TJX Companies news and archive

TJX posts 16 percent increase in Q1 comparable sales

The TJX Companies, Inc. net sales for the first quarter were 10.1 billion dollars, an increase of 129 percent compared to the same quarter in fiscal 2021, while net sales increased 9 percent versus the first quarter of fiscal 2020. Overall open-only comp store sales increased 16 percent. Net income for the quarter was 534 million dollars and...

Business

TJX Companies announces quarterly dividend

The TJX Companies, Inc. has announced a quarterly dividend on its common stock of 26 cents per share payable June 3, 2021, to shareholders of record on May 13, 2021. The TJX Companies is an off-price retailer of apparel and home fashions in the U.S. and worldwide. As of January 30, 2021, the end of the company’s fiscal year, the Company operated...

Business

TJX Companies posts drop in Q4 sales and profit

The TJX Companies, Inc. net sales for the fourth quarter were 10.9 billion dollars compared to 12.2 billion dollars in the fourth quarter last year, with overall open-only comp store sales down 3 percent versus last year. Net income for the fourth quarter was 326 million dollars and diluted earnings per share were 27 cents. The company said that...

Business

TJX declares 13 percent rise in quarterly dividend

The TJX Companies, Inc. announced a quarterly dividend on its common stock of 26 cents per share payable March 4, 2021, to shareholders of record on February 11, 2021. This, the company said in a statement, represents a 13 percent increase in the per share dividend compared to the previous dividend paid in March 2020. At the end of the company’s...

Business

TJX Companies posts profit in Q3

The TJX Companies, Inc. has announced that net sales for the third quarter were 10.1 billion dollars, while overall open-only comp store sales were down 5 percent versus last year. The company said in a statement that net income for the quarter was 867 million dollars and diluted earnings per share were 71 cents versus 68 cents in the prior...

Business

TJX Companies elects José Alvarez to its board of directors

The TJX Companies, Inc. has announced that on September 16, 2020, its board of directors elected José B. Alvarez to the board, effective immediately. The company said in a statement that Alvarez previously served on TJX’s board from 2007 through 2018. Commenting on Alvarez’s appoint to the board, Carol Meyrowitz, Executive Chairman of the board...

TJX Companies elects José Alvarez to its board of directors

Business

TJX Companies revenue drops 31.8 percent for Q2

TJX Companies reported its net loss for Q2 slipped on Wednesday. Revenues decreased by 31.8 percent from the same period last year. For Q2, the company's net profit was -214 million dollars, dropped from 759 million dollars last year. Furthermore, revenues decreased to 6,668 million dollars. Compared to 8 percent a year ago, the profit margin of...

Retail

TJ Maxx halts e-commerce business for two weeks

While many retailers are depending on their e-commerce operations to drive business amid brick-and-mortar closures related to the COVID-19 outbreak, TJX has decided to also shutter its online sales for two weeks. The retail company, which include TJ Maxx, Marshall's and Home Goods, has done this to allow all employees from its retail stores,...

Retail

Marshalls debuts first-ever online store

Marshalls has finally joined the world of e-commerce. With over 1,100 stores in the U.S. and Canada, retailer has been a fan-favorite for selling off-price clothing, accessories and home goods for decades. Now, Marshalls is bringing its same discount finds online. The retailer has been owned by parent company TJX Companies since the...

BusinessFeatured

TJX Companies: Q1 adjusted earnings per share increase 17 percent

The TJX Companies, Inc. announced that net sales for the first quarter of fiscal 2019 increased 12 percent to 8.7 billion dollars, while consolidated comparable store sales increased 3 percent over the comparable period last year ending May 6, 2017. Net income for the quarter was 716 million dollars and diluted earnings per share were 1.13...

BusinessFeatured

TJX Companies net sales up 8 percent in FY18, hikes dividend

The TJX Companies, Inc. said that net sales for the 14-week fourth quarter of fiscal 2018 increased 16 percent to 11 billion dollars, while consolidated comparable store sales on a 13-week basis increased 4 percent, compared to last year’s 3 percent increase. For the 53-week fiscal year, net sales increased 8 percent to 35.9 billion dollars....