TJX to furlough most store, distribution center employees after April 11; executives trim salaries for 3 months [MarketWatch]
TJX Companies, Inc. (The) (TJX)
Last tjx companies, inc. (the) earnings: 2/26 08:00 am
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Source: MarketWatch
TJX Companies disclosed Tuesday that is implementing temporary furloughs for most of its retail store and distribution center employees after April 11, as a result of continued store closures amid the coronavirus pandemic. The apparel and home furnishings retailer said it will provide benefits to eligible employees at no cost during the furlough period, the duration of which is still uncertain. Meanwhile, TJX said Chief Executive Ernie Herrman and Executive Chairman Carol Meyrowitz have agreed to have their base salaries reduced by 30% for a defined period, from April 12 to July 4. To put that in perspective, TJX's 2019 proxy statement showed that Herman's 2019 base salary was $1.60 million, or 8.5% of his total compensation of $18.82 million, which included non-equity incentive plan compensation of $5.57 million. Meyrowitz's 2019 base salary of $1.04 million was 9.2% of total compensation of $11.26 million, which included $3.63 million in non-equity incentive plan compensation. TJX's
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TJX
News
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- The TJX Companies, Inc. (NYSE:TJX) Third-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For Next Year [Yahoo! Finance]Yahoo! Finance
- Yahoo Finance [Yahoo! Finance]Yahoo! Finance
- TJX Positioned For Market Share Gains: Analyst Notes Momentum In Sales And Margin Expansion [Yahoo! Finance]Yahoo! Finance
TJX
Earnings
- 11/20/24 - Beat
TJX
Sec Filings
- 11/22/24 - Form 4
- 11/22/24 - Form 144
- 11/20/24 - Form 8-K
- TJX's page on the SEC website