Thursday, May 21, 2020

TJX Slips To Loss In Q1, Net Sales More Than Halve

The TJX Companies Inc. (TJX) Thursday reported a loss for the first quarter, compared to profit in the prior year. Quarterly net sales dropped 52.5 percent, hurt by the temporary closure of its stores due to the Covid-19 pandemic. The company expects very strong initial sales overall at stores across all states and countries that have been reopened at least a week.

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