TJX Sales May Surge in 2023 on Bargain Hunting for Top Fashion Brands

TJX Sales May Surge in 2023 on Bargain Hunting for Top Fashion Brands
A T.J. Maxx store which is owned by TJX Cos Inc. in Pasadena, Calif., on May 15, 2017. Mario Anzuoni/Reuters
Reuters
Updated:
0:00

TJX Cos Inc. is likely to see a strong growth in annual sales as inflation pushes bargain-hungry but brand-conscious customers to off-price retailers offering cheaper deals and promotions.

The expected surge in demand for companies such as TJX, Ross Stores, and Burlington Stores Inc follows a dull 2022 in which pandemic-weary consumers refreshed their wardrobes by splurging in U.S. department stores and retailers.