TJX, the owner of discount retail chains T.J. Maxx, Marshalls and Home Goods, is benefiting from cost-conscious consumers who are gravitating toward its stores, Bloomberg Businessweek reported on December 16.
Bloomberg cited recent comments TJX CEO Carol Meyrowitz, who said during an analyst call that consumers are attracted to the “outstanding products” for sale. The company reported a profit margin of nearly 9 percent in the third quarter of this year.
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For more on how top retailers are solliciting holiday spend, read our full report here.
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