TJX Companies news and archive

TJX reports strong Q1 results exceeding expectations

Off-price apparel and home fashions retailer the TJX Companies (TJX), which is based in the US, has announced financial results for the first quarter of fiscal year 2027 ended May 2, 2026, delivering growth that exceeded internal plans. The corporate group reported a 9 percent increase in net sales to 14.32 billion dollars in the first quarter...

Fashion

TJX Companies bans mohair and goes fur-free

TJX Companies, the parent company of off-price retail chains TJ Maxx and TK Maxx, has opted to remove all natural fur, including angora, derived from rabbits, and mohair, taken from angora goats, from its collections. The decision comes weeks after Swedish retail giant H&M faces mounting pressure to re-ban mohair from its collections following a...

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Business

TJX Companies exceeds expectations with strong Q4 and FY26 results

The TJX Companies, Inc. has reported impressive financial results, driven by a focus on off-price fundamentals and strong execution across its divisions. In the fourth quarter of fiscal rear 2026, net sales rose by 9 percent to 17.7 billion dollars compared to the same period last year. Consolidated comparable sales increased by 5 percent. Net...

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Business

TJX exceeds expectations in Q2 2026, raises full-year guidance

The TJX Companies, Inc. announced strong sales and operating results for the second quarter of its fiscal year 2026. Net sales for the quarter were 14.4 billion dollars, a 7 percent increase compared to the same period in the previous fiscal year. The company's second-quarter consolidated comparable sales increased by 4 percent. Net income for...

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Business

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 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...

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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 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’...

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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...

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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...