These box office numbers do not include the cost of production or marketing costs. They also don't count the billions in merchandising that Disney has made over the last...Entertainmentread more
Instagram began tests that hide "like" counts on posts. That means influencers who market products on Instagram will have to rely on different metrics to show success.Technologyread more
Peter Neupert worked for Microsoft and Amazon-backed Drugstore.com, where he got to know Jeff Bezos. He now advises start-ups.Technologyread more
Last week shows that oil prices are not the indicator for Middle East tensions they once were, and worries about global demand and growing U.S. production has changed that...Market Insiderread more
Facebook Vice President David Marcus is the face of the company's Libra digital currency, but the original driving force was a 26-year-old female corporate-development...Technologyread more
The firing of the tear gas was the latest confrontation between police and protesters who have taken to the streets for over a month to fight a proposed extradition bill and...China Politicsread more
Amazon's new policy for account suspensions doesn't go far enough to protect sellers from potentially unfair and wrongful suspensions, merchants say.Technologyread more
There is no end in sight to the Boeing 737 Max grounding after two fatal crashes, prompting airlines to rethink their growth plans.Airlinesread more
After a year of flooding, Midwest farmers face a stifling heat wave that's spreading across the U.S.Weather & Natural Disastersread more
Gluskin Sheff's David Rosenberg is painting a painful picture for stocks as earnings season goes into full gear.Futures Nowread more
Rossello is facing public furor over an obscenity-laced online chat that showed the governor and his close advisers insulting women and mocking constituents, including victims...Politicsread more
Off-price apparel retailer TJX reported better-than-expected quarterly same-store sales on Wednesday, as steep discounts drove more shoppers to its T.J. Maxx and Marshalls stores during the holiday season.
Shares of the Framingham, Massachusetts-based company rose 2 percent before the bell.
TJX has opened more stores and largely depended on its deep in-store discounts to drive traffic unlike other brick-and-mortar retailers, which have shuttered shops and invested in e-commerce as shoppers move online.
The company reported a 6 percent rise in comparable-store sales, beating analysts' average estimate of a 3.54 percent rise, according to IBES data from Refinitiv.
Same-store sales at Marmaxx, the company's biggest and most profitable unit which includes T.J. Maxx and Marshalls stores, rose 7 percent during the quarter, beating estimates of 4.45 percent growth.
Net income fell to $841.5 million, or 68 cents per share, in the fourth quarter ended February 2, from $877.3 million, or 69 cents per share, a year earlier.
Net sales rose 1.5 percent to $11.13 billion, beating analysts estimate of $11 billion.