TJX targets 7,500 stores and raises profit outlook as off-price demand stays strong
TJX plans to expand its long-term global base to 7,500 stores in existing countries, up from 7,000, citing stronger-than-expected openings. The company opened 23 new stores in the latest quarter, including a second TJ Maxx location in Spain, reported $15.2 billion in second-quarter net sales, and raised its full-year pretax profit margin and EPS outlooks.