Tuesday, November 19, 2019

TJX raises full-year profit forecast after beating quarterly estimates

Reuters
TJX Cos Inc raised its full-year profit forecast on Tuesday ahead of the holiday shopping season and reported better-than-expected quarterly same-store sales as the off-price retailer’s steep discounts brought in more shoppers.

TJX, which draws in price-conscious shoppers with the promise of sought-after and luxury brands like Dolce & Gabbana and Calvin Klein at discounts of up to 60%, has been steadily expanding with a program of new store openings and remodeling of existing ones.. . . more