The TJX Cos. Inc. posted a 42.1 percent jump in fourth-quarter profits as consumers continued to seek out value-priced merchandise during the holiday season.
For the quarter ended Jan. 28, net income totaled $475.3 million, or 62 cents a diluted share, which met analysts’ estimates. This compared with year-ago income of $334.4 million, or 42 cents a diluted share.
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?"