FRAMINGHAM (AP) - The parent company of TJ Maxx and Marshalls
clothing stores says its November revenue at stores open at least a year rose 3
percent, falling short of Wall Street expectations.
Analysts polled by Thomson Reuters expected a 3.6 percent increase in TJX
sales
Revenue at stores open at least a year is a key gauge of a retailer's health
because it excludes results from stores recently opened or closed.
Shares of TJX fell 64 cents to $43.40 before the market open.
CEO Carol Meyrowitz said in a statement that the Framingham, Mass., company
experienced strong business throughout Thanksgiving week and weekend, with
customers seeking out its stores for bargains.
For the four weeks ended Nov. 24, revenue climbed 7 percent to $2.2 billion.
