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.
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209 published items with the word (s) or phrase TJX in News, Trends, Videos, Photo galleries, Agenda and sorted by "date descending".
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![]( "T.J. Maxx parent misses estimates as lockdowns cut sales by $1 billion")
T.J. Maxx parent misses estimates as lockdowns cut sales by $1 billion -
![]( "TJX forecasts current-quarter comparable sales to drop up to 20%")
TJX forecasts current-quarter comparable sales to drop up to 20%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%.
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![]( "Sell, stow or dump? Retailers wrestle with mountain of unsold stock")
Sell, stow or dump? Retailers wrestle with mountain of unsold stockForget 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.
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![]( "Lululemon, TJX, The Outlets at Tejon begin store reopening")
Lululemon, TJX, The Outlets at Tejon begin store reopeningBrands 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.
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![]( "Lord & Taylor to liquidate its stores as soon as they reopen")
Lord & Taylor to liquidate its stores as soon as they reopenLord & 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.
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![]( "VF, PVH and TJX look to deal with coronavirus disruption through further cuts and furloughs")
VF, PVH and TJX look to deal with coronavirus disruption through further cuts and furloughsSince 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.
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![]( "TJX draws down $1 billion from credit line, suspends share buybacks")
TJX draws down $1 billion from credit line, suspends share buybacksDiscount 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.
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![]( "Burlington to pull out of e-commerce")
Burlington to pull out of e-commerceHaving 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.
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![]( "Nordstrom clocks fourth-quarter sales miss, Erik Nordstrom named sole CEO")
Nordstrom clocks fourth-quarter sales miss, Erik Nordstrom named sole CEONordstrom forecast a 2020 profit largely below market expectations on Tuesday, after the upscale apparel retailer missed estimates for fourth-quarter revenue, sending its shares down nearly 8% in after-market trading.
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![]( "Macy's holiday quarter beats Street, investors skeptical on strategy")
Macy's holiday quarter beats Street, investors skeptical on strategyMacy’s Inc holiday-quarter results beat analyst expectations on Tuesday, but investor skepticism around its cost-cutting strategy at a time of intense online competition sent shares down nearly 5%.