By  on February 25, 2008

Keeping a close eye on inventory and costs and offering shoppers the promise of branded goods at inexpensive prices, off-price giant TJX Cos. Inc. drove up its bottom and top lines in the fourth quarter.

Profits leapt 45.6 percent to $301.1 million, or 66 cents a diluted share, for the three months ended Jan. 26. This compared with $205.5 million, or 43 cents, a year earlier. Sales at the firm's 2,563 stores grew 7.7 percent to $5.49 billion from $5.1 billion, with comparable-store sales up 4 percent.

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