February 7, 2008
TJX Sales Up For Quarter, Year
Framingham-based discount retailer TJX Cos. Inc. reported January sales of $1.13 billion, 7 percent higher than the same period last year.
Sales for the year were up 7 percent over 2006, reaching a total of $18.7 billion. Same-store sales for January rose 3 percent, an increase the company said was just below its expectations.
The company said disciplined management of its inventories and expenses have kept its profit margins strong.
The company, which operates T.J. Maxx, Marshalls, HomeGoods, A.J. Wright and Bob's Stores, will announce its fourth quarter and fiscal 2008 year-end earnings on Feb. 20.
Sales for the year were up 7 percent over 2006, reaching a total of $18.7 billion. Same-store sales for January rose 3 percent, an increase the company said was just below its expectations.
The company said disciplined management of its inventories and expenses have kept its profit margins strong.
The company, which operates T.J. Maxx, Marshalls, HomeGoods, A.J. Wright and Bob's Stores, will announce its fourth quarter and fiscal 2008 year-end earnings on Feb. 20.
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