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TK Maxx sales and profits rise

Sales at TK Maxx rose 11% to £2.4bn in the year to January 2016.

TK Maxx

Pre-tax profits were up 11% year on year £142.3m.

TK Maxx opened 25 new stores last year, and 24 more are planned in 2017. Like-for-like sales were up 4.6% on the year before.

The retailer said costs were kept low by cutting back on advertising and store fittings, as well as focusing “aggressively” on expenses.

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