TJX's quarterly performance was one of few bright spots in the gloomy U.S. retail environment, proving that the company's off-price business model was luring shoppers even as competition from Amazon.com Inc intensifies.
JD.com Inc, China's second-largest e-commerce firm, posted a wider net loss in the second quarter as marketing costs offset higher-than-forecast revenue growth, sending its shares sharply lower on Monday.
J.C. Penney Co Inc's stock hit a life-low as major store closures and a challenging retail scene drove the embattled department store chain to a bigger-than-expected quarterly loss and took a toll on comparable sales.
Next showed it can still compete with nimble online rivals in Q2, but while its e-sales recovered, its retail stores struggled and its clearance was less successful than usual so it remains cautious for the second half.
In a collaboration with the Danish design company Hay, the Swedish furniture retailer will be debuting the Ypperlig home collection this fall, which includes a chicer version of its iconic blue carrying tote.