
Discount store operator TJX Cos Inc on Wednesday forecast annual profit above Wall Street estimates after posting upbeat quarterly earnings, as price increases help the T.J. Maxx parent counter a hit from rising costs.
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Discount store operator TJX Cos Inc on Wednesday forecast annual profit above Wall Street estimates after posting upbeat quarterly earnings, as price increases help the T.J. Maxx parent counter a hit from rising costs.
TJX Cos Inc missed Wall Street estimates for quarterly sales on Wednesday, hurt by temporary store closures and fewer customers visiting its outlets due to the COVID-19 pandemic.
TJX Cos Inc on Wednesday beat market estimates for quarterly net sales, as the easing of COVID-19 curbs prompted Americans to return to brick-and-mortar stores ahead of the reopening of schools.
TJX Cos Inc forecast current-quarter same-store sales to fall up to 20% after reporting a bigger-than-expected loss for the previous three months, sending the off-price retailer’s shares down about 7%.
TJX Cos Inc forecast third-quarter profit below expectations as the discount store operator faces intense competition from online and other retailers.
TJX's quarterly performance was one of few bright spots in the gloomy U.S. retail environment, proving that the company's off-price business model was luring shoppers even as competition from Amazon.com Inc intensifies.
The U.S. retailer is officially rolling out stores across Australia, replacing 35 Trade Secret stores in operation along the east coast, which parent company TJX purchased in late 2015.
TJX Cos Inc, the parent company of T.J. Maxx and Marshalls, reported better-than-expected profit and comparable store sales, as its discounted offerings attracted shoppers during the holiday season.
The sporting goods retailer will overtake Sears at the Pennsylvania mall after Preit, the real estate investment trust, recaptured three Sears stores earlier this year.
TJX Cos Inc, operator of off-price retailers T.J. Maxx and HomeGoods, reported better-than-expected quarterly comparable store sales as its discounted offerings continue to attract shoppers.