“We have huge opportunities to attract more U.S. and international customers with our values,” Meyrowitz said during a conference call detailing solid third-quarter earnings. “Over the last three years, our customer traffic is up [by a percentage in the] midteens, and it continued to be up in the third quarter.”
TJX has 2,355 stores in the U.S., as well as 367 doors in Europe and another 324 in Canada.
Meyrowitz noted the company could add up to another 508 stores in its current European markets. “The opportunity for future growth of Europe is vastly underrated by others,” she said. “Executed well, the off-price concept can work in almost any country where brands and value matter. We believe that we’re the only off-price retailer with the international experience to say that.”
The company is also looking at the opportunities in the e-commerce arena and expects to have an update when it reconvenes with analysts to go over year-end results.
TJX’s third-quarter net income increased 13.5 percent to $461.6 million, or 62 cents a diluted share, from $406.5 million, or 53 cents, a year earlier. Earnings came in 1 cent ahead of the 61 cents analysts projected and shares of the company gained 2.7 percent to $42.06 Tuesday.
Sales for the three months ended Oct. 27 advanced 10.7 percent to $6.41 billion from $5.79 billion with a 7 percent rise in comparable-store sales.
TJX, which operates the T.J. Maxx and Marshalls chains in the U.S., said fourth-quarter earnings per share would range from 72 cents to 75 cents — that would be a gain from 62 cents in earnings a year earlier, but below the 76 cents Wall Street had penciled in.
Comp sales are slated to range from flat to up 2 percent for the quarter. TJX’s comps rose 2 percent in the year-ago quarter and were up 12 percent in the fourth quarter of fiscal 2010.
“These collections continue to build on that vision, empowering differently abled adults to express themselves through fashion,” said @tommyhilfiger of his line of adaptive apparel, which launches today. The line consists of 37 men’s and 34 women’s styles based upon the pieces from the spring Tommy Hilfiger sportswear collection. #wwdnews
“Stranger Things” is getting a new cast member for season 2. Meet @sadiesink_, the 15-year-old who will be joining the Netflix series for its new season. You may recognize her from “The Glass Castle” with Brie Larson and Woody Harrelson, but the Texas native’s next role goes in an entirely different direction. She describes her character, Max, as “a rough and tumble skater girl [who] becomes friends with the boys at school.” The second season debuts on October 27. (📷: @jgreenery) #wwdeye
Amid the Harvey Weinstein controversy, there’s another sector that’s being put under the spotlight for sexual abuse: the modeling industry. While rumors about abuse and sexual harassment of female and male models — and the photographers, agents and others who perpetrated it — have circulated within the fashion world for years, model @cameronrussell started posting stories from models on Instagram last week about abusive situations they’ve encountered — from sexual harassment and molestation to attempted rape. Over 75 have weighed in so far. Read more on WWD.com. Link in bio. #wwdnews
To celebrate its 16th anniversary, @dylanscandybar tapped designers and celebrities to create mosaics out of candy. The mosaics will be auctioned off to support the philanthropic cause of each participant’s choice. Pictured here is the mural created by @aliceandolivia's Stacey Bendet. For a first look at some of the other artwork being unveiled tonight, go to WWD.com. #wwdeye
The annual Veuve Clicquot Polo Classic in Pacific Palisades this weekend drew Kate Hudson, Tracee Ellis Ross, Laura Dern and more. See pictures of the star-studded event on WWD.com. (📷: @chelsealaurenla) #wwdeye
In his new book “Hollywood Royale,” Andy Warhol’s Protégé Matthew Rolston celebrates the Eighties revival of Hollywood glamour. Featuring more than 100 portraits taken by Rolston from 1977 to 1993, the book contains photos of icons like Michael Jackson, Cyndi Lauper, and @drewbarrymore, pictured here in 1991. “Hollywood Royale,” out today, will be accompanied by an exhibition opening at Los Angeles’ Fahey/Klein Gallery on March 1. #wwdeye
"Nowadays when life is not so happy with everything going on in the world, I think people come to me for a little bit of whimsy and color and fun." - Designer Rebecca De Ravenel on her cult-favorite jewelry line. (📸 : @vsteves) #wwd40
“Everyone is talking about how the retail industry is struggling, but I think it’s an incredible time because brands who are doing something different and innovative are setting themselves up for the future,” said @adamgoldston, who founded the luxury athletic brand @apl with his brother @ryangoldsten. The Goldston’s are part of WWD’s 40 under 40: a group of industry notables. See the rest of the list on WWD.com. (📷: @vsteves) #wwd40
@eyeswoon blogger Athena Calderone debuted her first-ever cookbook, “Cook Beautiful,” which is heavily centered on the presentation and visual expression of food. Pictured here are her miso glazed carrots from the book. Get the recipe on WWD.com. (📷: @johnny_miller_) #wwdeye