For the third quarter, TJX kept rolling, pointing to customer traffic as driving its earnings and sales performance as the off-price retailer positioned its holiday marketing campaigns for the fourth quarter.
For the second quarter, HomeGoods comparable sales, which now include those for HomeSense stores in the U.S., came in flat even as overall TJX posted a positive 2% comp.
TJX enjoyed a strong first quarter performance, highlighted by a solid comparable store sales increase above the company’s expectations.
TJX continued to strengthen its comp performance across all of its off-price banners in a strong fourth quarter.
TJX ended the year on a high note, as the off price retailer generated strong sales and earnings in the fourth quarter and fiscal year.
Need a feel-good story about brick-and-mortar housewares retailing as we head into the heart of the holiday shopping season?
With weather impacting sales, TJX posted flat comparable store sales in the third quarter versus the period a year earlier, although HomeGoods comps gained.
When TJX opened its first HomeSense store in Massachusetts in mid-August, consumers in the U.S. got a first look at the American version of the banner the company has operated in Canada and Europe for years— and what they likely noticed first was the abundance of furniture.
As TJX Companies brings its HomeSense store concept to the U.S. with a total of four locations expected to open this year, the retailer also has larger expansion plans.
TJX will open its first Homesense store in the United States with the first location planned for Framingham, MA.
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.
Housewares veterans like to remind everyone how the category historically has been a dependable business, prone to neither steep gains during economic booms nor steep declines during downturns.
TJX will bring its home store concept, HomeSense, to the U.S. later this summer, company officials said during its first quarter investor conference call.
Ben Cammarata will retire as board chairman of The TJX Companies as of the company’s annual meeting. Current plans call…
On the heels of a Walmart action, TJX Cos. announced that it would change its pay structure for hourly employees…
The TJX Companies, Inc. has elected William Swanson to its board of directors. Swanson is the former chairman and CEO…
For the second quarter ended August 2, The TJX Cos., Inc. posted net income of $517.6 million, or 73 cents…