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Feb 21 (Reuters) - TJX Cos Inc (TJX.N) is likely to see a strong growth in annual sales as inflation pushes bargain-hungry but brand-conscious customers to off-price retailers offering cheaper deals and promotions. A case in point is Nordstrom Inc (JWN.N), which cut its annual profit forecast after its off-price store chain Rack failed to attract people despite heavy discounting due to inventory mismanagement. Jessica Ramirez, analyst at Jane Hali and Associates, said TJX is in tune with what the customer is shopping for and are interested. "TJX is very strong with their assortment ... they have been able to bring a lot of good names into their product offerings," she said. Reporting by Ananya Mariam Rajesh and Aatrayee Chatterjee in Bengaluru; Editing by Arun KoyyurOur Standards: The Thomson Reuters Trust Principles.

The leading retail industry group said including e-commerce, holiday sales which is not adjusted for inflation jumped to $936.3 billion during November and December. It had previously forecast a rise of between 6% and 8% over 2021 to between $942.6 billion and $960.4 billion. Separately, the Commerce Department said on Wednesday that retail sales dropped 1.1% in December putting consumer spending and the overall economy on a weaker growth path heading into 2023. According to the NRF, online and other non-store sales were up 9.5% at $261.6 billion, which fell short of its forecast of a 10% to 12% growth. During the holiday period, furniture and home furnishings stores saw sales drop 1.1%, while electronics and appliance sales fell 5.7% - the only two categories that saw a decline in the season.

Oct 10 (Reuters) - U.S. online holiday sales are expected to rise this year at their slowest pace since at least 2015, according to a report, as shoppers feel the brunt of decades-high inflation and soaring interest rates. Adobe Analytics forecast online sales in November and December to rise 2.5% to $209.7 billion, compared with an 8.6% increase a year ago, as more people also return to in-store shopping and bring forward purchases to as early as October. This is another sign of a gloomy holiday season, with FedEx Corp's (FDX.N) Ground division expecting to lower volume forecasts to reflect customers' plans to ship fewer holiday packages. Last month, Mastercard's (MA.N) SpendingPulse report also forecast a slowdown in shopping for the holidays. Black Friday online sales are expected to grow just by 1% and Thanksgiving sales are anticipated to fall 1%, the Adobe report said.

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