Shares of The TJX Cos. Inc. rose 2.4 percent after the company posted first-quarter results and raised its full-year outlook.
Net income for the three months ended May 5 rose 33.6 percent to $716.4 million, or $1.13 a diluted share, from $536.3 million, or 82 cents, a year ago. On an adjusted basis, diluted EPS was 96 cents. Net sales climbed 11.7 percent to $8.69 billion from $7.78 billion. The company said consolidated comparable-store sales rose 3 percent for the quarter. The retailer also said gross profit margin for the quarter was 28.9 percent, down 0.1 percentage point from the year ago quarter.
Are you ready for Goop TV? According to sources, the lifestyle site founded by Gwyneth Paltrow has inked a deal with Netflix to create a new wellness-inspired show.
More on WWD.com
“As long as [companies] are peopled by humans, there’s always that opportunity [for authenticity.] When that doesn’t happen, it’ll hurt your [brand],” he says. “We’re human beings. Human meaning flesh, being meaning spirit. As long as we have that, there is the opportunity for growth and elevation.” — Pharrell Williams, WWD Original.
The Paris men’s calendar just gained another heavy hitter: Celine will stage a show in January, mere months after creative director Hedi Slimane launched its men’s wear division during a coed show on Sept. 28. 📸: @thekateowen
Styled by @thealexbadia