TJX Europe to slow expansion as third quarter profits fall 20%

TJX Europe, the European parent company of off-price retailer TK Maxx, is planning to slow its European expansion to get the business “back on track” after posting a 20% drop in profits to $39m for the third quarter to October 30.

TJX Europe, the European parent company of off-price retailer TK Maxx, is planning to slow its European expansion to get the business “back on track” after posting a 20% drop in profits to $39m (£24.5m) for the third quarter to October 30.

 

Already have an account?

Want to read more?

Register for LIMITED guest access

Register now

Get premium access

£5 A MONTH for 3 months

Subscribe now