Written by Madeline Stone
Shoppers were eager to return to TJ Maxx, Marshalls, and HomeGoods stores as they reopened this month, the retailers’ parent TJX Companies said in its first-quarter earnings release.
In fact, the company said, sales at reopened stores were actually higher than they were during the same period last year.
“Initial sales overall have been above last year’s sales across all states and countries for the over 1,100 stores that have been reopened for at least a week,” the company said. “However, it is still early in the quarter and sales could fluctuate.”
TJX closed all of its stores, distribution centers, and offices worldwide on March 19. It started reopening stores on May 2.
By Thursday, more than 1,600 stores were back open globally, including stores in 25 US states and all locations in Germany, Poland, Austria, the Netherlands, and Australia. It said it was expecting to be fully open by the end of June.
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