TJX news and archive

TJX raises annual forecasts again following surprisingly strong quarterly figures

US retail group TJX Companies Inc. (TJX) exceeded its own forecasts and analyst expectations in the third quarter of the 2025/26 financial year. Consequently, the company set higher targets for the full year on Wednesday. The off-price specialist, represented in Europe by its TK Maxx and Homesense formats, generated net sales of 15.1 billion...

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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...