Home / Knowledge / News / Apparel/Garments / TJX Companies reports July 2008 sales
TJX Companies reports July 2008 sales
09
Aug '08
The TJX Companies Inc reported July 2008 sales results. Sales for the four-week period ended August 2, 2008, were $1.4 billion, up 6% over the $1.3 billion achieved during the four-week period ended August 4, 2007. For the 26 weeks ended August 2, 2008, sales reached $9.0 billion, up 7% over the $8.5 billion achieved during the 26 weeks ended August 4, 2007. Consolidated comparable store sales for the four-week period ended August 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 July was in line with our expectations. With robust sales in the month of June, our clearance levels were very lean, which drove the bottom line.

With solid sales and margin performance over the last three months, we look forward to reporting strong second quarter results next week. As we transition into the fall selling season, our stores look extremely fresh. We have great liquidity in our inventories and the marketplace continues to present exciting opportunities, which puts us in an excellent position to continue to offer our customers great fashions at great values.”

Second Quarter Fiscal 2009 Outlook:
The Company is updating its second quarter earnings per share guidance to the range of $.44 to $.45 to reflect its strong margin performance and to include the negative impact of an anticipated impairment charge of approximately $.02 per share after tax, related to Bob's Stores, which was not contemplated in the Company's prior guidance for the period.

This range compares to the reported $.13 in diluted earnings per share in the prior year, which includes a $.25 per share charge related to the previously announced computer intrusion(s). Excluding these charges, the Company now expects adjusted second quarter earnings per share of $.46 to $.47, which is higher than its previously anticipated range, and represents a 21% - 24% increase over the very strong adjusted $.38 earnings per share last year.

TJX Companies Inc


Must ReadView All

Textiles | On 21st Jul 2017

No shortage of cotton & yarn in country: Minister

There is no shortage of cotton and yarn in the country, and the...

Pic courtesy: Sutlej Textiles & Industries Ltd

Textiles | On 21st Jul 2017

Sutlej Textiles’ Q1 FY18 EBITDA expands to Rs 76.28 cr

Sutlej Textiles and Industries Ltd (STIL), one of India’s largest...

Textiles | On 21st Jul 2017

CAI revises 2016-17 cotton crop to 337.25 lakh bales

Cotton Association of India (CAI) has upwardly revised cotton crop...

Interviews View All

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Ashok Desai
Bombay Textile Research Association

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

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


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



X