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LexPan Kwan Yuk
The Lex Newsletter: will retail zombies rise again? Premium content
...The biggest of these is TJX, which owns TJ Maxx, Marshalls and HomeGoods. The misfortunes of some retail zombies may bring life to other store chains. Enjoy the rest of your week....
July 13, 2022
Style
New York says goodbye to Century 21
...Customer traffic at TJ Maxx and Marshall’s owner TJX rose in 2008 and 2009, and both it and discount rival Ross Stores reported an uptick in revenues....
September 22, 2020
FT Live
Transforming the Finance Function with AI
Strategies for delivering advanced analytics, automation and decision-making
Thursday, 25 AprilDigital Conference
News in-depthUS retail
US retailers teeter on the brink as 630,000 outlets close
...), womenswear company Ascena ($1.8bn) and clothing retailer J Crew ($1.4bn)....
March 30, 2020
Companies
Dash for cash: companies draw $124bn from credit lines
...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...
March 25, 2020
US retail
Falling sales at big US department stores spark sell-off
...TJX, which owns Marshalls and TJ Maxx, announced a 5 per cent rise in like-for-like sales on Tuesday....
May 21, 2019
Black Friday
US retailers shed $50bn in market value
...The earnings on Tuesday showed the public was spending heavily weeks before the season began. Like-for-like sales at TJ Maxx owner TJX jumped 7 per cent from a year ago, for instance....
November 21, 2018
FT Live
TNW Conference 2024 - The Next Web
Europe’s leading tech event for corporates, startups, investors and governments
Thursday, 20 JuneAmsterdam, Netherlands
FT AlphavilleJamie Powell
Retail is not dead, redux
...he recommends, which include Nike, Macy's, Ralph Lauren, TJ Maxx and bro-outfitter Abercrombie & Fitch....
June 6, 2018
Retail & Consumer industry
‘Off-price’ retailers show that brick-and-mortar isn’t out of fashion yet
...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....
October 3, 2017
US & Canadian companies
US retail sector’s misery — in charts
...Investors will tune in next week to see if TJX Cos, behind chains such as TJ Maxx and Marshalls; and Ross Stores, had a better start to the year than their traditional rivals, even though those traditional...
May 13, 2017
News in-depthUS & Canadian companies
Push for higher wages squeezes US corporate profits
...Companies ranging from Walmart and McDonald’s to Costco and TJ Maxx have felt sufficient pressure to increase their entry-level wages voluntarily....
July 1, 2016
US presidential election
Ivanka Trump scarves made in China recalled
...While the scarves were being sold at US retailers including Century 21, Lord & Taylor, Marshalls and TJ Maxx, as well as online at Amazon, all of the scarves were produced in China, the commission said....
April 7, 2016
US equities
Home Depot rallies on higher sales and profits
...The biggest US home-improvement retailer said it had earned $1.7bn in its fiscal third quarter, up from $1.5bn in the period in 2014. Sales had climbed 6.4 per cent to $21.8bn....
November 17, 2015
Currencies
Deere to cut profit forecasts on strong dollar
...Friday’s decline, though, wasn’t enough to knock the stock into negative territory for the year. The shares are up 1 per cent, comfortably outperforming the 6.2 per cent decline in the S&P 500....
February 19, 2016
US downturn
Home Depot benefits from DIY resurgence
...Among other retailers to shine was TJX Companies, owner of TJ Maxx, Marshalls and HomeGoods, surging almost 9 per cent at $58.56....
August 19, 2014
LexRetail & Consumer industry
Fast Retailing: deals and Asian growth
...Fast Retailing, led by its Uniqlo brand, is now fifth, behind TJX, owner of TJ Maxx and TK Maxx, Inditex (Zara), H&M and Gap. Put aside TJX because its brand is its stores – it sells others’ clothes....
March 4, 2014
FT Live
The Global Boardroom: 8th Edition
FT journalists in conversation with leaders in business and government
Wednesday, 4 DecemberDigital Conference
US downturn
14. Carol Meyrowitz
...The TJX companies have revenues of nearly $22bn and the group operates about 2,800 stores in six countries under names including TJ Maxx (TK Maxx in the UK), Marshalls and HomeGoods....
November 15, 2011
US equities
Michael Kors looking good after revenue rise
...The index edged down late in the day, closing fractionally lower at 1,403.93, while the S&P’s retail sub-index rose 0.9 per cent. Eugenio J....
August 14, 2012
US & Canadian companies
‘Painful’ Zappos cyberattack revives fears
...But hackers have accessed the customer credit card data of a growing number of companies, including Citigroup and Sony last year and the bricks-and-mortar retailer TJ Maxx in 2007....
January 17, 2012
My PortfolioPersonal Finance
Sights and scents to gladden a value seeker
...Like another company that has done well for me – the New York-listed cut-price retailer TK Maxx, which is up nearly 30 per cent over the year – I expect Greggs’ share price to go even higher....
November 11, 2011
Luxury goods
Retail sales report weighs on US stocks
...The official US inquiry into the Gulf of Mexico oil spill concluded that systemic failures by the management of BP and other companies led to the Macondo well blow-out....
January 6, 2011
Technology sector
US hacker jailed for credit card theft
...Mr Gonzalez and his accomplices cost companies, banks and insurers close to $200m, the government said in the court filing, including $170m in costs to TJX, the parent of TJ Maxx and other retail chains....
March 26, 2010
Tech blogTechnology sector
Gonzalez pleads guilty in largest-ever identity theft
...Maxx owner TJX Cos. and the lifting of bank account PINs from Citibank-branded ATMs inside 7-Eleven stores....
December 29, 2009
Life & Arts
FT top 50 women in world business
...why there weren’t more women running companies, the US-born chief executive of Dutch publisher Wolters Kluwer made a distinction between Europe and the US....
September 25, 2009
World
London is wi-fi capital
...It recently emerged, for example, that the hackers who gained access to more than 45m customer accounts at TJX, parent company of the discount retailer TK Maxx, did so through the company’s WEP-secured wireless...
June 14, 2007
US & Canadian companies
Banks to press retailers on data security
...and to its TK Maxx stores in the UK and Ireland....
January 25, 2007

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