TK Maxx
This coverage provides comprehensive analysis of TK Maxx’s operations and strategy within the UK retail sector. Reporting includes store expansion plans, marketing campaigns, executive appointments, and financial performance. With attention to its positioning in the off-price retail market, the content supports retail professionals monitoring brand growth, customer engagement, and competitive dynamics in value-driven fashion retail.
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Feb- 2025 -28 FebruaryNews-In-Brief
Today’s news in brief-28/2/25
London Mayor Sadiq Khan has launched a public consultation on proposals to pedestrianise Oxford Street, aiming to transform it into a greener, more vibrant destination. The consultation, open until 2 May, seeks public input on creating a Mayoral Development Corporation to oversee the area’s regeneration. Oxford Street, contributing £25bn annually…
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28 FebruaryHigh Street
TJX net sales up 4% to $56bn
The TJX Companies has revealed that its net sales rose 4% to $56bn (44.4bn) for the year ended 1 February 2025. Its TJX International business, which incorporates Europe and Australia, posted net sales of $7.2bn for the full year, an increase of 6%. Furthermore, the company’s net income was $4.9bn…
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Jan- 2025 -3 JanuaryComment
Disrupting the world of off-price sales
Chris Griffin, CEO of Secret Sales, is a retail innovator with a bold vision: transforming how brands manage discounted inventory while preserving brand equity. Since acquiring Secret Sales in 2020, Griffin has overhauled it from a flash sale platform into one of the largest online marketplaces for discount fashion, apparel,…
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Oct- 2024 -18 OctoberAdvice
Retail lessons from Shahnila Rashid: Topshop, TK Maxx, and beyond
From the rise of fast fashion to the digital disruption that has reshaped consumer behavior, Shahnila Rashid’s journey through the world of merchandising, buying, and retail strategy has provided her with unparalleled insights into both the triumphs and the challenges that come with the territory. Starting her career at Topshop,…
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Aug- 2024 -22 AugustClothing & Shoes
TK Maxx owner ups FY profit guidance
TK Maxx owner, TJX Companies, has revealed it has upped its FY profit guidance after its comparable store sales increased 4% during the second quarter of the year. It reported net sales for the second quarter of $13.5bn (£10.2bn), an increase of 6% versus the second quarter of Fiscal 2024.…
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May- 2024 -23 MayNews
Today’s news in brief-23/5/24
The Very Group’s pre-tax losses narrowed to £2.1m for the 39-week period ending March 30, down from £11.7m the previous year, despite a slight dip in total revenue by 0.8% to £1.6bn. Very UK, contributing 86% of the group’s sales, saw a revenue increase of 1% to £1.4bn. However, Littlewoods…
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23 MayClothing & Shoes
TJX net sales hits $12.5bn in Q1
TK Maxx owner, TJX, has reported that net sales across the group hit $12.5bn (£9.8bn) during the first quarter ended 4 May, having increased 6% compared to the same period last year. This comes as consolidated store sales rose 3% during the period, which TJX said was at the high-end…
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Apr- 2024 -26 AprilHigh Street
The Portman Estate boosts retail, leisure and cultural offer
The Portman Estate has signed five diverse new brands to boost Edgware Road, Marble Arch and the west side of Portman Marylebone’s retail, leisure and cultural offer. Moco Museum is joined by Maculara, ZULA Burger, WatchHouse Coffee and Mandy Zhang Art, highlighting the Estate’s “ongoing commitment to developing its balanced…
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Aug- 2023 -21 AugustClothing & Shoes
TK Maxx owner ups profit guidance amid Q2 sales boost
The UK arm of TJX Companies, TK Maxx, has raised its profit guidance for the full-year following a 8% year-on-year increase in sales to $12.8bn (£10bn) for the second quarter ended 29 July. During this period, the group’s pre-tax profit margin also rose by 1.2% to 10.4% from last year’s…
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May- 2023 -18 MayClothing & Shoes
TK Maxx owner ups full-year guidance as Q1 margins rise
The TJX Companies, the company that owns TK Maxx, has raised its full-year guidance after its first quarter trading was better than expected. In the quarter ended 29 April 2023, sales rose by 3% to $11.8bn (£9.48bn), while net income was $891m (£716m) and diluted earnings per share were $.76…
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