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

Where are fashion’s priorities? How sustainability will fare post pandemic is just one of many open questions. Join SJ on July 15 at 11 am for a webinar on how the crisis will affect future sourcing decisions and how to better measure progress.

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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