T.K. Maxx

FRAMINGHAM, Mass.--(BUSINESS WIRE)--The TJX Companies, Inc. (NYSE: TJX) today reported February 2012 sales results. Sales for the four-week period ended February 25, 2012, were $1.6 billion, up 12% over the $1.5 billion achieved during the four-week period ended February 26, 2011. Consolidated comparable store sales for the four-week period ended February 25, 2012 increased 9% compared to last year. Carol Meyrowitz, Chief Executive Officer of The TJX Companies, Inc., stated, “We are very pleased that our momentum continued to build to a strong finish in February and to have posted a 9% increase in consolidated comparable store sales for

Framingham, Mass. -- TJX Cos. reported a 15% drop in fourth-quarter earnings, dragged down by costs to close its A.J. Wright store division. The company also plans to repurchase $1.2 billion of its stock this fiscal year and raise its dividend. The retailer earned $334.4 million in the three months ended Jan. 29, compared with $394.9 million in the same period last year. Revenue rose 6.5% to $6.33 billion. Same-store sales were up 2% over the prior year’s strong 12% increase. In 2011, TJX plans to increase capital spending to the $800 million to $825 million range to support

TJX has announced to open its first Canadian Marshalls stores in the Spring of 2011. Marshalls will be managed by TJX Canada; however, the retailer has not yet announced locations for these stores. The retailer has presence in Canada with banners such as Winners, HomeSense, and STYLESENSE. Carol Meyrowitz, President and Chief Executive Officer (CEO), TJX, stated: 'Canada has been a very successful market for TJX since we first entered in 1990, and we are excited to continue growing our Canadian business. We believe Marshalls will offer Canadians yet another avenue to great brands, great fashions, and excellent

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