TK Maxx 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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Fashion

Watch: From hero gnomes to stylish goats, all the festive fashion films to know for 2024

It’s that time of the year, again. Brands and retailers across the globe have begun unveiling their always highly anticipated festive campaigns. This season, trends seem to revolve around flipping the script on the stress usually associated with the season; incorporating well-known (animated) figures into the storyline; and proposing new...

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Retail

TK Maxx to land in Spain with over 100 outlets

American retailer TK Maxx, known for offering products by well-known brand at discounted prices, has announced its entry into the Spanish market as part of an ambitious global expansion strategy. According to Ernie L. Herrman, the chief executive of the retailer's parent company TJX Companies, the decision is the result of years of analysis and...

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Business

After strong Q3, TJX raises earnings outlook

The TJX Companies net sales for the third quarter were 14.1 billion dollars, an increase of 6 percent, while comparable store sales increased by 3 percent. Net sales for the first nine months were 40 billion dollars, an increase of 6 percent with comparable store sales increase of 3 percent. Net income for the quarter was 1.3 billion dollars and...

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Business

TJX Companies posts sales and earnings growth

The TJX Companies net sales for the first quarter were 12.5 billion dollars, an increase of 6 percent, while comparable store sales increased 3 percent. Net income for the quarter was 1.1 billion dollars and diluted earnings per share were 93 cents, up 22 percent versus the first quarter of fiscal 2024. Commenting on the first quarter trading,...

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Business

TJX posts strong sales and earnings growth

The TJX Companies fourth quarter net sales were 16.4 billion dollars, an increase of 13 percent with comparable store sales increased 5 percent. For the full year, net sales of 54.2 billion dollars, increased 9 percent and comparable store sales increased 5 percent. Commenting on the results, Ernie Herrman, CEO and president of The TJX...

Retail

Value retailers see increase in footfall

In 2023, the fashion industry encountered challenges ranging from high prices to evolving workplace attire. Despite these headwinds, certain segments, particularly off-price and thrift stores, experienced significant growth as consumers shifted towards more economical choices, according to data release by Placer.ai. The overall fashion category...

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Business

TJX Companies earnings beat expectations, sales drop

Third quarter net sales at The TJX Companies, Inc. were 12.2 billion dollars, a decrease of 3 percent versus the third quarter of fiscal 2022. The company’s U.S. comp store sales decreased 2 percent versus a 16 percent increase in U.S. open-only comp store sales in the third quarter of fiscal 2022. Net income for the quarter was 1.1 billion...

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Business

TJX Companies posts 2 percent sales drop in Q2 but lifts FY23 outlook

The TJX Companies, Inc. reported net sales for the second quarter of 11.8 billion dollars, a decrease of 2 percent versus the second quarter of fiscal 2022. The company’s U.S. comp store sales decreased 5 percent versus a 21 percent increase in U.S. open-only comp store sales in the second quarter of fiscal 2022. Net income was 809 million...

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Business

The TJX Companies posts 13 percent sales growth

The TJX Companies’ net sales for the first quarter were 11.4 billion dollars, an increase of 13 percent versus the first quarter of fiscal 2022. U.S. comp store sales growth rounded down to flat over a 17 percent increase in U.S. open-only comp store sales in the first quarter of fiscal 2022. Net income was 587 million dollars and GAAP diluted...

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Business

TJX Companies net sales improve 27 percent

The TJX Companies, Inc. has announced net sales for the fourth quarter of 13.9 billion dollars, an increase of 27 percent versus the fourth quarter of fiscal 2021. Net sales for the fourth quarter of fiscal 2022 increased 14 percent versus the fourth quarter of fiscal 2020. U.S. open-only comp store sales increased 13 percent over a 6 percent...