In a retail environment consistently squeezed by online sales, TJX has found just where it needs to be. It's an off-price retailer that doesn't need to compete for the latest fashions but instead offers surprises for shoppers.
Sales and profits took a different direction in the latest earnings report from Framingham's TJX, with sales growing by 7 percent and net income declining by 6.3 percent year-over-year for the third quarter of the 2017 fiscal year.
Framingham's TJX has announced a public offering of $1 billion in notes that it will use for corporate expenses, working capital and to offset previous notes.
As other retailers continue to pull back from brick-and-mortar locations, TJX is reporting continued growth in-store traffic that resulted in $562 million in earnings in the second quarter of the year.
The reins of one of Central Massachusetts' largest companies have officially been handed over, as Ernie Herrman takes over the role of CEO from TJX's long-time leader Carol Meyrowitz.