TJX’s net income more than triples
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From Times Staff and Wire Reports
TJX Cos., the owner of the T.J. Maxx and Marshalls chains, said second-quarter profit more than tripled as cash-strapped consumers bought reduced-price clothes and shoes.
Net income climbed to $200.2 million, or 45 cents a share, as revenue increased 7.1% to $4.62 billion.
Profit in the year-earlier period was $59 million, or 13 cents.
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