The TJX Cos. Inc.—which is already one of the world’s largest apparel retailers with sales of $25.88 billion last year—sees big growth ahead, but not necessarily this year.
The corporate parent to T.J. Maxx and Marshalls saw 2012 earnings jump 27.4 percent to $1.91 billion, or $2.55 a diluted share, from $1.5 billion, or $1.93, in the prior year. Sales gained 11.6 percent to $25.88 billion from $23.19 billion with a comparable-store sales increase of 7 percent.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"