At the TJX annual meeting, Ernie Herrman, president and CEO of the company, said that it will continue to leverage its business model to generate traffic gains and additional comparable store sales as a means to build the business and boost its value for investors while, at the same time, developing new initiatives.
HomeGoods provided a lift in a first quarter, ended April 29, in which The TJX Cos. posted net income of $536.3 million, or 82 cents per share, versus $508.3 million, or 76 cents per diluted share, in the period a year earlier.
TJX beat Wall Street estimates in its third quarter, with growth in both comparable store sales and net sales.
TJX’s off-price retailing strategies are continuing to pay off, as the company posted strong net sales and earnings in the second quarter, with HomeGoods leading the way.
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For the third quarter ended October 31, The TJX Cos. posted net income of $587.3…
A Black Friday study by the International Council of Shopping Centers (ICSC) demonstrated that 71%…
After a survey of more than 5,000 of its customers, Macy’s reported that clothing and…
