TJX has been on a growth and revenue spree of late, and now the off-price retailer is apparently looking to expand down under.
Same store sale decelerated for The TJX Companies and Ross Stores during January even though both companies increased their full year profits forecasts.
TJX Cos. reported a 15% drop in fourth-quarter earnings, dragged down by costs to close its A.J. Wright store division. The company also plans to repurchase $1.2 billion of its stock this fiscal year and raise its dividend.
TJX Companies announced plans to bring Marshalls to Canada. The company anticipates that the first...