TJ Maxx to increase prices ahead of holiday rush

Looking for a bargain this holiday season? TJ Maxx may no longer be the best place.
The CEO of TJX Companies says they have been strategically raising prices on select items and that it's working effectively.
The price increase is a result of the global supply chain crisis, delays at ports and high demand.
The company says it also has to make up the difference because employees received a pay increase.