The TJX Cos. Inc. said today that sales and profits both rose for the first quarter, building on momentum from the fourth quarter.
For the three months ended April 28, income rose 57.6 percent to $419.2 million, or 55 cents a diluted share, from $265.9 million, or 34 cents, a year ago. Sales increased 11.1 percent to $5.8 billion from $5.22 billion, while consolidated comparable-store sales rose 8 percent. Comps for the TJ Maxx and Marshalls nameplates were up 8 percent. Other divisions included in the consolidated comps result are HomeGoods in the U.S. and the international operations of TJX Canada and TJX Europe.
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)