TJX Companies posts profit in Q3

The TJX Companies, Inc. has announced that net sales for the third quarter were 10.1 billion dollars, while overall open-only comp store sales were down 5 percent versus last year. The company said in a statement that net income for the quarter was 867 million dollars and diluted earnings per share were 71 cents versus 68 cents in the prior year. For the first two weeks of the fourth quarter, the company added that overall open-only comp store sales were down 7 percent.