Wednesday, May 23, 2018

Bargain-hungry customers help TJX beat sales estimates

TJX reported better-than-expected quarterly same-store sales on Tuesday, as deep discounts brought more bargain hunters into its T.J. Maxx and Marshalls apparel stores.

Online shopping has taken a toll on traditional brick-and-mortar stores but TJX, unlike other retailers, has not seen huge cuts in inventory and store closures. . . . more