Editor
Off-price retailer TJX Cos raised annual profit forecast after quarterly results beat estimates on Wednesday, banking on gains from easing costs and strong demand for its affordable apparel and accessories.
Shares of the company were up about 5 percent in early trading.
Over the past six quarters, TJX has kept prices low to attract shoppers who are worried about spending in an inflationary environment.
With newer product assortments and…
