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TJX May Have Sidestepped Retail Earnings Carnage

Pretty difficult to blame investors for betting off-price king TJX (TJX) survived the carnage seen at department stores in the first quarter at the hands of rising online shopping and unfavorable weather.

First, the parent of TJ Maxx closed an astounding one store last year while bricks and mortar competitors such as Macy's (M) , Sears (SHLD) and J.C. Penney (JCP) continued to close them in droves due to sluggish sales and profits. Meanwhile, TJ Maxx' top line continued to benefit during the competitive holiday season from its unique model of filling...