TJX did better than it thought it might in the third quarter, the company maintained, as HomeGoods performed particularly well and as the parent began taking steps to launch a dedicated e-commerce operation for the banner. Digital sales at homegoods.com will begin next year.
COVID-19 disrupted TJX’s fiscal 2021 first quarter operations, but while posting a deep loss, the company reported reopening its store and e-commerce businesses.
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 is recalling 1,600 bar stools due to a fall hazard, according to the United States Consumer Product Safety Commission.
Strong customer traffic drove stellar results for TJX across its retail banners in the second quarter.
T.J. Maxx is bringing back its The Maxx You Project, which is designed to serve as a community that encourages women to embrace their individuality but do so together, according to the retailer.
According to research by Fung Global Research & Technology, notions of a “retail apocalypse” in the U.S. have been driven by apparel specialty and apparel-focused department store closures and ignore strength in other brick-and-mortar based channels.
Need a feel-good story about brick-and-mortar housewares retailing as we head into the heart of the holiday shopping season?
TJX, through its T.J.Maxx, Marshalls and HomeGoods retail banners, has prepared a holiday promotion and contest, Gift My Gathering, that will provide five families with a custom holiday get-together.
The near future looks bright for off-price retailers, while department stores will continue to face challenges, according to a recent report from Moody’s Investors Service.
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.
Michelle Israel has been promoted to lead Macy’s Backstage and Bloomingdale’s The Outlets off-price divisions, according to a report by WWD. She will hold the title of senior vice president overseeing both divisions.
HomeGoods provided a lift in a first quarter, ended April 29, in which The TJX Cos. posted net income of $536.3 million, or 82 cents per share, versus $508.3 million, or 76 cents per diluted share, in the period a year earlier.
TJX beat Wall Street estimates in its third quarter, with growth in both comparable store sales and net sales.
The August 15 edition of HOMEWORLD BUSINESS® revealed the 11th Annual “Players,” people to watch in housewares during the next 12 months.
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The Harris Poll has released its 28th annual EquiTrend Study, identifying consumer’s top brand picks, including in the retail and…