TJX sales could beat Macy's

Off-price retailers continue to grow and are putting a serious dent in the sales of traditional department stores. And next year, TJX sales could outpace Macy's.

"If current trends continue, we expect that sometime in 2017 that TJX's domestic annualized sales (for Marmaxx and HomeGoods) will exceed that of Macy's—the largest department store in the U.S, by sales," wrote Credit Suisse analyst Michael Exstein. Story