Thursday, February 28, 2019

TJX holiday quarter same-stores sales beat estimates

Reuters
Off-price apparel retailer TJX Cos Inc reported better-than-expected quarterly same-store sales on Wednesday, as steep discounts drove more shoppers to its T.J. Maxx and Marshalls stores during the holiday season.

TJX has opened more stores and largely depended on its deep in-store discounts to drive traffic unlike other brick-and-mortar retailers, which have shuttered shops and invested in e-commerce as shoppers move online.. . . more