Clothing & Shoes

TK Maxx owner sees 10% sales slide due to lockdown

In total, the company said it had stores closed for approximately 13% of the fourth quarter due to the Covid-19 global pandemic

TJX Companies, the parent company of TK Maxx, has reported a 10.7% drop in FY21 net sales to $32.1bn (£22.6bn), which it revealed reflects the “negative impact of temporary store closures for approximately 24% of the year”.

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