Off-price retailers will do just fine against Amazon, analyst says

September 26, 2017

Matthew Boss of JPMorgan advised clients in a note yesterday that off-price retailers, like TJ Maxx, Ross Stores and Burlington, should in their way benefit more from department store closures than Amazon. The analyst sees Amazon’s place in the market as being more akin to department stores and believes the off-pricers will be in a better position to pick up business left on the table by the likes of Macy’s and JCPenney.

Recent News

Waffle House Workers Strike for Fair Pay and Better Working Conditions

Waffle House workers in Conyers, Georgia, are now on their third day of striking over what they call the company’s unfair policies. Led by the Union of Southern Service Workers (USSW), Waffle House employees are demanding an end to the mandatory “meal credit” deductions from their paychecks, along with better wages and improved working conditions.