Tj Maxx news and trends

TJX Sales Climb as Consumers ‘Keep Seeking Value’
Earnings // 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....

TJX: Bargain Shoppers Want ‘Excitement’ From Their Retail Experiences
Earnings // May 22, 2024

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...

TJX’s Gen Z Momentum Proves Youthful Shoppers’ Hunger for Deals
Retail // February 28, 2024

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...

Gen Z Gives TJX a Sales Bump as TikTok Trend Goes Viral 
Earnings // August 17, 2023

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...

Quick Reads
TJX Sales Climb as Consumers ‘Keep Seeking Value’

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 […]

TJX Says Customer Traffic Drove 6% Sales Growth in Q2

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...

TJX Finds ‘Tremendous Advantage’ in Off-Price Offerings

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...

TJX Surprised by Weakness in Demand as Inflation Crimps Spending

August 17, 2022
Off-price apparel retailer TJX said Wednesday (Aug. 17) that demand for home-related items was weaker than expected as inflation dampened consumer spending, leading to a surprise 5% drop in same-store...