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TJX Cos Ltd

TJ Maxx owner gains mideast access with Brands for Less stake

by Lionel Rogers
TJ Maxx owner gains mideast access with Brands for Less stake

By Bloomberg Published Aug 22, 2024 The owner of T.J. Maxx has acquired a 35% stake in Dubai-based Brands for Less for $360 million, giving the US discount retailer access …

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Investors push Zara owner Inditex to publish full supply chain

by Lionel Rogers
Investors push Zara owner Inditex to publish full supply chain

By Reuters API Published Mar 11, 2024 Investors want Zara owner Inditex to follow rivals H&M and Primark in making its full list of suppliers public so they can better …

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Nordstrom sees muted revenue, comparable sales in current year

by David Johnson
Nordstrom sees muted revenue, comparable sales in current year

By Bloomberg Published Mar 5, 2024 Nordstrom Inc. is forecasting muted revenue and comparable sales growth this year as sluggish demand at its high-end namesake stores offsets an improving outlook …

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Black Friday finds picky US shoppers waiting for bigger bargains

by Lionel Rogers
Black Friday finds picky US shoppers waiting for bigger bargains

By Bloomberg Published Nov 25, 2023 Black Friday sales show US consumers are watching their wallets and holding out for deeper discounts, which sets retailers up for a subdued holiday …

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Nordstrom sales miss in sign of challenges ahead of Black Friday, holidays

by David Johnson
Nordstrom sees muted revenue, comparable sales in current year

By Bloomberg Published Nov 21, 2023 Nordstrom Inc. beat Wall Street’s profit estimates on lower markdowns and better inventory management, but revenue fell short — highlighting the challenges the upscale …

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Kohl’s COO departs unexpectedly

by David Johnson
Kohl’s COO departs unexpectedly

Kohl’s Corp. announced on Monday that Dave Alves, president and chief operating officer, has left the department store retailer less than a year into the role.  Dave Alves – Courtesy …

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Ross Stores lifts annual profit view on cooling freight, robust off-price demand

by Lionel Rogers
Ross Stores lifts annual profit view on cooling freight, robust off-price demand

By Reuters Published Nov 19, 2023 Ross Stores raised its annual earnings forecast after topping third-quarter sales and profit expectations on Thursday, helped by robust demand at its discount outlets …

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TJ Maxx parent sees downbeat holiday earnings as higher costs weigh

by David Johnson
TJ Maxx parent sees downbeat holiday earnings as higher costs weigh

By Reuters Published Nov 16, 2023 TJX Cos forecast current-quarter profit below Wall Street expectations on Wednesday, signaling that spiraling costs were weighing on the off-price retailer’s margins even as …

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Discount retailers’ sales rebound with anxious shoppers seeking deals

by Lionel Rogers
Discount retailers’ sales rebound with anxious shoppers seeking deals

By Bloomberg Published Nov 14, 2023 Value retailers are holding up against a broader spending pullback as persistent anxiety over the economy and a softening job market drive shoppers to …

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US retailers stuck with excess stock offer bargains as holiday season nears

by David Johnson
US retailers stuck with excess stock offer bargains as holiday season nears

By Reuters Published Nov 14, 2023 As the holiday shopping season approaches, major U.S. retailers from Walmart to Macy’s could be saddled with too much stock for a second straight …

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