1304 ET - T.J. Maxx owner TJX has recorded strong sales gains at stores in areas that span income demographic bands, CFO John Klinger says on a call with analysts. The off-price retailer, which also owns Marshall's and Home Goods, doesn't measure actual customer income but tracks store performance in certain income demographic areas. In the latest completed quarter, gains were slightly heavier in the lower-income demographic as those costumes became more concerned about the economy, the CFO says. The across-the-board gains speak to how TJX approaches store modeling, marketing and product mixes to accommodate different income levels, CEO Ernie Herrman says on the same call. "We're more diversified, from the income demographic standpoint," the CEO says. (dean.seal@wsj.com)
(END) Dow Jones Newswires
May 21, 2025 13:04 ET (17:04 GMT)
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