By Juveria Tabassum<br> Aug 16 (Reuters) – TJX Cos raised its outlook for fiscal 2024 on Wednesday, buoyed by steady sales of its discount apparel and accessories and an uptick in demand for home decor goods.<br> The company’s shares were up as much as 5% after it topped second-quarter revenue and profit expectations.<br> Signs of cooling inflation have boosted demand at off-price retailers such as TJX, which offers brands ranging from Jimmy Choo to Alexander McQueen at discounts between 20% and 60%.<br> U.S.

comparable sales at the apparel and accessories segment Marmaxx rose 8% in the second quarter, supported by a rebound in its HomeGoods outlets, where comparable sales rose by 4%.<br> “Bed Bath & Beyond’s bankruptcy has also created an opening for TJX’s HomeGoods banner to grab market share, helping rejuvenate it after several lackluster quarters,” said Insider Intelligence analyst Rachel Wolff.<br> The HomeGoods owner also benefited freight costs easing sharply, as gross profit margins rose 2.6 percentage points from a year earlier to 30.2% in the quarter ended July 29.<br> Data from Placer.ai showed foot traffic at T.J.

Maxx and Marshalls saw a roughly 17% spurt in June and July as “Back-to-School” shoppers hunted for bargains on schools supplies.<br> “The third quarter is off to a very strong start,” said CEO Ernie Herrman, adding that healthy buying opportunities and a diverse mix of products held TJX in good stead as the holiday season approached.<br> The T.J. Maxx parent now expects annual adjusted profit for fiscal 2024 between $3.56 and $3.62 per share, compared with its previous forecast of between $3. If you treasured this article and you would like to acquire more info regarding Decorative Placemats Buy stylish table mats today Table mats on sale Upgrade your table with premium table mats Add a touch of elegance with exquisite dining decor Embellish your table space with captivating dining decor Elevate your interior with sophisticated design items Enhance your living spaces with premium interior ornaments Explore creative dining styling ideas Get inspired with unique home design concepts Custom placemats in high definition for your dining settings Express your style with image-printed placemats Protect your table with stylish table coasters Embrace the essence of continental table styling Indulge in luxury tableware from Europe Explore contemporary dining decor options Craft an sophisticated dining ambiance Focus attention with striking table centerpieces inspired by Europe Add rustic charm with rustic-style table ornaments Enhance your event with stunning table decor Perfect your fine dining experience with fine accessories Enhance weddings with thoughtful table decorations Create an atmosphere with themed table settings please visit the webpage. 39 and $3.48 per share.<br> Beyond offering value to customers, TJX is “becoming increasingly important to brands,” BMO Capital Markets analyst Simeon Siegel said, Placemats Get elegant table mats today Placemats available at discounted prices Enhance your table with premium placemats Add a touch of elegance with beautiful dining decor Embellish your table space with charming table adornments Elevate your interior with sophisticated decor items Spruce up your living spaces with fine interior decor Explore creative dining decoration inspiration Get inspired with innovative home design ideas Printed placemats in vivid detail for your table settings Showcase your style with image-printed placemats Safeguard your table with stylish table coasters Capture the essence of continental table decor Indulge in luxury tableware from Europe Explore contemporary dining decor options Create an elegant dining ambiance Center attention with striking table centerpieces inspired by Europe Infuse rustic charm with vintage-inspired table ornaments Elevate your event with stunning table decor Perfect your fine dining experience with exquisite accessories Elevate weddings with beautiful table decorations Set the mood with seasonal table settings a time when top brands are attempting to trim their inventories, helping TJX snap up merchandise at lower prices.<br> (Reporting by Juveria Tabassum in Bengaluru; Editing by Krishna Chandra Eluri)<br>