Discount store operator TJX Cos Inc missed estimates for holiday-quarter results on Wednesday, as coronavirus-induced lockdowns in Europe and Canada shaved about $1 billion off its sales.
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188 published items with the word (s) or phrase TJX in News, Trends, Videos, Photo galleries, Agenda and sorted by "date descending".
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![]( "T.J. Maxx parent misses estimates as lockdowns cut sales by $1 billion")
T.J. Maxx parent misses estimates as lockdowns cut sales by $1 billion -
![]( "Sales rise but profits fall at TK Maxx owner TJX UK")
Sales rise but profits fall at TK Maxx owner TJX UKNet profits at TJX UK in the year to February fell to £84.4 million from £103.4 million, despite revenues rising 10.3% to £3.48 billion.
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![]( "TJX forecasts current-quarter comparable sales to drop up to 20%")
TJX forecasts current-quarter comparable sales to drop up to 20%TJX Cos Inc forecast current-quarter same-store sales to fall up to 20% after reporting a bigger-than-expected loss for the previous three months, sending the off-price retailer’s shares down about 7%.
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![]( "Sell, stow or dump? Retailers wrestle with mountain of unsold stock")
Sell, stow or dump? Retailers wrestle with mountain of unsold stockForget fast or slow fashion, now it’s ground to a halt. A mountain of apparel stock has been piling up in stores, distribution centers, warehouses and even shipping containers during months of COVID-19 lockdowns.
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![]( "VF, PVH and TJX look to deal with coronavirus disruption through further cuts and furloughs")
VF, PVH and TJX look to deal with coronavirus disruption through further cuts and furloughsSince the beginning of the week, companies including Genesco, PVH, VF and TJX have announced a range of new measures designed to preserve their liquidity during the ongoing Covid-19 crisis.
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![]( "Nordstrom reveals fourth-quarter sales miss, Erik Nordstrom named sole CEO")
Nordstrom reveals fourth-quarter sales miss, Erik Nordstrom named sole CEONordstrom forecast a 2020 profit largely below market expectations on Tuesday, after the upscale apparel retailer missed estimates for fourth-quarter revenue, sending its shares down nearly 8% in after-market trading.
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![]( "Global fashion market to grow 3.9% per year by 2025")
Global fashion market to grow 3.9% per year by 2025The global fashion market should grow by 64 billion dollars in five years, according to Kantar. Approximately half of that will come from five major players: Fast Retailing, Inditex, H&M, TJX and Old Navy.
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![]( "TJX raises full-year profit forecast after quarterly sales beat; announces acquisition of stake in Russia's Familia")
TJX raises full-year profit forecast after quarterly sales beat; announces acquisition of stake in Russia's FamiliaTJX Cos Inc raised its full-year profit forecast on Tuesday and reported better-than-expected quarterly same-store sales, as well as its acquisition of an ownership stake in Russian off-price retailer Familia.
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![]( "TK Maxx bucks tough UK trend with rising sales and profits")
TK Maxx bucks tough UK trend with rising sales and profitsDiscount retailer TK Maxx has seen sales and gross profit rising in the latest year as its UK expansion continued and it bucked the downward trend of the retail sector.
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![]( "TJX posts rare same-store sales miss as competition stiffens")
TJX posts rare same-store sales miss as competition stiffensTJX Cos Inc forecast third-quarter profit below expectations as the discount store operator faces intense competition from online and other retailers.