As consumers continue to spend cautiously, TJX is seeing bargain shoppers seek the surprise and delight of its stores’ luck-of-the-draw format, bringing joy in a financially stressful time. The off-price apparel and home goods retailer, parent company of TJ Maxx, Marshalls, HomeGoods and others, shared in its first-quarter fiscal 2024 earnings results Wednesday (May...
The TJX Companies is seeing young consumers join the mix, suggesting that Generation Z shoppers are looking for bargains. The off-price retail company, parent of TJ Maxx, Marshalls, HomeGoods and others, shared on a call with analysts Wednesday (Feb. 28) discussing its fourth-quarter and full-year...
As prices rise, consumers have found themselves grappling with the dilemma of spending in the face of uncertainty. This has led to a shift in shopping patterns, particularly in favor of off-price retailers offering discounted luxury items and home goods. This sentiment holds for TJX...
TJX, the parent company of popular off-price retailers like T.J.Maxx and Marshalls, recorded 6% overall comparable sales growth in the quarter ending on July 29. The company’s diverse product mix and increased customer traffic were key factors contributing to this growth, TJX CEO Ernie Herrman...
August 21, 2024
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 […]
August 16, 2023
TJX, the parent company of popular off-price retailers like T.J.Maxx and Marshalls, recorded 6% overall comparable sales growth in the quarter ending on July 29. The company’s diverse product mix...
February 22, 2023
The TJX Companies saw softer sales at its home businesses after two years of “extraordinary growth.” For full-year fiscal 2023, comparable store sales at the firm’s HomeGoods and Homesense locations...
November 16, 2022
Apparel retailer TJX reported an increase in sales Wednesday (Nov. 16), a development the company’s CEO attributed to consumers “treasure hunting” for the chain’s off-price offerings. “Looking forward, while not immune to...
