Citi Provides Color on Retailing

Citi provides color on retailing. In a research report published today, Citi stressed it estimates that Ross Stores ROST will continue to outperform the TJX Companies TJX. In the report, Citi states, “We expect TJX to again underperform ROST for the month. We are forecasting a +2% comp which is in-line with the Street and at the high-end of guidance of flat to +2%.” On Friday, Ross Stores added 1.44% to its value to finish the week at $81.27. At the same time, the TJX Companies rose 1.22% on Friday to stand around $53.17.