L.Brands, parent of Victoria's Secret, reported better-than-expected 3% sales in same-store sales for March. Zumiez Inc. and Buckle Inc. also both reported better-than-expected numbers.
The TJX Companies and Ross Stores reported comparable-store results that were less than impressive from what the two discount retailers usually deliver.
In what turned out to be one of the stranger holiday seasons in recent memory retailers fought through a range of unconventional headwinds to deliver an uneven performance.
The TJX Companies has acquired Sierra Trading Post, an off-price Internet retailer based in Cheyenne, Wyoming, for approximately $200 million in cash.
TJX Companies reported a 3% comp increase on top of a prior year gain of 4% while Ross Stores said posted a comp increase of 2% compared to last November’s 5% comp increase.
Ross Stores and The TJX companies both reported a better-than-expected 8% same store sales increase during August.
Fashion discounters continue to thrive in this economy, with TJX and Ross Stores continuing to report impressive monthly sales results.
Target Corp., The TJX Cos., and Ross Stores reported stronger-than-expected March sales as warm weather put consumers in a spending mood. Both retailers also revised their first-quarter outlooks upward on the results.
The TJX Companies announced that its board of directors approved a new management structure as part of the company’s ongoing leadership succession planning.
TJX reported same-store sales of 2% December, beating Wall Street estimates for a 2.5% decline. Total sales rose 6% to $3 billion.
TJX has announced that net sales for the third quarter of fiscal 2011 increased 5%...
TJX Companies announced plans to bring Marshalls to Canada. The company anticipates that the first...