TJX Sales Rise Again In Nov.
Framingham-based retail giant TJX Cos. Inc. reported an increase of 3 percent in same-store sales for November, which, according to a statement from CEO Carol Meyrowitz, was higher than expected. Year-to-date, through Nov. 24, consolidated comparable store sales were up 7 percent over last year.
Total sales for the company were $2.2 billion for the month, up 7 percent over November 2011. For the first 43 weeks of the year, sales hit $20.3 billion, 10 percent more than the $18.5 billion in sales TJX achieved last year.
"Business throughout the Thanksgiving week and weekend was robust, even as we remained true to our off-price practice of offering great values every day, and stayed out of the fray of Black Friday promotions," Meyrowitz said.
TJX, which operates T.J. Maxx, Marshalls and HomeGoods, also announced that it will pay out a quarterly dividend of nearly 12 cents per share on March 7 to shareholders of record as of Feb. 14.
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