TJ Maxx owner gains mideast access with Brands for Less stake
By Bloomberg Published Aug 22, 2024 The owner of T.J. Maxx has acquired a 35% stake in Dubai-based Brands for Less for $360 million, giving the US discount retailer access …
TJX Cos Ltd
American Exchange acquires Island Surf Company
American Exchange Group announced on Tuesday its acquisition of casual footwear brand, Island Surf Company. Financial terms of the deal were not disclosed. Island Surf Company Under the agreement, Island Surf …
Investors push Zara owner Inditex to publish full supply chain
By Reuters API Published Mar 11, 2024 Investors want Zara owner Inditex to follow rivals H&M and Primark in making its full list of suppliers public so they can better …
Nordstrom sees muted revenue, comparable sales in current year
By Bloomberg Published Mar 5, 2024 Nordstrom Inc. is forecasting muted revenue and comparable sales growth this year as sluggish demand at its high-end namesake stores offsets an improving outlook …
Black Friday finds picky US shoppers waiting for bigger bargains
By Bloomberg Published Nov 25, 2023 Black Friday sales show US consumers are watching their wallets and holding out for deeper discounts, which sets retailers up for a subdued holiday …
Nordstrom sales miss in sign of challenges ahead of Black Friday, holidays
By Bloomberg Published Nov 21, 2023 Nordstrom Inc. beat Wall Street’s profit estimates on lower markdowns and better inventory management, but revenue fell short — highlighting the challenges the upscale …
Kohl’s COO departs unexpectedly
Kohl’s Corp. announced on Monday that Dave Alves, president and chief operating officer, has left the department store retailer less than a year into the role. Dave Alves – Courtesy …
Ross Stores lifts annual profit view on cooling freight, robust off-price demand
By Reuters Published Nov 19, 2023 Ross Stores raised its annual earnings forecast after topping third-quarter sales and profit expectations on Thursday, helped by robust demand at its discount outlets …
TJ Maxx parent sees downbeat holiday earnings as higher costs weigh
By Reuters Published Nov 16, 2023 TJX Cos forecast current-quarter profit below Wall Street expectations on Wednesday, signaling that spiraling costs were weighing on the off-price retailer’s margins even as …
Discount retailers’ sales rebound with anxious shoppers seeking deals
By Bloomberg Published Nov 14, 2023 Value retailers are holding up against a broader spending pullback as persistent anxiety over the economy and a softening job market drive shoppers to …