TK Maxx owner TJX has seen sales increase 10% in the first quarter, with comparable store sales up by 7%.

Despite a hostile consumer environment and unseasonable weather, which has seen other fashion retailers flounder, the group reported net income in the period ending 30th April of $508 million.

It added that the second quarter that got off to a “solid” start, which gave it the company the confidence to increase its full-year guidance for both earnings per share and comparable sales.

Ernie Herrman, chief executive and president of TJX, commented: “We are particularly pleased with our very strong customer traffic, which drove the comp increases at every division.

"This tells us that our strategies to bring consumers exciting values on an eclectic and ever-changing mix of the right fashions and brands, sourced from across the globe, are working. We are confident that we are growing our customer base and gaining market share.”