By  on November 12, 2008

The TJX Cos. Inc. reported lower third-quarter profits and reduced full-year projections even as the company said Tuesday it would aggressively pursue merchandise and store locations in the weakened retail climate.

TJX buys excess inventory from vendors and other retailers and sells it at a discount. And just as the company takes advantage of the excess inventory in the industry, Carol Meyrowitz, president and chief executive officer, said TJX would also use its financial might to buy real estate that opens up as other businesses fail.

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