Total sales at the retailer, which is part of US retail group TJX Companies, grew 2 per cent to US$579.7 million at its European stores during the third quarter to October 25.
In the 39 weeks to October 25, total sales at the discount designer retailer rose 8.7 per cent to US$1.62 billion.
Carol Meyrowitz, president and chief executive of US parent company TJX Companies, said: "As we have often said, we are fortunate to have an extremely flexible business model which gives us the ability to navigate through difficult environments."
She added: “We are extremely focused on buying right and running with leaner-than-usual inventory levels, which has led to faster inventory turns and strong merchandise margins."
Meyrowitz said that the retailer was focusing on “tightening expenses”.
TJX posted a 2 per cent rise in total sales to US$4.8 billion during the third quarter, a 1 per cent like-for-like fall.
Meyrowitz said: "The fundamentals of our business remain strong as do our competitive and financial positions. Customer traffic is up across virtually all of our businesses, indicating that we are gaining market share through the strong values we offer our customers. In addition, as the retail landscape changes, we are seeing extremely advantageous real estate deals coming our way, which we believe will enhance our already strong competitive position.”
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