T.J. Maxx forecasts lower holiday profits amid higher costs

FRAMINGHAM, Massachusetts: This week, TJX Companies forecasted current-quarter profits to be below Wall Street expectations, indicating that rising costs were affecting the retailer's margins despite steady demand for bargains from customers.

Like several other U.S. retailers, T.J. Maxx has been struggling with higher costs caused by supply chain issues and higher wages despite freight-related expenses coming do