TJX profits dip as Q4 sales and traffic surge

TJX Companies on Wednesday reported fourth quarter net sales rose 2% year over year to $11.1 billion, as consolidated comparable store sales rose 6%, on top of a 4% increase in that metric in the year-ago quarter. Net income fell to $841.5 million from $877.3 million a year ago, according to a company press release. Customer traffic was the "primary driver" of comp sales increases across segments. The company's Marmaxx unit, which includes off-price retailers Marshalls and T.J. Maxx...
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