Home / Knowledge / News / Apparel/Garments / TJX Companies reports August 2008 sales
TJX Companies reports August 2008 sales
06
Sep '08
The TJX Companies Inc reported August 2008 sales results. Sales for the four-week period ended August 30, 2008, were $1.5 billion, up 4% over the $1.4 billion achieved during the four-week period ended September 1, 2007. For the 30 weeks ended August 30, 2008, sales reached $10.4 billion, up 6% over the $9.7 billion achieved during the 30 weeks ended September 1, 2007.

Consolidated comparable store sales for the four-week period ended August 30, 2008, were flat compared to last year. Foreign currency exchange rates negatively impacted August comparable store sales by approximately one percentage point, which was unanticipated.

For the 30-week period ended August 30, 2008, consolidated comparable store sales increased 3% over last year. As a result of the sale of Bob's Stores on August 19, 2008, sales from Bob's Stores have been reclassified as a discontinued operation and therefore are not included in these sales results.

Carol Meyrowitz, President and Chief Executive Officer of The TJX Companies Inc, stated, “Our August consolidated comparable store sales results were slightly below plan, driven by the unanticipated negative impact of foreign exchange rates.

Additionally, as we have previously mentioned, we entered August with leaner clearance merchandise and have geared our back-to-school marketing and merchandising toward September. Margins remain strong and with great liquidity in our inventories, we are in an excellent position to pursue our opportunistic buying strategies.”

TJX Companies Inc

Must ReadView All

Textiles | On 22nd Apr 2017

Strong rupee & weak trade to affect textile exporters

Textile and apparel exporters' earnings and EBITDA margins will be...

Textiles | On 22nd Apr 2017

Myntra acquires InLogg

With an aim to strengthen supply chain and logistics, Flipkart-owned...

Textiles | On 22nd Apr 2017

Aditya Birla Group launches new variant Liva Crème

After its successful launch of high quality fabric Liva in 2015,...

Interviews View All

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Ashok Desai
Bombay Textile Research Association

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Karan Arora
Karan Arora

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

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
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


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