Q4 Wednesday. Look for margins down. Sources say they over ordered seasonal merchandise and had huge markdowns.
Also, beware of Sierra Trading Post. Possibly a major mistake. Sporting goods are suffering. Golf courses closing, ski slopes closing, etc. The internet gaming is cheaper than live sports. Gander Mountain just emerged from BK, Dicks stock down bigtime for 2017. Discount sporting goods are not new. Famous Footwear and outlet malls have been had discounting for years. Once the newness wears off?
New Super HomeGoods coming, Homesense. It will hurt HomeGoods more than anybody else, or shooting themselves in the foot?
They must be having labor problems since Walmart and Target raised starting pay to $11.00 from Trumps tax cut for businesses. TJX has announced nothing but sent stores cookies for thanks, OMG. Walmart and Target are competition for labor. TJX's margins may look good with less labor costs that could offset markdowns, but key employees should be leaving for more money?
A tough economy could be coming, I'd beware of TJX. It's had a fantastic run the past 10 years, good management for the times, stock up almost up 8 fold, time to take profits. I could be wrong, the stock is up with building volume the last 3 days. Insider leaks?
This is all opinion, been wrong before. The Q earnings may prove me an idiot?
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