As more and more big box brands like Walmart and Target report lagging sales and are even closing locations, what is the secret of T.J. Maxx’s appeal?
Yes, according to the company’s latest quarterly report.
The strength and flexibility of our off-price business model, depth of our organization’s expertise, and our wide demographic reach all give me great confidence in our ability to continue to succeed in today’s retail environment,” noted Ernie Herrman, CEO and president of TJX, the parent company of T.J. Maxx, Marshalls, Homegoods, Homesense, Sierra and Winners.
“We are set up extremely well to continue shipping fresh and compelling merchandise to our stores and online throughout the spring and summer,” he added. The company finished Q1 2023 with $11.8 billon in net sales, up 3% compared to the first quarter of the previous fiscal year. The company also experienced a 3% growth in overall comparable store sales. Net income for the first quarter of fiscal 2024 amounted to approximately $891 million.
If you purchase a product or register for an account through one of the links on our site, we may receive compensation.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Video shows a man held down by police in a Kansas City WalmartPolice in Kansas City are investigating an encounter recorded on video that shows a man being held down by multiple officers in a Walmart superstore on Thursday.
Leer más »
Why Walmart and Costco check receipts, and you should complyInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Leer más »
Walmart Is Being Sued Over Its Plastic BagsAmid the company's ambitious zero-waste goal, Walmart has been hit with a new lawsuit over its store-brand plastic bags.
Leer más »
Tag Yourself: Here Are the Most Personal Ways Advertisers Target You'Opiate Addiction,' 'Not That Jewish,' and 'Retiring On Empty' are just some of the hundreds of thousands of categories advertisers use to find you. The most sensitive details about your life are just another data point.
Leer más »
The Best Dupes at Target Are So Good, Your Friends Will Never Know the DifferenceFrom activewear to shoes to accessories-Target is the G.O.A.T.
Leer más »
January 6 Convictions Could Strengthen the State’s Ability to Target the LeftThe convictions are unlikely to make a long-term dent in the far right itself.
Leer más »