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If and when tariffs start to reshape American consumer behaviour, it’s off-price retail — built around the dream of fashionable-enough offerings at below-market prices — where we may see those changes show up first.
The two biggest US off-price players report second-quarter earnings this week: T.J. Maxx and Marshalls owner TJX on Wednesday, and rival Ross Stores on Thursday. Target, which chases the same fashion customer, also reports on Wednesday.
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