TJX Europe to slow expansion as third quarter profits fall 20%

TJX Europe, the European parent company of off-price retailer TK Maxx, is planning to slow its European expansion to get the business “back on track” after posting a 20% drop in profits to $39m for the third quarter to October 30.

TJX Europe, the European parent company of off-price retailer TK Maxx, is planning to slow its European expansion to get the business “back on track” after posting a 20% drop in profits to $39m (£24.5m) for the third quarter to October 30.

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