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...
It may be a bad time for consumers and their wallets, but it’s proving to be a good time for the discounters and off-price retailers that cater to the growing demand for deals. With bargain hunting and budget sensitivity at record highs amid ongoing inflation...
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 macro factors, we are convinced that our flexible business model and value proposition will continue...
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. […]
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...
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...
May 18, 2022
Stores in the TJX Companies family are part of a growing trend of shoppers returning to brick-and-mortar stores, with its Marshalls and TJ Maxx stores leading the way in increased...
