TJX's Q3 Earnings: AI, Sales, and Holiday Plans

TJX, parent of TJ Maxx and Marshalls, reported robust third-quarter earnings, surpassing Wall Streets expectations. Sales at existing stores soared, and profits improved across divisions, fueled by increased customer spending and transactions. Lower shipping costs and smart expense management bolstered profit margins, offsetting tariffs. TJX plans to strategically use AI in fraud detection, HR, and marketing. Both new and returning customers drove Marmaxx divisions growth. Observers will monitor holiday marketing, sales momentum, tariff management, and supply chain efficiency for TJXs continued success.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.