TJ Maxx, Marshalls, Home Goods reopen over 1,600 stores
Sales at reopened stores were higher compared to the same time period in 2019
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TJX Companies, Inc., the parent retailer of TJ Maxx, Marshalls and Home Goods, said Thursday that it will have most of the company-owned stores reopened by the end of June based on COVID-19 government guidance.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| TJX | THE TJX COS. INC. | 97.45 | +2.34 | +2.46% |
Already more than 1,600 of its stores around the world have reopened since May 2, the company announced in its first-quarter earnings.
TJ MAXX, MARSHALLS REOPEN ONLINE STORES WITH LIMITED ACCESS
The company noted that sales across its reopened stores were higher compared to the same time period in 2019 and CEO Ernie Herrman is optimistic the trend will continue due to "the appeal of our treasure-hunt shopping experience, as well as pent-up demand" he said.
The move marked a major comeback after the fast-spreading virus stifled its global operations starting in Mid-March forcing store closures globally.
TJ Maxx discount fashion store facade in San Jose California on a sunny day.
TJ MAXX REOPENS TO HORDES OF SHOPPERS, MANY WITHOUT MASKS
Internationally, TJX Canada began to reopen stores in some provinces this week, while stores in Germany, Austria, Poland, the Netherlands, and Australia are fully operational, the company said.
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The company plans to continue reopening stores around the world in what it calls a "phased approach" as more states and countries loosen restrictions regarding retail.
The company's stores throughout the United Kingdom and Ireland remain closed, the company said.