
TJX Cos Inc on Wednesday beat market estimates for quarterly net sales, as the easing of COVID-19 curbs prompted Americans to return to brick-and-mortar stores ahead of the reopening of schools.
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TJX Cos Inc on Wednesday beat market estimates for quarterly net sales, as the easing of COVID-19 curbs prompted Americans to return to brick-and-mortar stores ahead of the reopening of schools.
TJX Cos Inc reported better-than-expected quarterly results on Wednesday as mass COVID-19 vaccinations and the easing of restrictions encouraged more Americans to shop at its brick-and-mortar stores.
Discount store operator TJX Cos Inc missed estimates for holiday-quarter results on Wednesday, as coronavirus-induced lockdowns in Europe and Canada shaved about $1 billion off its sales.
TJX Cos Inc forecast current-quarter same-store sales to fall up to 20% after reporting a bigger-than-expected loss for the previous three months, sending the off-price retailer’s shares down about 7%.
Forget fast or slow fashion, now it’s ground to a halt. A mountain of apparel stock has been piling up in stores, distribution centers, warehouses and even shipping containers during months of COVID-19 lockdowns.
Brands such as Lululemon are gradually starting to welcome guests back to select locations, as well as major retailers and malls, including TJX and The Outlets at Tejon, in California.
Lord & Taylor plans to liquidate inventory in its 38 department stores once restrictions to curb the spread of coronavirus are lifted, people familiar with the matter said on Tuesday.
Since the beginning of the week, companies including Genesco, PVH, VF and TJX have announced a range of new measures designed to preserve their liquidity during the ongoing Covid-19 crisis.
Discount store operator TJX Cos Inc said on Thursday it was drawing down $1 billion from its existing credit line and suspending its share buyback program, in a difficult period brought on by the coronavirus pandemic.
Having reported solid growth in fiscal 2019, the off-price fashion retailer has revealed that it is planning to shutter its e-commerce operations in order to concentrate on its brick-and-mortar stores.