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Wednesday, April 7, 2010 as of 11:14 AM ET

Carol Meyrowitz

Carol Meyrowitz

Carol Meyrowitz (age 52 in 2006) is the president, Chief Executive Officer, and director of TJX Companies, the leading off-price retailer in the United States.

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T.J. Maxx Profit Climbs on Comp-Store Sales Growth

Marshalls operator TJX (NYSE:TJX) reported a better-than-expected 36% rise in first-quarter profit and lifted its fiscal year guidance on Tuesday as sales at its veteran stores continued to improve.

The off-price retailer operating under brands such as T.J. Maxx and HomeGoods reported net income of $419 million, or 55 cents a share, compared with a year-earlier $266 million, or 34 cents.Revenue for the three months ended April 28 was up 11% year-over-year to $5.8 billion from $5.2 billion on an 8% increase in comparable-store sales, or those open longer than a year.Analysts were looking for a profit of just 54 cents on sales of $5.76 billion, according to a Thomson Reuters poll.The results were led by gains in the U.S., Canada and Europe, with comparable sales up across its domestic and international divisions.The retailer's gross profit margin improved by 2.2 points to 11.8% as TJX continued to tighten administrative costs."We are extremely pleased that our strong momentum continued in...

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  1. Retailers see consumers hit by higher prices

    By Martinne GellerNEW YORK (Reuters) - Higher costs for gasoline, food and clothing are crimping the fledgling U.S. economic recovery, especially for lower-income co...

  2. TJX Profit Slips in 4Q on Increased Costs

    Retailer TJX (NYSE:TJX) revealed on Wednesday a narrowed fourth-quarter profit on higher expenses, though its shares still swung ahead of Wall Street estimates on im...

  3. TJX Posts Higher December Sales, Updates Guidance

    Helped by stores open at least a year, leading off-price retailer TJX (NYSE:TJX) reported on Thursday a 6% gain in December sales, pushing the company to raise its f...

  4. TJX Trumps Wall Street Despite Warmer-Than-Usual Fall Season

    Off-price retailer TJX Cos. (NYSE:TJX) reported Tuesday a slightly better-than-expected third-quarter profit, as consumers sought cold-weather attire despite a warme...

  5. TJX profit up on rising traffic; shares higher

    NEW YORK (Reuters) - TJX Cos Inc reported higher second-quarter profit on tighter inventories and stronger demand for its cut-price designer brands, and its shares r...

  1. TJX's CEO Compensation Fell By More Than Half Last Year

    TJX Cos. (TJX) Chief Executive Carol Meyrowitz received a compensation package worth $11 million last year, according to a proxy filed with the Securities and Exchan...

  2. TJX March Sales Blow Past Forecasts

    Boosted by unseasonably warm weather and an increase in foot traffic, TJX Cos. (NYSE:TJX) nearly doubled Wall Street's expectations by generating a 10% leap in March...

  3. TJX Profit Climbs 42% in 4Q as Same-Store sales Jump 7%

    Powered by a 7% jump in same-store sales, T.J. Maxx and Marshalls parent TJX Cos. (NYSE:TJX) met Wall Street’s expectations on Wednesday by posting a 42% leap in fou...

  4. TJX 4Q Profit Rises 42%; $2 Billion Stock Buyback Unveiled

    DOW JONES NEWSWIRESTJX Cos.' (TJX) fiscal fourth-quarter earnings rose 42% as the discount retailer's bargain-conscious shoppers continued to drive sales growth.The ...

  5. TJX Profit Up; Buyback, Dividend Increase Planned

    TJX Cos. , parent company of T.J. Maxx and Marshalls, on Wednesday reported fiscal fourth-quarter profit jumped to $475.3 million, or 62 cents a share, from $334.4 m...

  6. TJX Ups Holiday Forecast as 3Q Net Climbs 9.2%

    Retailer TJX Co. (NYSE:TJX) posted a 9.2% rise in third-quarter profits on Tuesday despite warmer weather, triggering a more bullish holiday-sales outlook from the p...

  7. T.J. Maxx 2Q Profit Jumps 14%

    T.J. Maxx and Marshalls operator TJX (NYSE:TJX) revealed on Tuesday sharply higher second-quarter profit that trumped analyst expectations as domestic demand for low...

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