It’s that time of the year, again. Brands and retailers across the globe have begun unveiling their always highly anticipated festive campaigns. This season, trends seem to revolve around flipping the script on the stress usually associated with the season; incorporating well-known (animated) figures into the storyline; and proposing new...
22 Nov 2024
American retailer TK Maxx, known for offering products by well-known brand at discounted prices, has announced its entry into the Spanish market as part of an ambitious global expansion strategy. According to Ernie L. Herrman, the chief executive of the retailer's parent company TJX Companies, the decision is the result of years of analysis and...
The TJX Companies net sales for the third quarter were 14.1 billion dollars, an increase of 6 percent, while comparable store sales increased by 3 percent. Net sales for the first nine months were 40 billion dollars, an increase of 6 percent with comparable store sales increase of 3 percent. Net income for the quarter was 1.3 billion dollars and...
21 Nov 2024
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,...
23 May 2024
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...
29 Feb 2024
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...
30 Jan 2024
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...
16 Nov 2022
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...
17 Aug 2022
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...
18 May 2022
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...
23 Feb 2022
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...
17 Nov 2021
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...
30 Apr 2020
