×
83 726
Fashion Jobs
JCPENNEY
Senior Manager, Creative Operations (Samples And Creative Technology) â€" Marketing
Permanent · Plano
JCPENNEY
p&a Business Analyst - Women's Active
Permanent · Plano
LEVI'S
Senior Business Analyst, Global Distribution
Permanent · Henderson
NIKE
Marketplace Operations Business Analyst
Permanent · Beaverton
NIKE
Director, Retail Brand Marketing Men’s Performance & Lifestyle
Permanent · Beaverton
NIKE
na Retail Brand Marketing Manager Men’s Performance (Running)
Permanent · Beaverton
FOOT LOCKER
sr. Manager of Operations - Distribution Center
Permanent · Camp Hill
TAPESTRY
Manager, Materials
Permanent · New York
ESTÉE LAUDER
Keyholder - Cosmetics Company Store - 20 Hours - Settlers Green Outlets - North Conway, nh
Permanent · Conway
ESTÉE LAUDER
Lead Security Engineer - Enterprise Cybersecurity And Risk
Permanent · New York
GAP INC
Senior Product Manager – Retail Labor Optimization
Permanent · San Francisco
GAP INC
Associate Production Manager- Licensing- Old Navy
Permanent · San Francisco
GAP INC
Senior Asset Protection Manager
Permanent · McLean
NEW BALANCE
sr. Manager, Value Chain Business Operations (Project Management)
Permanent · Lawrence
CENTRIC BRANDS
Account Manager - Amazon
Permanent · New York
CENTRIC BRANDS
Human Resources Business Partner (Hrbp)
Permanent · New York
ULTA BEAUTY, INC.
Regional lp Manager
Permanent · Los Angeles
BANANA REPUBLIC
Asset Protection Service Representative - Bay Ridge
Permanent · New York
BANANA REPUBLIC
General Manager - Burlingame
Permanent · Burlingame
GAP
Asset Protection Service Representative - Fulton Street Mall
Permanent · New York
GAP
Manager - Marketing Production
Permanent · New York
ADIDAS
Digital Production Project Manager
Permanent · Portland
By
Reuters
Published
Feb 25, 2015
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

TJX says strong dollar, wage hikes to hurt profit

By
Reuters
Published
Feb 25, 2015

Discount apparel retailer TJX Cos Inc forecast current-quarter and full-year profit below analysts' expectations, citing a strong dollar and wage hikes.

TJX said on Wednesday it would raise wages in the United States to a minimum of $9 per hour from June, a move that matches Wal-Mart Stores Inc's hike announced last week.

TJ Maxx, Winners and HomeSense are all nameplates of The TJX Companies, Inc. - TJ Maxx


TJX said it expected a strong dollar to reduce its profit by 5 percent and wage hikes to lower earnings by 4 percent in the year ending Jan. 30, 2016.

Shares of the company, which gets nearly a quarter of its revenue from international markets, were down 1.5 percent at $66.17 in early trading.

TJX forecast a profit of 64-66 cents per share for the first quarter and $3.17-$3.25 per share for the full year.

Analysts on average were expecting 72 cents per share for the current quarter and $3.50 for the full year, according to Thomson Reuters I/B/E/S.

The company also said it would buy back up to $1.8 billion-$1.9 billion of shares this fiscal year.

TJX's net income rose 11.3 percent to $648.2 million, or 93 cents per share, in the fourth quarter ended Jan. 31.

Revenue rose 6.3 percent to $8.3 billion. Same-store sales increased 4 percent.

Analysts on average had expected a profit of 90 cents per share and revenue of $8.26 billion.

$1 = £0.65
 

© Thomson Reuters 2022 All rights reserved.