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An economic downturn and a glut of apparel and accessories are setting the stage for off-price retailers to recover faster from coronavirus-led closures than other retail sectors.
Like many retailers, The TJX Cos. Inc., Ross Stores Inc. and Burlington Stores Inc. have seen their sales suffer this spring as their stores have remained closed. But the companies, which bill themselves as offering better value than department stores and stock their racks using inventory off-loaded by full-price retailers and brands, stand to bounce back more quickly as states ease restrictions on movement and businesses.
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