March 29, 2007
Max for a stock buyback
By Matthew L. Brown
Framingham-based discount apparel and home décor retailer TJX Cos. will buy back up to $900 million in company stock during the fiscal year ending January 26, 2008.
The buyback is significantly more than the $557 million the company repurchased during the previous year.
TJX, which has been embroiled in a credit card information theft blow-up since the beginning of the year, has spent $4.8 billion on stock repurchases in the last 10 years. Since then, the company has bought back 309 million shares of its common stock.
This latest buyback program is in addition to the $436 million remaining under the company's current repurchase plan as of January 27.
TJX operates TJ Maxx, Marshalls, HomeGoods and other retail stores.
The buyback is significantly more than the $557 million the company repurchased during the previous year.
TJX, which has been embroiled in a credit card information theft blow-up since the beginning of the year, has spent $4.8 billion on stock repurchases in the last 10 years. Since then, the company has bought back 309 million shares of its common stock.
This latest buyback program is in addition to the $436 million remaining under the company's current repurchase plan as of January 27.
TJX operates TJ Maxx, Marshalls, HomeGoods and other retail stores.
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