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.
Marshalls has teamed up with actress Kaley Cuoco to deliver a surprise to shoppers nationwide. This week, the retailer said it will place a “Surprise Box” in all stores across the country on Friday, August 16 for shoppers to discover.
Marshalls has come up with a unique promotion designed to demonstrate that it can be a destination for Father’s Day and other gift-giving occasions.
The near future looks bright for off-price retailers, while department stores will continue to face challenges, according to a recent report from Moody’s Investors Service.