TJX have reported a 6.4% increase in annual sales to $30.94bn and a 5% increase in sales in established stores.
CEO, Ernie Herrman put their strong 2015 performance down to the their flexible and differentiated business model which has allowed them to succeed in different geographic, economic and retail environments.
Despite many retailers offering substantial discounts on many products during the 2015 Christmas period, Howard Tubin notes that ‘30% to 40% of shoppers still went to TJX’. He also commented on the strength of their buying departments who find great value across the world.
For full details see the article by Veebs Sabharwal at http://www.retailgazette.co.uk
