TJX Lifts Store Target to 7,500 as HomeGoods Offsets Marmaxx Comp
CEO Herrman said TJX could have had a better store mix, describing merchandise assortments at TJ Maxx as within the company’s control and leaving teams without the right basics. CFO John Klinger said Marmaxx’s relatively steady comp was possible across May through July, suggesting the issue was a missing 2–3% comp rather than a collapse. Marmaxx adjusted segment margin rose to about 14.2%.