TJX Companies Reports Strong Sales, Profit Growth

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TJX Companies Report Strong Sales, Profit Growth

Will move over target because TJX companies which owns TJ Maxx Marshall's and home goods. It up top and bottom line growth due to strong customer traffic. Well, these companies that are owned by TJX companies are witnessing an influx of clothes from other retailers due to too much inventory, creating wider selection and better prices for shoppers at a place like TJ Maxx for instance. So in turn, TJX raised its full year forecast after sales grew 8% and profits rose 23% last quarter.