The trend continues.
The discount retailers are feeling bullish about the brick-and-mortar channel.
Sales at both chains exceeded expectations in the third quarter.
Net sales climbed 7 percent, to $7.9 billion, while comp sales increased 4 percent on top of the prior year’s 6 percent rise.
The TJX Companies Inc. served up another batch of evidence that the off-price channel is winning right now.
TJX’s Q4 net sales increased 8 percent year-over-year, to $9 billion, and beat market watchers’ forecast for sales of $8.7 billion.