Tepid consumer spending and fierce online competition are pummeling much of the retail sector. However, shares of TJX Companies continue to glide to new highs. TJX Companies is the parent company of TJ Maxx, as well as Marshalls and HomeGoods, making it the largest off-price department store outfit in the U.S. The discount model has proven resilient since the financial crisis, as shoppers have become more cost-conscious. That defensive positioning, along with strong earnings growth, should help the stock make more headway as uncertainty increases ahead of the presidential election. “TJX is one of the best retail models out there right now,” says Kevin Walkush, co-portfolio manager of the Jensen Quality Growth Fund, which counts the stock among its top 10 holdings. “They’ve really carved out a niche in retail that’s sustainable and durable as retail changes.” Read more at Barron’s.