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As consumer spending slows, TJX is the off-price retailer to own

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A shopper carries a bag outside a TJ Maxx store in New York, U.S.

Victor J. Blue | Bloomberg | Getty Images

Fresh economic data Wednesday showed U.S. consumer spending slowed during the holiday season as inflation, though easing, continued to squeeze shoppers. That’s likely to make off-price retailers like Club holding TJX Companies (TJX) even more attractive to many Americans looking for cost-saving deals in the new year.

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