TJX Cos., Gap Inc., The Buckle and Zumiez all reported better-than-expected same-store sales for April, even as concerns about the job market bit into other retailers’ results.
Costco Wholesale Corp., Limited Brands and TJX Cos. reported better-than-expected sales for February, as growing employment and a surging stock market apparently offset the impact of higher taxes.
In a month that was solid overall, the discount sector showed its muscle, turning in a strong February same-store sales performance nearly across the board.
The TJX Cos. announced several senior management shifts, including moving current Marmaxx Group head Michael MacMillan to the company’s European division.
Costco Wholesale Corp. reported a 9% increase in same-store sales in October, helped by strong performances in the United States and abroad, just short of the 9.2% increase predicted by analysts.