TK Maxx

Off-price retail group TJX Companies, owner of TK Maxx, has reported an increase in full-year sales, but expects exchange rates to hit profit margin.

Frasers Group, Primark and TK Maxx are among the retailers eyeing up former Wilko stores, Drapers understands.

TJX UK, the UK subsidiary of TJX Companies which owns TK Maxx and Homesense, has reported a 17.5% rise in turnover to £3.9bn for the year to 28 January, as sales recover following the pandemic.

TJX Companies, US-based owner of discounting fashion and home retailer TK Maxx, has raised its full-year outlook after reporting an 8% year-on-year increase in net sales to $12.8bn (£10bn) for the second quarter of its financial year, ending 29 July 2023.

The owner of discount fashion retailer TK Maxx has boosted its finacial forecasts as it bets on an easing cost of living crisis to revive customer spend.

Here's what you need to know from this weekend's news.