CNBC’s Jim Cramer on Friday highlighted one segment in the retail industry he believes will work well in a portfolio whether the economy is slowing or thriving.
The off-price retailers of TJX Companies, Ross Stores and Burlington Stores satisfy both consumers looking for bargain deals and real estate investment trusts, or REITs, looking to lease space to brands with a track record of drawing shoppers into stores, the “Mad Money” host said.
“Something like TJX or Ross Stores has got a treasure hunt atmosphere, where you can search for incredible, unmatched deals,” he said. “That’s why shoppers keep coming back. When TJX or Burlington or Ross generates more traffic, that benefits their…