1. Stores & Formats

Shoppers Are Spending Big at T.J. Maxx, HomeGoods as Target Sales Slide

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TJX Cos., the parent company of T.J. Maxx, Marshalls, and HomeGoods, reported a 7.7% year-over-year increase in sales and a 23% rise in profits for the fiscal second quarter. The company benefited from strong customer traffic and the availability of premium merchandise obtained from higher-end retailers looking to reduce their bloated inventories. In contrast, Target…

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