The TJX Cos. reported fourth-quarter profit that matched expectations and sales that topped estimates, fueled by strength in apparel and accessories.
President and CEO Ernie Herrman struck a confident note on TJX’s earnings call and told investors that the company, which ended its fiscal year with 4,835 stores across nine countries, had the potential to open another 1,400 locations in its existing markets.
“I am very confident in our plans to grow TJX into an increasingly profitable $60 billion-plus revenue company over the long term,” he said.
Source: Chain Store Age
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