Hints and tips:
...It is squeezed by luxury retailers on one side and discount chains such as TJ Maxx on the other. It struggles to set itself apart....
...Witness the rise of names such as Primark, TJ Maxx, Aldi and Lidl. In Japan, the Daiso chain even boasts a branch that stretches over seven floors....
...US retailers TJX (owner of TJ Maxx, Marshalls, and HomeGoods), Ross Stores, and Burlington Stores have little to no online business. The off-price business model is all about the thrill of the chase....
...TJX, the Massachusetts-based company behind Marshalls, TJ Maxx and Home Goods, said it saw “an opportunity to invest in an established, off-price retailer with significant growth potential in the Russian...
...They include Story, a “store-within-a-store” concept, and Backstage, a discounting format designed to emulate the success of “off-price” retailers such as TJ Maxx that Mr Gennette said on Wednesday the company...
...Some middle-class shoppers buy their clothes at TJ Maxx out of choice. They top up their pantries with trips to dollar stores in the same bargain-hunting spirit....
...Car manufacturer Ford borrowed $15.4bn and announced it would shut down factories to preserve cash; brewer Anheuser-Busch InBev raised $9bn as taps stopped flowing; and TJ Maxx-owner TJX and Kohl’s each...
...The discount retail group, which operates TJ Maxx and Marshalls, reported a stronger-than-forecast 4 per cent rise in like-for-like sales and lifted its earnings guidance for the full year....
...Maxx owner invests $225m in Russian retailer Familia (FT) Megvii plan for IPO signals show of confidence in Hong Kong (FT) Due Diligence is written by Arash Massoudi, Kaye Wiggins and Robert Smith in...
...TJX, which owns Marshalls and TJ Maxx, announced a 5 per cent rise in like-for-like sales on Tuesday....
...Comparable sales at Marmaxx, the combination of TJ Maxx and Marshalls which is the company’s largest division, rose 7 per cent....
...Sales at Marmaxx, the combination of TJ Maxx and Marshalls which is the company’s largest division, rose 4 per cent....
...Like-for-like sales at TJ Maxx owner TJX jumped 7 per cent from a year ago, for instance....
...Earlier this week, TJX, which operates rival stores including Marshalls and TJ Maxx, saw its shares move higher after it reported its best same-store sales growth in two years....
...TJX, the company behind discount retailers TJ Maxx and Marshalls, saw its shares hit a new record high on Wednesday after posting fourth quarter sales and earnings that trounced analysts’ estimates....
...However, Thursday’s results underscore that they are not immune to some of the same pressures, including fierce competition in the sector from rivals like TJX Cos — which operates TJ Maxx and Marshalls stores...
...Maxx and bro-outfitter Abercrombie & Fitch....
...The company behind TJ Maxx and Marshalls reported flat same-store sales growth during the third quarter....
...Last week, TJX — the operator of TJ Maxx and Marshalls off-price retailers — saw its shares hit an all-time high after its earnings trounced expectations....
...TJX Cos said same-store sales grew more than expected in the second quarter driven by growth in customer traffic as the off-price retailer behind stores like TJ Maxx and Marshalls continued to grow market...
...The company behind TJ Maxx and Marshalls saw its shares drop 4 per cent by close of trading — the biggest one-day fall since May — to $67.94 as it reported flat same-store sales growth during the third quarter...
...It has also sought to fight back against the rise of off-price retailers like TJ Maxx and Marshalls with Backstage, its own chain of stores that sell branded clothing at a sharp discount....
...Over the past year, Ross Stores is up 1 per cent, TJ Maxx and Marshalls parent TJX is down 0.7 per cent and Burlington has risen almost 20 per cent....
...Dollar stores and off-price chains like TJ Maxx and Marshalls that sell brand name goods for less have all been posting solid sales growth in the otherwise crisis-stricken retail sector....
...By contrast, TJX Companies, the parent of off price discount chains TJ Maxx and Marshalls, and one of the more resilient retailers, was punished by investors after posting a rare miss in comparable sales...
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