USA: TJX Cos Posts Q4 Profit Rise
Leading off-price retail chain operator TJX Cos today posted a 15 per cent climb in fourth quarter profit compared to the year-ago period thanks to solid sales growth across all areas of its businesses. The firm, which runs the of TJ Maxx, Marshalls and other off-price outlets, posted net income of $155.3 million, or 56 cents a share, compared with $135.2m, or 48 cents a share, in the same period in 2001.
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