Tag Archives: Marmaxx

TJX Q1 Net Relatively Flat

TJX

FRAMINGHAM, Mass.-A larger-than-expected negative impact from foreign currency exchange rates muted The TJX Cos.’ first-quarter net income to a 0.3 percent increase. Carol Meyrowitz, TJX’s CEO, said the impact of the exchange rates exceeded the company’s guidance for the quarter. Meyrowitz added that sales in the quarter, which ended on May 3, “were not asMore »

Alfred Marshall, Founder of Marshalls, Passes

Marshalls to Open First Canadian Stores in 2011

NEW YORK-Alfred Marshall, founder of the Marshalls chain of off-price department stores, has died. He was 94. Marshall died in Boca Raton, Fla., on Dec. 28 after a short illness, according to press reports. According to a company history on Wikipedia, Marshall founded the chain, along with Bernard Goldston and Norman Barren, in 1956. HisMore »

TJX Raises Expectations for Store Counts, Financial Performance

TJX

FRAMINGHAM, Mass.-As it prepares to hold an investor event today, The TJX Cos. has increased its forecasts for both long-term store growth and financial performance for the third quarter and the full fiscal year. In a company statement, TJX said it is raising its estimates for store growth with its current chains in its currentMore »

TJX Net Gains 13.9 Percent in Q2

TJX

FRAMINGHAM, Mass.-With sales across all of its divisions showing healthy increases, The TJX Cos. posted a 13.9 percent rise in second-quarter net income, which reached $479.6 million. Total company net sales in the quarter, which ended on Aug. 3, was $6.4 billion, up 8.4 percent from last year’s second quarter. Same-store sales for the companyMore »