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TJ Maxx parent lifts annual sales forecast on steady off-price demand By Reuters

TJ Maxx parent lifts annual sales forecast on steady off-price demand
© Reuters. FILE PHOTO: A TJ Maxx store logo is pictured on a building in North Miami, Florida March 19, 2016. REUTERS/Carlo Allegri

(Reuters) – TJX (NYSE:) Cos raised its annual sales forecast on Wednesday, boosted by steady demand from budget-conscious customers looking for promotional deals and bargains ahead of the crucial holiday shopping season.

The discount store operator now expects full-year 2024 comparable store sales to be up 4% to 5%, from its earlier forecast of 3% to 4%.

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