Reported about 19 hours ago
TJX Cos has raised its annual profit forecast, capitalizing on strong demand from budget-conscious shoppers at its off-price stores. The company's sales increased by 6% in the third quarter to $14.1 billion, surpassing expectations. CEO Ernie Herrman noted that the appealing shopping experience contributed to a rise in customer transactions, as retailers compete for savings-seeking consumers ahead of the holiday season.
Source: YAHOO