TJX Companies news and archive

TJX Companies increases quarterly dividend by 13 percent

Off-price retailer The TJX Companies 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 0.425 cents per share, payable June 5, 2025, to shareholders of record on May 15, 2025. CEO and president Ernie Herrman, said, “This marks our...

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...

BusinessFeaturedMember

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...

BusinessMember

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’...

Retail

TJX Companies utilizes in-store body cameras in battle against shoplifting

TJX Companies, the parent company of retail chains TJ Maxx, Marshalls, and HomeGoods, has begun equipping select store staff with body cameras in an attempt to reduce shoplifting while keeping employees and customers safe. During an earnings call last month, TJX Companies chief of finance John Klinger confirmed the retailer was using body...

BusinessMember

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,...

BusinessFeaturedMember

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...

BusinessFeaturedMember

TJX Companies posts strong Q3, raises earnings outlook

The TJX Companies net sales for the third quarter were 13.3 billion dollars, an increase of 9 percent, while the company’s overall comp store sales increased 6 percent. Net income for the quarter was 1.2 billion dollars and diluted earnings per share were 1.03 dollars, up 13 percent versus the same quarter of fiscal 2023. Diluted earnings per...

BusinessMember

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...

BusinessFeaturedMember

TJX posts Q2 sales and profit growth, raises outlook

The TJX Companies, Inc. net sales for the second quarter were 12.8 billion dollars, an increase of 8 percent versus the same quarter of fiscal 2023. The company’s comp store sales increased 6 percent. For the first six months, the company’s net sales were 24.5 billion dollars, an increase of 6 percent, while comp store sales increased 4 percent....

BusinessFeaturedMember

TJX Q1 earnings up, raises full year forecast

The TJX Companies, Inc. announced net sales for the first quarter were 11.8 billion dollars, an increase of 3 percent versus the first quarter of fiscal 2023. The company’s overall comp store sales increased 3 percent. Net income for the quarter was 891 million dollars and diluted earnings per share were 76 cents, up 55 percent. Diluted earnings...

BusinessMember

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...