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TJX Ups Fiscal 2020 Guidance, Notes Increased Supply Chain and Freight Costs

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The TJX Cos. Inc. once again saw customer traffic gains at its brick-and-mortar stores in all four major divisions, leading to above-plan results even as gross margins were impacted by increased supply chain and freight costs. In a Nutshell: Ernie Herrman, president and chief executive officer, said, “Once again this quarter, customer traffic was the…

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