Global Apparel Market – An Overview | Watch NOW! | Ad
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

Courtesy: Amazon

Apparel/Garments | On 23rd Sep 2018

Consumers in Turkey get access to Amazon

Amazon has launched in Turkey giving customers in the country...

Value in omni-channel retail with Flipkart buying: Walmart

Apparel/Garments | On 23rd Sep 2018

Value in omni-channel retail with Flipkart buying: Walmart

With the acquisition of Flipkart, Walmart sees great value in...

E-com to result in common SE Asian consumer market: BCG

Textiles | On 23rd Sep 2018

E-com to result in common SE Asian consumer market: BCG

The rapid spread of e-commerce and digital technologies is binding...

Interviews View All

Jim Desai, Blaiva Fabricaa

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Manfred Mentges, Sedo Treepoint GmbH

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Shawn Honeycutt, Bolger & O'Hearn

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Italtex,

Italtex

Italtex is a leading studio publishing fabric trend-books since 1959....

Karen Lou,

Karen Lou

Australia-based Sunseeker has been creating swimwear since 1970. Sunseeker ...

Sarah Perkins,

Sarah Perkins

Fairfax, Virginia-based Specialty Graphic Imaging Association (SGIA) is a...

Melissa Tate, University of New South Wales

Melissa Tate
University of New South Wales

<div><div><div><div><b>Melissa Tate</b>, a well-known scientist currently...

Justin Chan & Shyam Gollakota, University of Washington

Justin Chan & Shyam Gollakota
University of Washington

A fabric that can store data without any electronics or batteries has been ...

Giorgio Mantovani, Corman S.p.A

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Vaanee Bhatia, Gritstones Clothing

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Varsha Wadhwa, VW

Varsha Wadhwa
VW

Coming from a family that ran a business of jute and linen mills since...

Samar Firdos, Arvind Ltd

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

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

Leave your Comments


September 2018

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

news category


Related Categories:

Advanced Search