TJX Cos Tuesday posted higher quarterly profit as the off-price retailer kept overhead costs in check and saw sales rise at most of its chains.

If energy and food prices continue to surge, consumers aren't going to be able to keep up, which would have a huge impact on the economy -- and stocks.  Still,  the market doesn't seem worried.

Many US retailers posted better-than-expected sales in April. However, with most consumers sticking to bargains or basics, don't expect an extended rebound in retail.

Many US retailers posted better-than-expected sales in April. However, with most consumers sticking to bargains or basics, don't expect an extended rebound in retail.

"No one rings the bell at the bottom, but I think I hear a bell ringing," BlackRock's Bob Doll told CNBC.

U.S. retailers are set to report gloomy February sales later this week as stormy weather and signs of inflation deterred shoppers from stocking up on spring merchandise.

Notices are going out to millions of customers who may have had credit card information compromised in a data breach at stores such as T.J. Maxx and Marshalls.