@RegencyCenters Blog

TJX sales surge on 'strong momentum' in customer traffic

Thanks to healthy store traffic, TJX announced better than expected third quarter sales and earnings. TJX, parent company of TJ Maxx, Marshalls, Home Goods and Sierra Trading Post, said Q3 revenue rose 6.9% to $8.29 billion, from $7.75 billion in the third quarter last year; analysts expected revenue of $8.22 billion.

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Target raises outlook, boosted by online and back-to-school sales

Target's traffic and sales improved “meaningfully” in the third quarter, thanks to an "unexpectedly" strong back-to-school season, CEO Brian Cornell said in a press release Wednesday.

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