TJ Maxx & Marshalls Continue to Win Customers As Discount Shopping Soars

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The off-price channel continues to win in an otherwise tepid retail environment.

The TJX Companies Inc., owner of discount store chains Marshalls and TJ Maxx, today reported third-quarter results before the market open that topped market watchers’ estimates.

The company said its net sales climbed 7 percent year-over-year, to $8.3 billion, surpassing expectations for net sales of $8.2 billion. Comparable sales also advanced 5 percent.

Footwear News //