1351 ET - Traffic data is indicating shoppers are gravitating toward discount retailers as discretionary companies are seeing consumers increasingly look for value. TJX Companies had upticks in traffic across its stores, with HomeGoods traffic increasing 7%, T.J. Maxx rising 6% and Marshalls up 5%, according to Placer.ai data. Off-price clothing chain Ross had visits increase 6% in the second quarter, with the share of shoppers who visited at least twice a month increasing to 29%. By contrast, higher-priced department stores Kohl's and Macy's had slower quarters, with same-store foot traffic down 3.4% and 4% respectively. The companies are due to report quarterly results in the coming weeks. (katherine.hamilton@wsj.com)
(END) Dow Jones Newswires
August 15, 2025 13:51 ET (17:51 GMT)
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