×
1 858
Fashion Jobs
EUDON CHOI
Production Manager
Permanent · LONDON
TK MAXX
Loss Prevention Officer - tk Maxx Bristol
Permanent · Bristol
LONDON CONTOUR EXPERTS
Marketing Executive/Junior Manager
Permanent · LONDON
ESTÉE LAUDER
Tom Ford - Business Manager - Flannels - Fosse Park, Leicester - 37.5 Hours - Full-Time - Permanent
Permanent · Leicester
VF INTERNATIONAL
International Account Coordinator - Ftc 12 Month
Permanent · NOTTINGHAM
TIMBERLAND
Credit Controller - German Speaking - Timberland
Permanent · CALVERTON
THE NORTH FACE
Credit Controller - Italian Speaking - The North Face
Permanent · CALVERTON
THE NORTH FACE
Credit Controller - French Speaking - The North Face
Permanent · CALVERTON
PINKO
Supervisor
Permanent · MANCHESTER
RALPH LAUREN
Operations Manager
Permanent · Cheshire
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - Sprucefield - 30 Hours - Full Time, Permanent
Permanent · Lisburn
ESTÉE LAUDER
Clinique - Consultant - Edinburgh, John Lewis - 37 Hours - Full-Time, Permanent
Permanent · Edinburgh
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - Sprucefield - 30 Hours - Full Time, Permanent
Permanent · Lisburn
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - 30 Hours - Full Time, Permanent
Permanent · Lisburn
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - 30 Hours - Full Time, Permanent
Permanent · Lisburn
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - 30 Hours - Full Time, Permanent
Permanent · Lisburn
ESTÉE LAUDER
Clinique - Consultant - House of Fraser, Maidstone - 15 Hours - Part Time, Permanent
Permanent · Maidstone
ESTÉE LAUDER
Clinique - Consultant - Boots, Princes Street, Edinburgh - 14 Hours - Part Time - Permanent
Permanent · Edinburgh
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - 30 Hours - Full Time, Permanent
Permanent · Lisburn
HUGO BOSS
Wholesale - Senior Sales Executive - Hugo Womenswear
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - John Lewis, Edinburgh - 16 Hours - Part Time, Permanent
Permanent · Edinburgh
SHISEIDO
Marketing Director - Shiseido, Clé de Peau Beauté, Drunk Elephant
Permanent · London
Published
Oct 25, 2021
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

TK Maxx operator TJX UK swings to big loss on Covid impact

Published
Oct 25, 2021

TJX UK has reported plunging turnover and a loss for the year to January (its fiscal year 2021) in a results filing at Companies House.


TK Maxx



The firm is a subsidiary of TJX Europe and part of the wider US-based TJX operation. It runs the value-focused TK Maxx and Homesense stores in Britain.

As mentioned, turnover fell sharply with a 34.6% drop to £2.278 billion during the period after having risen 10.3% in the previous year. The company also made a net loss of £205.9 million after being in profit to the tune of £84.4 million in the 2020 financial year. The pre-tax loss was £254 million after a previous profit of £104 million.

The company said it was "significantly impacted" by the pandemic due to the temporary closure of its stores, distribution centres and offices. It also meant it had to modify its operations generally and that consumer behaviour changed. And it added that it “also felt the impact of uncertainty regarding the length of time stores were closed”.

In fact, its shops were shut for around 41% of the period, while its distribution centres were closed for 27% of the time. And even its online business was actually offline for 10% of the reporting period, although it clearly managed to get it up and running and adapted to the new normal relatively quickly.

The company also took measures to shore up its finances and borrowed £200 million under a revolving credit facility linked to its parent company. And it used government business support measures to help it through as well.

Copyright © 2021 FashionNetwork.com All rights reserved.