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TJX Cos. profit surges 21% in Q2
Framingham, Mass. -- TJX Cos. reported Tuesday that net income for the quarter ended July 28 soared 20.9% to $421.1 million, up from $348.3 million and marking the discounter’s third consecutive quarter of rising profits.
Revenues beat projections by climbing 8.7% to $5.95 billion.
The owner of the Marshalls and T.J. Maxx chains raised its full-year profit forecast.
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Report: Retailers, suppliers disappointed in summer sales but optimistic about holidays
New York -- A report released Tuesday by Capital Business Credit found that, overall, importers and manufacturers who sell to America's major retailers are preparing for a surprisingly stronger winter shopping season than expected.
According to the quarterly "Global Retail Manufacturers and Importers Survey," 77% of importers of retail goods believe the fall/winter season will be the same or stronger than last year.