Tuesday, August 20, 2019

TJX Cos. Q2 sales disappoint

Chain Store Age
TJX Cos. reported total revenue and comp sales that missed analysts estimates increased competition in the off-price sector.

Net sales increased 4.8% to $9.78 billion, missing estimates of $9.90 billion. Consolidated same-store sales increased 2%, also missing estimates. By division, same-store sales rose 2% at Marmaax U.S. (TJ Maxx and Marshall’s), 1% at TJX Canada and 6% at TJX International.. . . more