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Clothing & Shoes

TK Maxx owner ups profit guidance amid Q2 sales boost

The discount fashion retailer attributed this to lower freight costs, which increased its net income by 22% to $989m (£777m)

The UK arm of TJX Companies, TK Maxx, has raised its profit guidance for the full-year following a 8% year-on-year increase in sales to $12.8bn (£10bn) for the second quarter ended 29 July. 

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