January 6, 2011
TJX December Sales Rise
Framingham-based discount retailer The TJX Cos Inc. saw a 6 percent increase in December sales this year, and a 2 percent increase in comparable store sales.
The company, which runs T.J. Maxx, Marshalls and HomeGoods stores, said the results were impressive because they come on top of a 14 percent increase in comparable store sales last year.
TJX also increased its guidance for the fourth quarter of fiscal 2011, projecting diluted earnings of between 70 and 71 cents per share. When it announced the closing of its A.J. Wright stores in December, the company projected earnings of 62 to 64 cents per share.
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