Discount retail operator TJX shows it can deliver profits in a slowing economy

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Published Wed, May 17 20233:52 PM EDTUpdated 2 Min Ago

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Zev Fima@zevfima

A shopper carries a bag outside a TJ Maxx store in New York, U.S.

Victor J. Blue | Bloomberg | Getty Images

Club holding TJX Companies’ (TJX) weaker-than-expected sales for its fiscal 2024 first quarter were more than offset by strong expense management, resulting in a beat on profitability — further demonstrating the off-price retailer’s ability to navigate gathering economic headwinds.