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

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. Total retail sales in the U.S. dropped 1.1% in December month-on-month, the Commerce Department said Wednesday, in the second consecutive monthly decline. Retail sales had fallen by 1% in November. The…

Buy these 4 off-price retailer stocks to take advantage of inventory gluts, Jim Cramer says

CNBC's Jim Cramer on Wednesday offered a list of off-price retailer stocks investors should have on their radar."There's an inventory glut in the traditional retailers and the big chains are desperate to get rid of this stuff so they can bring in new product," the "Mad Money" host said. "The off-price chains are the buyers of last resort."Here is his list of companies investors should be eyeing:TJXBurlington StoresRoss StoresOllie's Bargain OutletRetail giants have reported earnings this week, with some faring better than…