By  on February 26, 2014

The TJX Cos. Inc., the largest U.S.-based off-price retailer, managed to generate increases in its net and same-store sales but suffered a rare earnings “miss” as profits fell short of Wall Street’s expectations by a penny.


The company attributed the relative softness to its commitment to a lean inventory position, an objective met with a 1.6 percent decline in year-end inventories, to $2.97 billion from $3.01 billion a year ago.

To access this article, click here to subscribe or to log in.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus