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.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)