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.
For the fourth quarter ended January 28, TJX Co. posted net income of $677.9 million, or $1.03 per diluted share, versus $666.5 million, or 99 cents per diluted share, in the year-before quarter.
According to a study from First Insights, a pricing technology solutions firm, bargain hunting is having a big effect on retail prospects today, with 45% of women who responded to a survey stating that they must see a markdown of 41% or greater to even enter a store today.
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.
As a number of leading U.S. retailers struggled through the first quarter of 2016, TJX…
The TJX Cos. board of directors has officially elected Ernie Herrman CEO as part of…
Casa Vigar SL, a household cleaning tool product manufacturer based in Spain, is leveraging its…
Off-price is on a roll, as value retailing shows no sign of losing the momentum…
The TJX Companies, Inc. has announced that its net sales for the second quarter of…
The TJX Cos. has signed a definitive agreement to purchase Trade Secret, an off-price retailer…
