Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We use cookies to personalise your experience; learn more in our Privacy and Cookie Policy. You can opt out of some cookies by adjusting your browser settings; see the cookie policy for details. By using this site, you agree to our use of cookies.

TK Maxx owner posts sales and profit rise

TJX Europe, the parent company of off-price chain TK Maxx, increased net sales by 13% to $4.64bn (£3.31bn) excluding the impact of currency exchange, while profit was up 3% to $335m (£239bn) for the year to January 30.

The company said its profits were negatively impacted by investments in growth in new countries including Austria and The Netherlands, as well as Australia, where it acquired 35-store off-price chain Trade Secret.

TK Maxx opened 23 stores in the UK during the period.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.