For the third quarter, TJX kept rolling, pointing to customer traffic as driving its earnings and sales performance as the off-price retailer positioned its holiday marketing campaigns for the fourth quarter.
For the second quarter, HomeGoods comparable sales, which now include those for HomeSense stores in the U.S., came in flat even as overall TJX posted a positive 2% comp.
When TJX opened its first HomeSense store in Massachusetts in mid-August, consumers in the U.S. got a first look at the American version of the banner the company has operated in Canada and Europe for years— and what they likely noticed first was the abundance of furniture.
As TJX Companies brings its HomeSense store concept to the U.S. with a total of four locations expected to open this year, the retailer also has larger expansion plans.
At the TJX annual meeting, Ernie Herrman, president and CEO of the company, said that it will continue to leverage its business model to generate traffic gains and additional comparable store sales as a means to build the business and boost its value for investors while, at the same time, developing new initiatives.
On the heels of a Walmart action, TJX Cos. announced that it would change its pay structure for hourly employees…