The recession is funneling both customers and profits to The TJX Cos., which boosted its bottom line by 7.9 percent in the first quarter and is seeking to solidify its position in the off-price category.
Quarterly earnings for the Framingham, Mass.-based parent of TJ Maxx and Marshalls rose to $209.2 million, or 49 cents a diluted share, from $193.8 million, or 43 cents, and were in line with analyst estimates. Sales for the three months ended May 2 inched up 1.2 percent to $4.35 billion from $4.3 billion and grew 2 percent on a same-store basis.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
"That's something that resonates with me too because I'm so locked into a number. If I go over that number it completely ruins my day so it's nice to get detached from the number on the scale." - Chelsea Handler on Kelly LeVeque's book "Body Love." #wwdeye (📷: John Salangsang)