TJX in $1 billion share buyback
By Staff -- Home Textiles Today, 2/2/2007 12:34:00 PM
Framingham,Mass.– The TJX Companies plans to repurchase up to $1 billion in stock, amounting to about 7.5% of the outstanding common shares. Carol Meyrowitz, president and ceo of the $17.4 billion off-price retailer, said, “This new authorization reflects continued confidence in our business and our ability to deliver profitable sales growth.”
The company’s share price reached a 52-week high in early January, but broke sharply downward after TJX said it would incur a fourth-quarter charge in the wake of a computer security breach.
We would love your feedback!
-
Retail Briefs
Feb 5, 2007
Featured Company
-
Brandwise Inc.
Brandwise serves a model - not just an industry - by integrating, automating, and optimizing the entire sales channel, from wholesale Suppliers to their Reps and the Retailers they service. In short, our software helps Reps and Suppliers sell more and create... more
