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TJX Cites 10% Sales Growth In 3Q

(Filed Under Financial and General Interest News). The TJX Companies, Inc.—the parent company of off-price retail chains T.J. Maxx, Marshalls, HomeGoods and A.J. Wright—reported net sales of $5.2 billion during the third quarter of 2009, marking a 10 percent increase. Comparable store sales grew 7 percent.

For the first nine months of fiscal 2010, net sales grew 5 percent to $14.3 billion, and year-to-date comparable store sales also grew 5 percent. TJX and Marshall’s combined comparable store sales grew 7 percent compared to a 1 percent jump during last year’s third quarter.

Carol Meyrowitz, President and Chief Executive Officer of The TJX Companies, Inc., stated, “We are pleased to see the strong momentum in our business continue despite the challenging economic environment,” Carol Meyrowitz, president and chief exexutive officer of The TJX Companies, Inc., commented. “We achieved record third quarter results, driven by significant increases in comparable store sales and customer traffic that have continued to accelerate […]All of our businesses are performing well, both domestically and internationally, which bodes extremely well for our future growth.”

At the end of the quarter, The TJX Companies, Inc. operated 889 T.J. Maxx, 820 Marshalls, 324 HomeGoods and 148 A.J. Wright stores in the United States.

more Financial and General Interest News >>

Published 11-19-2009 by Amanda Torres Price

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TJX Cites 10% Sales Growth In 3Q

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