TK Maxx’s parent company TJX Companies has reported an increase in net profits in the fourth quarter, thanks to “increased customer traffic at all four major divisions”.
For the 52-week fiscal year ending February 1, revenues for the group – which also operates homeware retailer Homesense – were up 10 per cent to $12.2 million (£9.32 million) from the same period last year.
Net profit reached $985 million (£754 million) during the period, a seven per cent increase from $842 million (£643 million) a year earlier, while annual sales came in at $41.7 billion (£31.9 billion).
