TJX Sales Climb as Consumers ‘Keep Seeking Value'
TJX(TJX) PYMNTS.com·2024-08-22 05:47
TJ Maxx/Marshalls’ parent TJX continues to benefit from value-chasing consumers.The discount retail company released earnings Wednesday (Aug. 21) showing sales up 6% for the half year and 4% for the quarter, while raising its guidance in anticipation of the fall and holiday shopping seasons.“We’re convinced that consumers will keep seeking value,” CEO Ernie Herman told analysts during an earnings call. “We believe our strategy of trading across a broad range of income and age demographics differentiates us ...