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TJX Is Dinged by Department Store Crash

TJX Cos. is getting a little taste of the rest of the retail industry’s pain. But it should remain an island of relative safety over the long run.

Shares of the owner of T.J. Maxx and Marshall’s fell 3.7% on Tuesday after it reported lighter-than-expected first-quarter sales. Same-store sales still climbed 1%, but it was the first time TJX hasn’t beaten its guidance since the third quarter of 2014. The company also said earnings in…

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