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Off-pricer turns in another strong performance; continues to grow footprint
There was no stopping TJX Cos. in its second quarter. But it sounded a cautious note about its third quarter. For the quarter ended July 30, TJX posted a profit of $562.2 million, better than analysts’ forecasts, up from $549.3 million in the year-ago period. Revenue increased 7% to a better-than-expected $7.88 billion. Same-store sales rose 4%, above expectations for an increase of 2% to 3%. -
Discounter’s store growth hits a big number
Dollar General continues to expand its store portfolio at a rapid pace. The discounter on Monday opened its 13,000th store, in Birmingham, Alabama. The company operates approximately 675 stores in Alabama. The new store is one of the planned 900 new stores Dollar General expects to open in 2016.
