Off-price retailer TJX Companies Inc on Tuesday posted a jump in second quarter net income to $130 million on the back of an 11 per cent climb in quarterly net sales to $2.8 billion compared to the year-ago period.

The operator of around 1,700 stores in the US, Canada and Europe, said consolidated comparable store sales increased two per cent while first half net income rose to $277m and net sales climbed 14 per cent to $5.4bn.

In a statement, the company said stores at its Winners Canadian division climbed 18 per cent in the quarter, with sales up 41 per cent at its TK Maxx European unit and six per cent at its US Marmaxx Group.

President and CEO, Edmond English, commented: "We are pleased with our second quarter results. Our disciplined inventory management enabled all of our businesses to achieve strong merchandise margins and each of our divisions met or exceeded our profit objectives.

"We continue to find plenty of opportunities in the marketplace and our inventory liquidity positions us extremely well to capitalize upon them and drive business in the second half of the year."