TJX news and archive

TJX starts new financial year with turnover increase

US retail group TJX Companies Inc. increased its turnover again in the first quarter of the 2025/26 financial year. Although profits fell short of the level of the previous year, they exceeded management's forecast. This is according to current figures presented on Wednesday by the off-price specialist, which is represented in Europe by its TK...

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Business

TJX Surprises with Strong Annual Results

US-based retail group TJX Companies Inc. exceeded its own expectations in both the final quarter and the full 2024/25 fiscal year. The off-price specialist, which operates the TK Maxx and Homesense chains in Europe, also projected further growth for the current year on Tuesday. In the past fiscal year, which ended on February 1st, the group's...

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Business

Target, TJX & Macy's Q2 earnings top all estimates

Retailers Target Corp. (TGT), TJX Cos. Inc. (TJX) and Macy's, Inc. (M) reported Wednesday profits for the second quarter that topped analysts' estimates. Quarterly revenues at Target and TJX also beat estimates, while it misses by a whisker at Macy's. The improved results at the retailers were driven by gross margin expansion. Target and TJX...

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TJX forms JV with Mexican off-price retailer Grupo Axo

The TJX Companies has signed a joint venture agreement with Axo, an operator of global brands in Mexico and South America that includes both full and off-price formats. Under the terms of the agreement, the company said in a release, TJX would own 49 percent and Axo would own 51 percent of the joint venture. The joint venture would comprise Axo’...

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Business

TJX UK reports jump in full-year profit

The UK subsidiary of TJX Companies has reported a 17.5 percent increase in turnover in the year ended January 28, 2023. TJX UK, which operates off-price clothing chain TK Maxx, generated turnover of 3.89 billion pounds in the period, up from 3.31 billion pounds a year earlier. It’s also worth noting that the 17.5 percent increase came off the...

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TJX Companies increases quarterly dividend by 13 percent

The TJX Companies, Inc. has raised the amount of its quarterly dividend by 13 percent from the last dividend paid. The company’s board declared a regular quarterly dividend in the amount of 0.3325 cents per share, payable June 1, 2023, to shareholders of record on May 11, 2023. Commenting on the dividend increase, Ernie Herrman, chief executive...

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Retail

Lululemon and TJX begin reopening stores

As countries around the world begin easing their lockdown measures, many stores are able to reopen again. Lululemon and TJX join the list of companies that have announced their phased plan of renewed in-store services, with a focus placed on safety measures. Lululemon After closing the majority of its global stores in mid-March, Lululemon is...

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Business

TJX to furlough employees and cut executive pay

Even off-price retail chains, which have long been a sweet spot for retail even in the midst of a recession, are feeling the impact of COVID-19. TJX, the parent company of TJ Maxx and Marshalls, will be furloughing employees and cutting executive pay by 20 to 30 percent until further notice. Beginning April 12, the majority of in-store and...