By  on August 19, 2014

The off-price apparel model received a vote of confidence from investors Tuesday after The TJX Cos. Inc. reported a return to positive comparable-store sales at its Marmaxx unit in the second quarter following a flat performance in the first three months of the year.

Shares of TJX rose 8.7 percent to $58.56 on a combination of the comp gain, the company’s better-than-expected improvements in quarterly sales and revenues and its upward revision of full-year guidance.

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