New York -- The TJX Cos. turned in the strongest performance among the discounters in October, reporting a 7% comp sales increase on Thursday.
According to TJX CEO Carol Meyrowitz, the above-plan performance has prompted the retailer to raise its outlook for the third quarter and full year. “We believe the momentum we are seeing in all of our businesses … bode well for the holiday selling season,” she said.
TJX sales for the period advanced 11% to $2.1 billion.
Costco posted a 5% rise in same-store sales, less fuel, which missed Wall Street’s expected 5.6% gain. The wholesale club operator said that the strongest regions for the month were San Diego, the Northeast and the Mid