TJX Companies
Latest TJX Companies News and Updates

Nordstrom’s operating margins feel the squeeze from expansion
In fiscal 2014, Nordstrom’s operating margins declined by another 9.8% on the heels of a 10.8% decline in fiscal 2013.

Why TJX Companies Might Post Tepid Earnings Growth in 2Q16
TJX Companies (TJX) will announce its results for the second quarter of fiscal 2016 on August 18. The second quarter ended on August 1, 2015.

What Went Wrong with Macy’s 1Q15 Operating Margins?
Macy’s (M) operating margins declined to 6.6% in 1Q15—ending May 2, 2015—from 7.1% in the same quarter last year. The operating income declined by 7.7%.

Consumer Sentiment Is down in March after 11-Year High
The Consumer Sentiment Index for March 2015 declined to 93 from 95.4 in the month of February due to slightly higher gas prices and bad weather.

Why Five Below Stock Is on an Uptrend in 2018
Five Below (FIVE) stock has been on an uptrend on 2018 and has gained 47.9% YTD (year-to-date) as of July 5.

Nordstrom Raises Its Outlook Following Strong 2Q15 Results
Nordstrom (JWN) raised its outlook for fiscal 2015, which ends January 30, 2016, backed by strong sales growth in the first half of 2015.

Stock Price: Ross Stores Outperforms Off-Price Retailer Peers
On a year-to-date basis, Ross Stores’ stock price has appreciated more than that of other off-price retailers.

Burlington Stores Stock Soars on Impressive First-Quarter Earnings
Burlington Stores stock was up 8.4% as of 11:15 AM EST today in reaction to better-than-expected results for the first quarter, which ended on May 5.

Can TJX Companies Sustain Its Earnings Growth after Fiscal 2Q17?
Following the strong results in fiscal 2Q17, TJX Companies raised its earnings outlook for fiscal 2017. TJX expects its fiscal 2017 EPS to be in the $3.39–$3.43 range.

Macy’s Backstage: Off-Price Stores to Debut in Fall of 2015
On May 5, 2015, Macy’s (M) announced that it will enter the off-price business through four pilot stores in New York City.

Which Off-Price Retailer Is Operating at the Highest Margins?
Major off-price retailers have strong margins supported by lean operating models, efficient inventory management, and strong vendor relationships.

An Insight into Nordstrom’s Fiscal 2016 Store Growth Plans
In fiscal 2016, Nordstrom plans to open three new full-line stores and 20 new Nordstrom Rack stores. The company also plans to relocate one full-line store and two Nordstrom Rack stores in fiscal 2016.

Kohl’s, JCPenney Slide amid Weak Holiday Sales
Kohl’s stock plunged 9.5% while JCPenney was down 11% today at 1:01 PM ET. These department store chains announced dismal holiday sales.

TJX Companies: Pricing Strategy Benefits US Sales in 2Q16
In the first six months of fiscal 2016, HomeGoods accounted for 12.2% of the consolidated net sales of TJX Companies. That’s up from 11.2% in the comparable period of the previous year.

Macy’s Preliminary Q1 Results: Good and Bad
Macy’s (NYSE:M) stock rose 4.0% as of 10:00 AM ET on June 9. The company said that it has experienced better-than-expected sales at reopened stores.

Average hourly earnings tick up along with inflation to $24.78
Average hourly earnings increased 0.1% month-over-month and 2.0% year-over-year to $24.78 an hour. Average weekly hours were flat at 34.6.

The TJX Companies: Benefiting from International Presence?
The TJX Companies’ acquisition of Trade Secret marks the company’s presence in its eighth country and third continent.

Ross Stores or Burlington Stores: Which Looks Better in 2019?
Ross Stores and Burlington Stores stocks have risen 8.9% and 1.2%, respectively, on a year-to-date basis as of January 14.

Why Ross Stores Isn’t Keen on E-Commerce Growth
Ross Stores, which falls in the moderate off-price space, does not seem to be keen on expanding its e-commerce business and does not have an online store.

TJX Companies’ HomeGoods Segment Impressed in Fiscal 3Q16
TJX Companies’ HomeGoods segment reported strong same-store sales growth of 6%. The segment’s net sales grew by 12.8% to $959.8 million in 3Q16.

How Ross Stores Made Its Mark in Off-Price Retailing
Ross Stores, a major player in the US off-price retail space, sells apparel, accessories, footwear, and home fashions at 20–60% discounts.

Why TJX is Trading at a Higher Valuation than Off-Price Peers?
As of March 24, 2016, TJX Companies was trading at a 12-month forward PE ratio of 22.3x—higher than other off-price retailers in its peer group.

Nordstrom’s Higher Valuations in 2015 Show Potential for Growth
As of May 11, Nordstrom was trading at higher valuations compared to most of its peers in the department store and off-price retail categories.

How TJX Companies and Ross Stores Fared in Q1
On May 21, TJX Companies (NYSE:TJX) reported weaker-than-expected results for the first quarter of fiscal 2021. COVID-19 impacted the results.

Macy’s Reveals Expansion Plans for Off-Price Backstage Stores
Macy’s entered the off-price retail space in September 2015 with the launch of three of its pilot Macy’s Backstage off-price stores.

International Expansion Plans for US Department Stores
Macy’s opened its first international store under its Bloomingdale’s brand in Dubai in 2010. Nordstrom opened its first Canadian store in Calgary’s Chinook Centre in September 2014.

Will Nordstrom’s Rack Stores Continue to Be a Key Growth Driver?
In 2Q15, Nordstrom Rack store sales increased by 12.9% to $857 million from the comparable quarter of the previous year.

Will Growing Competition Impact TJX Companies’ 3Q16 Sales?
The success of off-price retailers such as TJX Companies and Ross Stores (ROST) has been attracting many players to this space. In September 2015, Macy’s opened three off-price Macy’s Backstage stores in New York.

Nordstrom Trading at Higher Valuation than Department Store Peers
Nordstrom is currently trading at a higher valuation than its department store peers Macy’s (M) and Kohl’s (KSS)

UBS Downgrades Macy’s and Kohl’s amid COVID-19 Storm
Macy’s (NYSE:M) and Kohl’s (NYSE:KSS) stocks were down 6.0% and 6.3% as of 12:45 PM ET today following a rating downgrade.

Kohl’s Hikes Dividend, Exceeds Q4 Earnings Estimates
Kohl (NYSE:KSS) stock rose 4.1% in pre-market hours trading today. However, the stock fell 2.2% as of 12:31 PM ET amid volatile market conditions.

Best Buy Defies Retail Woes with Q4 Earnings
Best Buy reported impressive fourth-quarter results due to strong holiday sales. The company’s overall revenue grew 2.7% YoY to $15.20 billion.

TJX Posts Strong Q4 Earnings, Dividend Hike
TJX Companies stock touched a new 52-week high of $64.95 on Wednesday. The company declared strong fourth-quarter results and a dividend hike.

Why These 7 US Retailers Top the Charts?
The US retail industry is transforming at a rapid rate. Let’s take a look at the top seven retailers in the US by market capitalization.

Is Walmart the Ultimate Recession-Proof Stock?
Walmart (WMT) has a long history and strong brand name recognition. But is there reason to believe WMT stock could actually withstand an economic meltdown?

Will Burlington Stores Get Stronger in 2020?
Burlington Stores (BURL) beat analysts’ earnings expectations in the first three quarters of fiscal 2019. Here’s what to expect in 2020.

TJX Companies and Ross Stores Finish the Year Strong
Off-price retailers emerged as consistent performers in the retail space. The stock of Ross Stores (ROST) and TJX Companies (TJX) surged 38.8% and 34.9%

Under Armour: The Nature Of Its Business, Product Portfolio
UA’s product, marketing, and sales teams each play an active role in the design process. This collaboration helps control brand and product consistency.

How Does Target’s Historical Sales Growth Compare to Its Peers’?
Target opened 15 new stores in fiscal 2016. Its same-store sales rose 2.1%, with customer traffic at stores up 1.3%.

Macy’s Stock Falls after Earnings on Weak Outlook
Macy’s (M) earnings for the third quarter yet again reflected the struggle that’s facing department stores in this highly competitive retail market.

Will Macy’s Q3 Earnings Add to Investors’ Worries?
Yesterday, Macy’s (M) stock fell 10.9% after department store peer Kohl’s (KSS) announced weak third-quarter results and shared a gloomy outlook.

TJX Companies’ Q3 Earnings Impress Investors
TJX Companies (TJX) reported better-than-expected earnings results for the third quarter of fiscal 2020, which ended on November 2.

Can TJX Once Again Impress with Its Q3 Earnings?
TJX Companies (TJX) is scheduled to announce its fiscal 2020 third-quarter earnings results on November 19. Its third quarter ended on November 2.

How US Retail Sales Changed in Two Decades
The retail sales for 2018 were $4.3 trillion. From January to July 2019, the retail sales in this category rose 3.5% over the comparable period in 2018.

Baird Gives TJX an ‘Outperform’ Rating ahead of Q1 Results
On May 14, Baird initiated coverage of TJX Companies (TJX) stock with an “outperform” rating and a price target of $63.

TJX Companies and Ross Stores: Assessing Store Growth Plans
While several retailers and department stores are closing down stores amid intense competition from online retailers, off-price retailers TJX Companies and Ross Stores (ROST) see a tremendous opportunity to grow their store base.

TJX Companies or Ross Stores: Whose Margins Look Better?
Margins of both TJX Companies (TJX) and Ross Stores (ROST) have been under pressure due to higher freight costs and wages.
Will Burlington Stores Deliver Strong Sales Growth in Q3?
Burlington Stores (BURL) is slated to announce its results for the third quarter of fiscal 2018 on November 28. Here’s what you can expect.

How Analysts Reacted to TJX’s and Ross Stores’ Q3 Results
TJX Companies and Ross Stores fell 4.4% and 9.4%, respectively, on November 20, the day they announced their earnings results.

Will TJX Companies’ Growth Story Continue in the Third Quarter?
TJX Companies (TJX) stock has risen by an impressive 40.6% on a YTD basis as of November 13.

Burlington Stores: How It Plans to Boost Sales
Burlington Stores (BURL) has had same-store sales growth for 22 consecutive quarters, which reflects the strength of its off-price business model.

Comparing Five Below’s Valuation to Its Peers’
As of July 5, Five Below (FIVE) was trading at a 12-month forward PE multiple of 36.4x.

Here’s What Drove Burlington Stores’ Sales Growth in Fiscal 4Q17
Burlington Stores (BURL) generated net sales of $1.94 billion in fiscal 4Q17, which exceeded analysts’ consensus sales estimate of $1.89 billion.

Where Does Ross Stores’ Valuation Stand after Fiscal 4Q17?
On March 8, 2018, Ross Stores (ROST) was trading at a 12-month forward PE (price-to-earnings) multiple of 18.4x.

Burlington Stores’ Growth Strategies
Burlington Stores (BURL) is taking several initiatives to deliver continued strong sales growth rates in a challenging market.

Why TJX Companies’ 2Q Margins Could Decline
For fiscal 2Q18, TJX expects its fiscal 2Q18 gross margin to be in the 28.6%–28.7% range, compared with its gross margin of 29.4% in fiscal 2Q17.

Looking at Off-Price Retailers’ Margins in Fiscal 2017
In fiscal 2016, Ross Stores’s gross margin increased 50 basis points to 28.7%.

Off-Price Retailers Look to Outperform Department Stores in 2017
Despite a rough retail environment, off-price retailers TJX Companies (TJX), Ross Stores (ROST), and Burlington Stores (BURL) have been delivering strong sales growth. In this series, we’ll compare their margins, stock price movements, and analyst recommendations.

A Snapshot of Dollar General, America’s Largest Dollar Store Chain
Headquartered in Tennessee, Dollar General (DG) is the largest discount store retailer in the United States in terms of total sales.

Did the Brexit Vote Impact TJX’s International Sales in Fiscal 2Q17?
TJX Companies anticipates its TJX Canada segment to deliver same-store sales growth of 7%–8% in fiscal 2017 and sales of $3.1 billion–$3.2 billion.

Nordstrom’s Off-Price Rack Business Delivers Again in Fiscal 2Q16
Nordstrom’s off-price Rack business continued to display strength in fiscal 2Q16 ended July 30, 2016.

Why TJX Companies’ 2Q Margins Could Be Under Pressure
TJX Companies’ (TJX) gross margin in fiscal 1Q17 rose by 50 basis points on a year-over-year basis to 28.8%.

Could Nordstrom’s Rack Stores Have Saved the Day in Q2?
Aside from operating full-line upscale stores, Nordstrom also conducts off-price business through its Nordstrom Rack stores and off-price digital channels.

Inside the Store Expansion Plans of Off-Price Retailers in 2016
By the end of fiscal 2015, TJX Companies had 2,697 off-price stores in the US under the names T. J. Maxx, Marshalls, HomeGoods, and Sierra Trading Post.

Why Off-Price Retailers Are Managing Inventory Better than Department Stores
Efficient inventory management is one of the key attributes of off-price retailers like TJX Companies (TJX) and Ross Stores (ROST).

Which Off-Price Retailer Has Higher Profitability in 2016?
The lean business models and low-cost structures of off-price retailers TJX Companies and Ross Stores have helped them sustain high operating margins.

TJX Companies’ US Business in Fiscal 4Q16
The US business of TJX Companies consists of 1,156 T.J. Maxx stores, 1,007 Marshalls stores, 526 HomeGoods stores, and eight Sierra Trading Post stores.

Why Smaller Stores Provide a Better Growth Option for Burlington Stores
Burlington has been focusing on opening smaller stores. The average size of the new stores opened in 2013 and 2014 was a little over 60,000 square feet.

Burlington Stores’ Market Positioning in 2015 and Beyond
Burlington Stores targets the value-conscious, middle-class consumer. The number of customers making purchases at the company’s stores is large.

Burlington Looks forward to Strong E-Commerce Growth
Burlington Stores launched its e-commerce website in 1999, making it the first off-price retailer to have an online presence.

Nordstrom’s Expansion Plans for Off-Price Rack Business
On January 7, 2016, Nordstrom (JWN) announced its plans to open an off-price Nordstrom Rack store in Braintree, Massachusetts, in fall 2016.

Can Nordstrom’s Rack Business Get Its Mojo Back?
Nordstrom (JWN) has aggressively expanded into the off-price space through its Nordstrom Rack stores.

Burlington Stores’ Core Strategic Priorities for Future Growth
In fiscal 2014, which for Burlington ended January 31, 2015, the company reported same-store sales growth of 4.9%, compared to 4.7% in fiscal 2013.

Understanding Burlington Stores’ Key Product Categories
Burlington Stores derives its revenue from the sale of value-priced apparel, coats, and family footwear, baby furniture, accessories, home décor, and gifts.

An Inside Out Look at Burlington’s Business Model
Burlington follows an EDLP model, which helps customers get up to 60–70% savings off prices of similar merchandise in department and specialty stores.

Burlington’s Small but Significant Presence in US Off-Price Retail
In 2016, the US off-price retail market segment is getting interesting, with more and more major department stores branching into this lucrative space.

Why Has Same-Store Sales Growth at Kohl’s Been Sluggish?
Same-store sales represent the change in sales of the existing stores of a retailer over a certain period of time.

Analyzing Kohl’s Positioning Based on Porter’s Five Forces
Kohl’s sells private label merchandise as well as national brands. The company purchases merchandise from several domestic and foreign suppliers.

A Look at Ross Stores’ Superior Inventory Management Skills
Ross Stores’ inventory management system is supported by its strong supplier relationships and the strategic location of its buying offices.

The TJX Companies Enters Australia with Trade Secret Acquisition
On October 25, The TJX Companies announced the completion of its acquisition of Trade Secret, an off-price retailer based in Australia.

Ross Stores’ Same-Store Sales Growth: A Consistent Track Record
2Q15 marked the 26th consecutive quarter of positive same-store sales growth for Ross Stores. Its last fall in same-store sales growth was in the 4Q08.

Key Components of Ross Stores’ Sales Mix
In fiscal 2014, women’s apparel accounted for 29% of Ross Stores’ sales of $11 billion. Home accents is also a key category at 24% of total sales.

Understanding Ross Stores’ Business Model
Ross Stores operates under two trademarks: Ross Dress for Less and dd’s DISCOUNTS. There are 1,259 Dress for Less and 165 dd’s DISCOUNTS stores in the US.

Why TJX Companies’ Margins Could Be under Pressure in 2Q16
TJX Companies (TJX) expects its gross margin for the second quarter of fiscal 2016 to come in the range 28.5% to 28.6% range.

How a Drop in the Consumer Comfort Index Affects Department Stores
The Bloomberg Consumer Comfort Index declined to 40.3 in the week ended August 2 on a week-over-week basis. The index stood at 40.5 in the previous week.

Bloomberg Consumer Comfort Index Drops for Fourth Straight Week
The Bloomberg Consumer Comfort Index fell to 40.5 in the week ended July 26, from 42.4 in the week before. This is the fourth week of decline and the second lowest level since November 2014.

Nordstrom Highlights Growth Strategy at June Consumer Conference
Nordstrom has strong multichannel capabilities through offline stores, online websites, and off-price stores. These have helped boost sales in tough economic times.

Nordstrom and its Peers Explore Opportunities beyond the US
Facing heavy competition from online retailers, US department store sales have declined recently. Department stores are looking for growth opportunities in international markets.

TJX Companies’ Store Growth Plans for the US and Abroad
In 4Q15, TJX reported a 4.0% growth in same-store sales, compared with 4Q14. This growth was driven by an increase in store traffic across all divisions.

Nordstrom Announces Plan for 6 Canadian Stores
In March, Nordstrom announced the opening of its second international location in Canada. Nordstrom plans to open six Canadian stores through 2017.

Will Nordstrom’s Rack Stores Rake in Higher Sales in 1Q15?
Sales of Nordstrom’s full-line stores declined by 0.3% in contrast to sales of off-price Rack stores that increased by 17.4% to $3.2 billion.

Does a Cautiously Optimistic FOMC Suggest a Deferred Rate Hike?
The FOMC was saying that monetary policy needs to stay accommodative for economic growth to get back on track. Can we interpret this as putting a lid on a mid-year rate hike?

What’s Attracting Major Department Stores to the Off-Price Space?
Off-price retailers like TJX Companies sell merchandise at a discount of roughly 20.0%–60.0% compared to department stores.

Why Investors Need to Track the Challenger Job-Cut Report
The Challenger Job-Cut Report indicated that March job cuts were 27.6%, down from February 2015, but increased by 6.4% compared to March 2014.

TJX Companies: A Growth Story Investors Should Know About
With its off-price business model and operational efficiency, TJX Companies has consistently performed well, even in difficult economic conditions.

TJX Companies – A Profitable Business Structure
Among TJX Companies’ business segments, Marmaxx is the largest with 2,094 stores under the T.J. Maxx and Marshalls brands, and 64.3% of net sales.

Gauging TJX Companies’ Same-Store Sales Growth
The growth in TJX Companies’ same-store sales slowed down in fiscal 2015, growing by 2.0% compared to 3.0% in fiscal 2014.

TJX Companies’ Best-in-Class Inventory Management
TJX Companies (TJX) has a very efficient internally developed inventory management system that helps the company ensure the proper flow of merchandise.

Why Strong Supplier Relationships Matter to TJX Companies
TJX Companies (TJX) maintains strong supplier relationships with manufacturers and merchandise suppliers to ensure efficient levels of inventory.

Why TJX Companies’ Debt Levels Are Lower than Department Stores’
TJX Companies’ debt-equity ratio is higher than closest off-price rival but lower than department stores since TJX has strong internally generated cash flow.