Yahoo Finance Live's Brian Sozzi breaks down the chart of the day.

Video Transcript

[AUDIO LOGO]

BRIAN SOZZI: All right, when times get tough for the economy, the consumer gets shopping for big deals at TJ Maxx, Marshalls, Ross Stores, and other off-price retailers. Goldman Sachs analyst Brooke Roach charted same-store sales for off-price retailers compared to GDP growth. You can see there on the screen that when GDP has dipped, off-price retailers tend to see a sales lift.

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Off-price retailers see sales lift when GDP dips: Chart

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