T.J. Maxx owner raises full-year guidance, posts 5.6% sales gain for the most recent quarter

TJX Cos. beat Wall Street’s expectations on the top and bottom lines as it raised its full-year guidance. The retailer behind HomeGoods, TJ Maxx and Marshall has been taking market share from competitors like Target and Macy’s and has become a haven for price-sensitive consumers. The company has been looking to continue its growth and announced it’s taken a stake in a Dubai-based discounter.
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