TJX Companies news and archive

TJX forms JV with Mexican off-price retailer Grupo Axo

The TJX Companies has signed a joint venture agreement with Axo, an operator of global brands in Mexico and South America that includes both full and off-price formats. Under the terms of the agreement, the company said in a release, TJX would own 49 percent and Axo would own 51 percent of the joint venture. The joint venture would comprise Axo’...

Retail

TJX Companies utilizes in-store body cameras in battle against shoplifting

TJX Companies, the parent company of retail chains TJ Maxx, Marshalls, and HomeGoods, has begun equipping select store staff with body cameras in an attempt to reduce shoplifting while keeping employees and customers safe. During an earnings call last month, TJX Companies chief of finance John Klinger confirmed the retailer was using body...

Business

TJX Companies posts sales and earnings growth

The TJX Companies net sales for the first quarter were 12.5 billion dollars, an increase of 6 percent, while comparable store sales increased 3 percent. Net income for the quarter was 1.1 billion dollars and diluted earnings per share were 93 cents, up 22 percent versus the first quarter of fiscal 2024. Commenting on the first quarter trading,...

BusinessFeatured

TJX posts strong sales and earnings growth

The TJX Companies fourth quarter net sales were 16.4 billion dollars, an increase of 13 percent with comparable store sales increased 5 percent. For the full year, net sales of 54.2 billion dollars, increased 9 percent and comparable store sales increased 5 percent. Commenting on the results, Ernie Herrman, CEO and president of The TJX...

BusinessFeatured

TJX Companies posts strong Q3, raises earnings outlook

The TJX Companies net sales for the third quarter were 13.3 billion dollars, an increase of 9 percent, while the company’s overall comp store sales increased 6 percent. Net income for the quarter was 1.2 billion dollars and diluted earnings per share were 1.03 dollars, up 13 percent versus the same quarter of fiscal 2023. Diluted earnings per...

Business

TJX UK reports jump in full-year profit

The UK subsidiary of TJX Companies has reported a 17.5 percent increase in turnover in the year ended January 28, 2023. TJX UK, which operates off-price clothing chain TK Maxx, generated turnover of 3.89 billion pounds in the period, up from 3.31 billion pounds a year earlier. It’s also worth noting that the 17.5 percent increase came off the...

PeoplePartner Content

Early Careers at TJX: Pietro Gallo, Buyer

TJX Europe is part of The TJX Companies, Inc. (NYSE:TJX) and comprises the TK Maxx and Homesense brands. Both TK Maxx and Homesense operate an exciting off-price concept which offers unique and branded merchandise, always up to 60% less than the recommended retail price (RRP). TJX offers brand name and designer products of the season from...

BusinessFeatured

TJX posts Q2 sales and profit growth, raises outlook

The TJX Companies, Inc. net sales for the second quarter were 12.8 billion dollars, an increase of 8 percent versus the same quarter of fiscal 2023. The company’s comp store sales increased 6 percent. For the first six months, the company’s net sales were 24.5 billion dollars, an increase of 6 percent, while comp store sales increased 4 percent....

BusinessFeatured

TJX Q1 earnings up, raises full year forecast

The TJX Companies, Inc. announced net sales for the first quarter were 11.8 billion dollars, an increase of 3 percent versus the first quarter of fiscal 2023. The company’s overall comp store sales increased 3 percent. Net income for the quarter was 891 million dollars and diluted earnings per share were 76 cents, up 55 percent. Diluted earnings...

Business

TJX Companies increases quarterly dividend by 13 percent

The TJX Companies, Inc. has raised the amount of its quarterly dividend by 13 percent from the last dividend paid. The company’s board declared a regular quarterly dividend in the amount of 0.3325 cents per share, payable June 1, 2023, to shareholders of record on May 11, 2023. Commenting on the dividend increase, Ernie Herrman, chief executive...

BusinessFeatured

TJX Companies reports revenue and earnings growth

The TJX Companies, Inc. net sales for the fourth quarter were 14.5 billion dollars, an increase of 5 percent versus the fourth quarter of fiscal 2022. U.S. comp store sales, the company said in a release, increased 4 percent versus a 13 percent increase in U.S. open-only comp store sales in the fourth quarter of fiscal 2022. Net income for the...

Business

TJX announces promotion of John Klinger to chief financial officer

The TJX Companies, Inc. has promoted John Klinger to executive vice president, chief financial officer effective January 29, 2023, the beginning of TJX’s fiscal year. Klinger, the company said in a release, will oversee corporate finance for TJX, including audit, treasury, tax, and investor relations. He will continue to report to Scott...