Even so, the retailer still plans on increasing its store fleet in the next few years.
The off-price giant is fortified by a $6.6 billion cash hoard.
Target was among the area businesses in the Twin Cities that looters broke into.
Tens of thousands of TJX employees in North America will be out of work effective April 12, while executives take a 20 to 30 percent pay cut.
Telsey Advisory Group also cited several apparel manufacturers that are well-positioned for 2020.