The latest financial statements of TK Maxx show, the retailer achieved record $5.22 billion sales in 2024 over the past year. Reaching a new milestone, the turnover of TJX UK, TJ Maxx’s division under the TK Maxx brand, increased by 3.6 percent during the months of Jan-Feb’24.
According to a Companies House report, the growth was driven by an uptick in foot traffic, contributing to a 3.0 percent rise in like-for-like revenues, which amounted to $3.48 billion. TK Maxx expanded its footprint by opening five ne
w stores, bringing its total to 432 locations, including TK Maxx and Homesense outlets. Despite the sales increase, the retailer’s profit declined from $192.61 million to $134.28 million, partly due to an exceptional one-time payment of US $68.9 million the previous year.
The results come after parent company, the Massachuesetts-headquartered TJ Maxx reported a 9 percent increase in net sales, reaching $54.2 billion for the year.
