Tuesday, August 21, 2018

TJX sales up 12% on 16th straight quarter of traffic increases

Retail Dive
TJX Cos. on Tuesday reported that second quarter net sales increased 12% to $9.3 billion and comparable sales increased 6% companywide, according to a press release.

TJX said that the spike in comps was primarily driven by increases in customer traffic across divisions. By brand, comps rose 7% at Marmaxx (which operates T.J. Maxx and Marshalls), 3% at Home Goods, 6% at TJX Canada and 4% at TJX International. Over the quarter, the retailer opened a net of 53 stores.. . . more