TITLE

Despite Sales Gains, TJX Profits Slide

AUTHOR(S)
Hogsett, Don
PUB. DATE
February 2005
SOURCE
Home Textiles Today;2/28/2005, Vol. 26 Issue 25, p16
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the financial performance of TJX Cos. Inc. for the fourth quarter. The profits of the retailer slide 25.9 percent, to $176.9 million from $238.7 million last year, an earnings shortfall of more $61 million. The retailer boosted sales in the closing quarter by 5.4 percent, to $4.3 billion from $4.1 billion, helped by a strong performance at two of its home fashions units, HomeGoods in the U.S. market and HomeSense in Canada. Marmaxx profits dropped off by 9.5 percent, to $281.5 million from $311.1 million.
ACCESSION #
16261034

 

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