BUSINESS
February 26, 2009 | Times Wire Reports
TJX Cos., owner of the T.J. Maxx and Marshalls chains, said fiscal fourth-quarter profit exceeded preliminary results after it cleared last season's merchandise with fewer markdowns than planned. Net income in the quarter ended Jan. 31 dropped to $250.7 million, or 58 cents a share, from $301.1 million, or 66 cents, a year earlier. Earnings excluding some one-time items were 55 cents a share, TJX said. The Framingham, Mass., company said Feb. 5 that adjusted profit would be 50 cents to 51 cents a share.
BUSINESS
November 12, 2008 | The Associated Press
TJX Cos., which operates the T.J. Maxx and Marshalls stores, reported a 6% decline in third-quarter profit as unfavorable exchange rates and a tough economy crimped results for the discount apparel retailer. The company also forecast a lower-than-expected fourth-quarter profit and cut its fiscal 2009 outlook. Profit declined to $235.8 million for the three-month period ended Oct. 25. That compares with $249.5 million in the year-earlier period.
BUSINESS
August 13, 2008 | From Times Staff and Wire Reports
TJX Cos., the owner of the T.J. Maxx and Marshalls chains, said second-quarter profit more than tripled as cash-strapped consumers bought reduced-price clothes and shoes. Net income climbed to $200.2 million, or 45 cents a share, as revenue increased 7.1% to $4.62 billion. Profit in the year-earlier period was $59 million, or 13 cents.
BUSINESS
November 14, 2007 | From Times Wire Services
TJX Cos. said its fiscal third-quarter profit rose 8%, and the off-price retailer slightly boosted its earnings forecast for the fourth quarter. The company also outlined long-term plans to expand by nearly 1,000 stores, and TJX's shares rose nearly 4%. The owner of more than 2,500 discount stores, including T.J.
BUSINESS
October 25, 2007 | From the Associated Press
At least 94 million Visa and MasterCard accounts may have been exposed to potential fraud in a data breach at TJX Cos., nearly double the previous estimate by the discount retailer. The figure was included in court filings this week that cited executives from the credit card associations. The filings in a bank case against TJX indicated that fraud-related losses involving Visa cards alone range from $68 million to $83 million, spread across 13 countries.
BUSINESS
September 22, 2007 | From Times Wire Services
TJX Cos. said it and Fifth Third Bancorp had agreed to settle class-action lawsuits brought on behalf of customers in the U.S., Puerto Rico and Canada who were victims of a criminal intrusion into TJX's computer system. Under the settlement, customers of TJX stores who had their driver's license or other identification information stolen after making returns without a receipt are being offered two to three years of credit monitoring and identity theft insurance and the cost of replacing IDs.