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TJX net income soars in third quarter
The TJX Companies’ net income for the third quarter soared 35% to $622.6 million from $461.5 million in the year-ago period. The better-than-expected results prompted the company to raise its full-year guidance.
Net sales increased approximately 9% to $6.98 billion from $6.41 billion as bargain-hunting consumers flocked to its stores. Same-store sales rose 5%. The chain credited the ability of its off-price format to succeed in any economic environment as a key component of its strong quarterly performance.
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The Limited debuts omni-channel ‘Style Stage’ Nov. 21
Columbus, Ohio -- The Limited will debut the Stylinity Style Stage, an omni-channel “selfie studio,” on Thursday, Nov. 21 at its flagship store at Easton Town Center in Columbus, Ohio.
Sitting outside the store's dressing rooms, the Style Stage photographs the user wearing store apparel and tags that apparel allowing other shoppers to search for and buy those products online in a fully shoppable social commerce catalogue.