TJX Reduces Executive Salaries and Board Retainers [TheStreet.com]
TJX Companies, Inc. (The) (TJX)
Last tjx companies, inc. (the) earnings: 2/26 08:00 am
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Source: TheStreet.com
TJX Cos. TJX said it was reducing the base salaries of Chief Executive Ernie Herman and Executive Chairwoman Carol Meyrowitz by 30% from April 12 and through July 4 as the retailing parent of TJ Maxx and Marshalls feels the crunch from the coronavirus pandemic.The Framingham, Mass., company also pared the base salaries of other executive officers 20%. Other senior executives will take salary cuts, and the board agreed to reduced retainers for the same period as the other executives.These developments come on top of the retailer's recent decision to close all stores for at least two weeks starting March 19.The company also temporarily closed its online businesses, distribution centers and had corporate employees working remotely where possible.The retailer said it was paying its associates until the week ending April 11 before implementing furloughs after that date for the majority of its store and warehouse workers.It expects the reopening of its stores to vary by state and locality."
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TJX
News
- TJX Companies (NYSE:TJX) had its "buy" rating reaffirmed by analysts at UBS Group AG.MarketBeat
- TJ Maxx Hits the Road with the First-Ever "Maxxinista Express" Holiday Tour Inspired by its Iconic Superfans [Yahoo! Finance]Yahoo! Finance
- TJ Maxx Hits the Road with the First-Ever "Maxxinista Express" Holiday Tour Inspired by its Iconic SuperfansPR Newswire
- Macro tailwinds push off-price retail into focus as The TJX Companies announces further expansion [Yahoo! Finance]Yahoo! Finance
- TJX Companies (NYSE:TJX) had its price target raised by analysts at Robert W. Baird from $160.00 to $165.00. They now have an "outperform" rating on the stock.MarketBeat
TJX
Earnings
- 11/19/25 - Beat
TJX
Sec Filings
- 12/2/25 - Form 10-Q
- 11/21/25 - Form 144
- 11/21/25 - Form 4
- TJX's page on the SEC website