TJMaxx hopes customers will 'revenge shop' to make up for a lost year
CNN
TJMaxx has taken a hit from the pandemic with fewer people visiting stores and picking up clothing. But the discount giant is betting that customers will re-emerge once they get the Covid-19 vaccine and "revenge" shop to make up for the lost year.
TJX (TJX), the owner of discount chains TJMaxx and Marshalls, said Wednesday that sales at stores in the United States open for at least a year dropped 7% during the 13 weeks ending January 30 compared with the same stretch last year. CEO Ernie Herrman said on a call with analysts that consumer demand for clothing in the pandemic wasn't "as great as it has been." But he expects that to change. Herrman predicts a "resurgence in consumer spending and revenge shopping once vaccines are widely available," he said.
The special counsel stressed his decision was not about the strength of his case against Trump
CNN’s 5 Things brings you the news you need to know every morning.
A Republican senator has blocked the promotion of a general who oversaw the US withdrawal from Afghanistan, according to a source familiar with the matter, as President-elect Donald Trump has vowed to go after the officials involved in the withdrawal.
Special counsel Jack Smith said Monday that he is dropping his election subversion case against President-elect Donald Trump, seeking the case’s dismissal in a court filing with the judge.
President Joe Biden tapped into his presidential pardon power in the waning days of his time in office Monday, granting clemency to a pair of lucky turkeys and kicking off the holiday season.
The Supreme Court declined Monday to hear a challenge from major tobacco companies to the Food and Drug Administration’s requirement that they place graphic health warnings on cigarette packages and in advertisements.
The family of Ajike “AJ” Owens, a Black mother of four who was shot and killed by her neighbor during an ongoing dispute over children playing near the neighbor’s home, says the 60-year-old white woman deserves “the maximum penalty under the law,” according to a statement.
Despite his campaign promises to leave the issue to the states, President-elect Donald Trump’s administration will shape the national landscape around abortion and reproductive health.
The criminal cases of actors Jussie Smollett and Bill Cosby, both Black, high-profile entertainers found guilty before their convictions were overturned, differ widely in details but share some parallels.
Uruguayans went to the polls Sunday for a second round of voting to choose their next president, with the conservative governing party and the left-leaning coalition locked in a close runoff after failing to win an outright majority in last month’s vote.
Elon Musk and Vivek Ramaswamy are determined to force federal employees to return to the office in hopes that some will opt to quit instead. That effort is going to affect some agencies – and workers – much more than others.