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Stock impact report

TJX And HomeGoods Have The Potential To Make Something Special In E-Commerce [Forbes]

TJX Companies, Inc. (The) (TJX) 
Last tjx companies, inc. (the) earnings: 2/26 08:00 am Check Earnings Report
US:NYSE Investor Relations: investor.tjx.com
Company Research Source: Forbes
Shoppers load up their vehicle outside a HomeGoods store in South Bend, Indiana, U.S., on Monday,... [+]Nov. 16, 2020. TJX Cos Inc. is scheduled to release earnings figures on November 18. Photographer: Daniel Acker/Bloomberg© 2020 Bloomberg Finance LPTJX Cos. CEO Ernie Herrman did a pretty big about face last week when he announced that his company’s HomeGoods brand wouldenter the e-commerce arenaBut, oh what a difference six months makes.Since the start of the year, the pandemic has shone a bright light on two important things — one, that home furnishings is a great margin business (especially, when people are trapped at home), and, two, that e-commerce is kind of a big deal in 2020.Both of which are why Mr. Herrman’s latest pair of flip flops looks really good on him.WhileTJX’s overall comp store sales fell 5% this past quarterLooks, however, can be deceiving.A 15% increase does not hold a candle (pun intended) to what other home furnishings companies have been seeing online. For e Show less Read more
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