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.

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