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T.J. Maxx owner misses quarterly sales estimates -Breaking


© Reuters. FILE PHOTO – A pair of pedestrians is seen in and through a store window in Boston as they walk past a T.J. Maxx in Massachusetts. This was on February 21st 2017. REUTERS/Brian Snyder

(Reuters) – TJX (NYSE) – Cos Inc fell short of Wall Street’s estimates for its quarterly sales Wednesday due to temporary store closings caused by the COVID-19 pandemic.

According to IBES data by Refinitiv, the company’s net sales increased 14% to $13.85 Billion in its fourth quarter ending Jan. 29. This was below analysts’ expectations of $14.22 Billion.

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