TK Maxx news and archive

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...

Retail

Value retailers see increase in footfall

In 2023, the fashion industry encountered challenges ranging from high prices to evolving workplace attire. Despite these headwinds, certain segments, particularly off-price and thrift stores, experienced significant growth as consumers shifted towards more economical choices, according to data release by Placer.ai. The overall fashion category...

BusinessFeatured

TJX Companies earnings beat expectations, sales drop

Third quarter net sales at The TJX Companies, Inc. were 12.2 billion dollars, a decrease of 3 percent versus the third quarter of fiscal 2022. The company’s U.S. comp store sales decreased 2 percent versus a 16 percent increase in U.S. open-only comp store sales in the third quarter of fiscal 2022. Net income for the quarter was 1.1 billion...

BusinessFeatured

TJX Companies posts 2 percent sales drop in Q2 but lifts FY23 outlook

The TJX Companies, Inc. reported net sales for the second quarter of 11.8 billion dollars, a decrease of 2 percent versus the second quarter of fiscal 2022. The company’s U.S. comp store sales decreased 5 percent versus a 21 percent increase in U.S. open-only comp store sales in the second quarter of fiscal 2022. Net income was 809 million...

Business

The TJX Companies posts 13 percent sales growth

The TJX Companies’ net sales for the first quarter were 11.4 billion dollars, an increase of 13 percent versus the first quarter of fiscal 2022. U.S. comp store sales growth rounded down to flat over a 17 percent increase in U.S. open-only comp store sales in the first quarter of fiscal 2022. Net income was 587 million dollars and GAAP diluted...

Business

TJX Companies net sales improve 27 percent

The TJX Companies, Inc. has announced net sales for the fourth quarter of 13.9 billion dollars, an increase of 27 percent versus the fourth quarter of fiscal 2021. Net sales for the fourth quarter of fiscal 2022 increased 14 percent versus the fourth quarter of fiscal 2020. U.S. open-only comp store sales increased 13 percent over a 6 percent...

Business

TJX Companies same-store sales increase 14 percent over Q320

The TJX Companies, Inc. net sales for the third quarter of fiscal 2022 were 12.5 billion dollars, an increase of 24 percent versus the third quarter of fiscal 2021 and 20 percent versus the third quarter of fiscal 2020. Overall open-only comp store sales increased 14 percent over a 4 percent increase in the third quarter of fiscal 2020. Net...

Business

TJX posts net loss of 887 million dollars

The TJX Companies, Inc. has reported net sales for the first quarter of 4.4 billion dollars, while net loss reached 887 million dollars and loss per share was 74 cents. The company said in a statement that its first quarter results were negatively impacted by the temporary closure of its stores for approximately half of the quarter due to the...

Retail

TK Maxx reopens online operations, creates fund for Covid-19 relief

TK Maxx has become the latest brand to relaunch its online operations after introducing new health and safety measures. The American department store chain has implemented new social distancing practices at its facilities, provided personal protection for its employees and enhanced its cleaning and sanitation procedures. The company has also...

Retail

TK Maxx to open store at Queensgate shopping centre

TK Maxx is set to open a store at Queensgate Shopping Centre in Peterborough in March. The fashion and lifestyle brand will be opening a 37,500-square-foot unit on Queensgate’s Upper Mall, which will open formally in mid-2021. The store will have a flexible no-walls design which will allow it to expand and contract departments to reflect the...

Fashion Featured

Boohoo & TK Maxx among online retailers selling real fur labelled as fake

London - Fashion retailers still have difficulty spotting the difference between real fur and fake, which has lead to a number of online giants, including Boohoo.com, TK Maxx, Miss Bardo and Amazon UK unknowingly selling real fur as faux. Together with the likes of Groupon, Etsy and Not On The High Street, these online retailers have been...