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T.J. Maxx parent lifts annual sales forecast on demand for apparel, home goods

Reuters · 11/16/2022 07:37
T.J. Maxx parent lifts annual sales forecast on demand for apparel, home goods

- TJX Cos Inc TJX.N raised full-year same-store sales forecast on Wednesday, as inflation-hit consumers turn to the discount store for affordable clothing and home decor items ahead of the crucial holiday season.

The discount store operator expects 2023 same-store sales to decrease 1% to 2%, compared to its prior forecast of a 2% to 3% drop.



(Reporting by Ananya Mariam Rajesh in Bengaluru;
Editing by Vinay Dwivedi)

((AnanyaMariam.Rajesh@thomsonreuters.com ; Twitter: https://twitter.com/AnanyaMariam;))