Home / Knowledge / News / Apparel/Garments / Off-price apparel retailer TJX updates Q4 outlook
Off-price apparel retailer TJX updates Q4 outlook
Feb '08
The TJX Companies Inc reported January 2008 sales results. Sales for the four-week period ended February 2, 2008, were $1.13 billion, up 7% over the $1.06 billion achieved during the four-week period ended February 3, 2007.

For the 52 weeks ended February 2, 2008, sales reached $18.7 billion, a 7% increase over last year's $17.4 billion. Consolidated comparable store sales for the four-week period ended February 2, 2008, increased 3% over last year.

Carol Meyrowitz, President and Chief Executive Officer of The TJX Companies Inc, stated, “Our consolidated comparable store sales increase of 3% in January was just below our expectations and was achieved on top of a 4% increase last year. Once again, we were extremely disciplined in managing our inventories and expenses, which allowed us to maintain very strong profit margins.

We now expect fourth quarter earnings per share from continuing operations to be near the high end of our previously anticipated range of $.60 - $.63. We enter the spring selling season in an excellent position to drive sales, with great liquidity in our inventories. Further, we will continue to focus on inventory and expense management to deliver strong profit growth in a challenging retail environment.”

The Company expects to release fourth quarter and fiscal 2008 year-end earnings on Wednesday, February 20, 2008, before 9:30 a.m. ET. At 11:00 a.m. ET that day, Carol Meyrowitz, President and Chief Executive Officer, TJX, will hold a conference call with stock analysts to discuss the Company's fiscal 2008 results, operations and business trends, as well as expectations for fiscal 2009. A real-time webcast of the call will be available at TJX website.

The TJX Companies Inc

Must ReadView All

Courtesy: Ikea

Textiles | On 26th Apr 2017

Ikea’s product sourcing from India to double by 2020

Ikea, the global home furnishing giant from Sweden, plans to double...

Textiles | On 26th Apr 2017

CITA to add insufficiently available fabric in CAFTA-DR

The Committee for the Implementation of Textile Agreements (CITA) has ...

Courtesy: SKF

Textiles | On 26th Apr 2017

SKF brings predictive maintenance for machinery to India

SKF India, a global supplier of bearings, seals, mechatronics,...

Interviews View All

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Rahul Bhadani

Navigating through catalogues is a bit hasslesome

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search