Content about A. J. Wright

May 17, 2011

TJX Cos. reported Tuesday that net income for the first quarter plummeted 20% on the closing of its A.J. Wright stores, but strong sales buoyed the retailer’s full-year forecasts.

Framingham, Mass. -- TJX Cos. reported Tuesday that net income for the first quarter plummeted 20% on the closing of its A.J. Wright stores, but strong sales buoyed the retailer’s full-year forecasts.

TJX earned $266 million in the quarter ended April 30, compared with $331.4 million in the year-ago period. Revenue increased 4% to $5.22 billion, surpassing Wall Street's estimate of $5.14 billion.

Same-store sales increased 2%.

TJX raised the low end of forecast for full-year adjusted earnings.
 

February 23, 2011

TJX Cos. reported a 15% drop in fourth-quarter earnings, dragged down by costs to close its A.J. Wright store division.

Framingham, Mass. -- TJX Cos. reported a 15% drop in fourth-quarter earnings, dragged down by costs to close its A.J. Wright store division. The company also plans to repurchase $1.2 billion of its stock this fiscal year and raise its dividend.

The retailer earned $334.4 million in the three months ended Jan. 29, compared with $394.9 million in the same period last year.

Revenue rose 6.5% to $6.33 billion. Same-store sales were up 2% over the prior year’s strong 12% increase.

December 10, 2010

TJX Cos. said Friday it will close its A.J. Wright discount stores by mid-February, cutting 4,400 jobs.

Framingham, Mass. -- TJX Cos. said Friday it will close its A.J. Wright discount stores by mid-February, cutting 4,400 jobs. The move comes as the company’s T.J. Maxx and Marshalls chains have become better at attracting the lower-income customers that A.J. Wright targeted.

Ninety-one A.J. Wright stores will be converted into T.J. Maxx, Marshalls or HomeGoods stores, and 71 stores and two DC’s will close entirely. About 3,400 employees will keep their jobs and another 4,400 – half part-time and half full-time – will be cut.

November 16, 2010

The TJX Cos.' fiscal third-quarter earnings rose 7%, topping its own forecasts, as the discount retailer's sales improved.

Framingham, Mass. -- The TJX Cos.' fiscal third-quarter earnings rose 7%, topping its own forecasts, as the discount retailer's sales improved.

The company reported a better-than-expected profit of $372.3 million, up from $347.8 million in the year-ago period. Net sales rose 5% to $5.53 billion, from $5.24 billion. Same-store sales increased 1%.

September 28, 2010

Pine Tree Commercial Realty said that A.J. Wright, a concept of TJX Cos., will open...

July 19, 2010

TJX Cos. said Tuesday that it will expand its Marshalls store chain into Canada, with...

July 6, 2010

Oak Brook, Ill.-based Inland Real Estate Corp. said that it has signed a lease with...

January 21, 2009

TJX Cos. is offering a 15% discount to its customers in appreciation for their loyalty...

August 19, 2008

The TJX Cos. said Wednesday that it has sold Bob’s Stores to private-equity firms Versa...

July 24, 2008

TJX Cos. is reportedly in discussions to sell its money-losing Bob's Stores, Bloomberg reported on...

October 5, 2005

Framingham, Mass., The...

February 22, 2005

Framingham, Mass., The...