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.
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)