Retail News

TJX has better-than-expected quarter, raises forecast

Reuters 11/19/2019

TJX Cos. announced that its same-store sales rose four percent in the third quarter, above the 2.3 percent consensus gain expected by analysts. The retailer raised its annual forecast on the strength of its third-quarter performance and expectations for the holidays. “The fourth quarter is off to a solid start and we have many initiatives underway to keep driving traffic and sales to our stores and online during the holiday season and beyond,” said CEO Ernie Herrman in a statement.

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