With heightened competition in the off-price space, TJX Cos. reported comp sales and total revenue that came out below the estimates of analysts. The discount department store retailer’s net sales were $9.78 billion, which were below estimates of $9.90 billion, Chain Store Age reported. Same-store...
It’s a tale of two kinds of brick-and-mortar retailers amid the rise of eCommerce: Some traditional department store chains like JCPenney and Macy’s are shuttering stores, as some retailers with other business models are more than surviving. TJX, the owner of off-priced retailers like T.J....
Ever wonder why Amazon Fashion’s prices are sometimes so low on such high-end designer labels? Well, most of the time, Amazon Fashion — the apparel retail arm that the massive eCommerce giant launched a few years ago as a way to segue into the fashion...
Who doesn’t love a bargain? Well, apparently, certainly not the average consumer, because their buying habits seem to be trending towards the ever more cost-conscious and frugal. This newfound cost consciousness is reshaping the retail industry in everything from spurring the rise of fast fashion...
August 22, 2019
With heightened competition in the off-price space, TJX Cos. reported comp sales and total revenue that came out below the estimates of analysts. The discount department store retailer’s net sales were $9.78 billion, which were below estimates of $9.90 billion, Chain Store Age reported. Same-store sales increased 2 percent at Marmaxx U.S. (T.J.Maxx and Marshalls), […]
