As retailers grapple with the impact of consumers tightening their purse strings, TJX is striking a different chord, as shoppers seek value and the most enticing bargains. “We believe we are strongly positioned to be a top destination for gifts this holiday season,” TJX CEO...
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...
Amid reports of struggling sales among other retailers, T.J. Maxx has benefited from the growing interest and support of Gen Z and millennial shoppers. “We continue to attract an outside number of younger customers to our stores, including many Gen Z and millennial shoppers, which...
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 and increased customer traffic were key factors contributing to this growth, TJX CEO Ernie Herrman said Wednesday (Aug. 16) during the company’s quarterly earnings call. […]
August 22, 2018
TJX has pulled off its 16th consecutive quarter of growing customer traffic to its stores — this time powered by deep discounts that brought younger shoppers to its doorstep. Unlike...
