TJX Companies Inc

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Low cost sourcing less of an option for retailers

Upward pressure on sourcing costs is one of the new challenges set to face US apparel retailers in 2016 as a "fair, living wage" and "decent...

Athletic players well positioned amid disruption

Deflationary pressures, the rise of Amazon and the expansion of off-price and fast fashion chains all have the potential to disrupt traditio...


Katie Smith | 12 Feb 2015

As the threat of a US West Coast port shutdown looms, analysts already estimate the ongoing disruption could add an eye-watering US$36.9bn to costs over the next 24 months. As the congestion continues to cause headwinds for apparel businesses, retailers are being told they must investigate new supply chain options, including more near- and on-shoring.


Katie Smith | 29 Aug 2014

The second biggest shopping season of the year is drawing to a close, but it appears many people have yet to wrap up their back-to-school buying. With consumers continuing to remain cautious about their spending, promotions and bargains are set to drive sales for clothing and footwear retailers this year - with those offering on-trend product likely to fare best.


Katie Smith | 29 Aug 2014

The second biggest shopping season of the year is drawing to a close, but it appears many people have yet to wrap up their back-to-school buying. With consumers continuing to remain cautious about their spending, promotions and bargains are set to drive sales for clothing and footwear retailers this year - with those offering on-trend product likely to fare best.


Katie Smith | 29 Aug 2014

The second biggest shopping season of the year is drawing to a close, but it appears many people have yet to wrap up their back-to-school buying. With consumers continuing to remain cautious about their spending, promotions and bargains are set to drive sales for clothing and footwear retailers this year - with those offering on-trend product likely to fare best.

Latest News

In the most recent fourth-quarter filings from US apparel brands and retailers, Destination Maternity and Perry Ellis saw their losses narrow, while New York & Co moved to a net profit. However, Iconix Brand Group cut its outlook after swinging to a loss, Finish Line saw its net profit plummet 90%, and Cherokee Global Brands posted a mixed performance. 


Michelle Russell | 2 Feb 2016

Off-price retailer TJX Companies has appointed Ernie Herrman as its chief executive as part of a CEO succession plan announced last October. 


In the most recent third-quarter filings from US apparel brands and retailers Gymboree, Aeropostale, Sears and New York & Co narrowed their losses, while Oxford Industries, Destination Maternity and J Crew saw theirs widen. Both The Finish Line and Men's Wearhouse swung to a loss. On a positive note, The Children's Place, Express, American Eagle Outfitters, G-III Apparel Group and Abercrombie & Fitch booked higher earnings. 


Michelle Russell | 8 Oct 2015

The CEO succession plan at TJX Companies is a positive move by the US retail group, analysts have said, as Ernie Herrman gets set to take the helm early next year.


Second-quarter earnings for the retail sector as a whole are forecast to be lower than the prior month, despite easy year-on-year comparisons. The Finish Line posted a small drop in net income, Zumiez saw its profit more than halve, Cherokee Global Brands posted a double-digit decline in net earnings, while Christopher & Banks swung to a loss, and Hudson's Bay was back in the black. 


Michelle Russell | 29 Jul 2015

US retail group The TJX Companies has signed an agreement to purchase Australian off-price fashion retailer Trade Secret.


Michelle Russell | 19 May 2015

US off-price retailer The TJX Companies has upped its full-year earnings guidance on the back of a “strong” first-quarter performance.


Michelle Russell | 19 May 2015

US off-price retailer The TJX Companies has upped its full-year earnings guidance on the back of a “strong” first-quarter performance.


Michelle Russell | 23 Apr 2015

Bernard Cammarata, the chairman and founder of US off-price retailer The TJX Companies is to retire.


Michelle Russell | 23 Apr 2015

Bernard Cammarata, the chairman and founder of US off-price retailer The TJX Companies is to retire.


Richard Woodard | 26 Feb 2015

Across-the-board sales and comps increases for its divisions helped cut-price retail group The TJX Companies to record a 15% lift in fourth-quarter net profit.


Richard Woodard | 26 Feb 2015

Across-the-board sales and comps increases for its divisions helped cut-price retail group The TJX Companies to record a 15% lift in fourth-quarter net profit.


Richard Woodard | 26 Feb 2015

Across-the-board sales and comps increases for its divisions helped cut-price retail group The TJX Companies to record a 15% lift in fourth-quarter net profit.


Richard Woodard | 26 Feb 2015

Across-the-board sales and comps increases for its divisions helped cut-price retail group The TJX Companies to record a 15% lift in fourth-quarter net profit.


Michelle Russell | 24 Feb 2015

Solid results are expected for apparel retailers TJX Companies and Ross Stores, analysts have said, thanks to the ongoing resilience and competitive strength of the off-price business model.


Richard Woodard | 6 Jan 2015

Holiday apparel sales increased by as little as 1% in the US, with higher online spending offsetting continued weakness at bricks and mortar stores.


Richard Woodard | 6 Jan 2015

Holiday apparel sales increased by as little as 1% in the US, with higher online spending offsetting continued weakness at bricks and mortar stores.


Michelle Russell | 18 Nov 2014

US off-price retailer The TJX Companies says it is pleased with its third-quarter performance after booking earnings that met analyst expectations.


Michelle Russell | 18 Nov 2014

US off-price retailer The TJX Companies says it is pleased with its third-quarter performance after booking earnings that met analyst expectations.


Michelle Russell | 18 Nov 2014

US off-price retailer The TJX Companies says it is pleased with its third-quarter performance after booking earnings that met analyst expectations.


Michelle Russell | 18 Nov 2014

US off-price retailer The TJX Companies says it is pleased with its third-quarter performance after booking earnings that met analyst expectations.


Michelle Russell | 19 Aug 2014

Off-price retailer The TJX Companies has booked an increase in second-quarter earnings and upped its EPS guidance for the full year.


Michelle Russell | 19 Aug 2014

Off-price retailer The TJX Companies has booked an increase in second-quarter earnings and upped its EPS guidance for the full year.


Michelle Russell | 19 Aug 2014

Off-price retailer The TJX Companies has booked an increase in second-quarter earnings and upped its EPS guidance for the full year.

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