8 334
Fashion Jobs
BENCHMARK SERVICES
Area Sales Manager - Sme Lap With Top Nbfc Company
Permanent · AHMEDABAD
GENIUS CONSULTANTS
Opening For Territory Sales Manager OR Area Business Manager
Permanent · NASHIK
TALISMAN HR SOLUTIONS
Area Sales Manager (Transportation & Logistics Company)
Permanent · AHMEDABAD
AUXIN RECRUITMENT CONSULTANTS
Area Sales Manager | Lap | Hyderabad
Permanent · HYDERABAD
BERGER PAINTS
Area Sales Manager Wood Coating
Permanent · ROHTAK
360 REALTORS
Hiring -Team Leader/ Sales Manager / Relationship Manager| Pune
Permanent · PUNE
LEVI'S
Senior Supply Planner
Permanent · BENGALURU
ADIDAS
Manager -Tech Infrastructure
Permanent · CHENNAI
ADIDAS
Senior Specialist - Finance Operations FP&A
Permanent · CHENNAI
ADIDAS
sr. Manager Merchandising Ecommerce - em Hub
Permanent · GURUGRAM
ADIDAS
sr. Manager- DPC Partner Program
Permanent · GURUGRAM
L'OREAL GROUP
Online Brand Manager
Permanent · MUMBAI
L'OREAL GROUP
Retail And Education Manager - Ysl
Permanent · MUMBAI
JCPENNEY
Senior Manager
Permanent · BENGALURU
DAMYAA PJ FOODS
Area Sales Manager/Regional Sales Manager
Permanent · ROHTAK
ON TIME SOLUTIONS
Branded Fmcg Company Opening For Area Sales Manager in North Kerala
Permanent ·
HECTOR AND STREAK CONSULTING
Sales Engineer / am / Manager - Ups
Permanent · MUMBAI
HDFC LIFE
Hiring For Associate Area Manager-Abp Channel
Permanent ·
STONELAM SURFACES LLP
Area Sales Manager- Project Sales
Permanent · CHENNAI
SHINE
Oracle Functional Consultant - Scm
Permanent ·
SHINE
System Administrator
Permanent ·
SHINE
Information Technology Executive
Permanent ·
By
Reuters
Published
Dec 31, 2012
Download
Download the article
Print
Text size

TK Maxx buys off-price online retailer in e-commerce push

By
Reuters
Published
Dec 31, 2012

TJX Cos Inc said it bought Sierra Trading Post, an off-price Internet retailer, for about $200 million, the latest brick-and-mortar store to try to attract customers who shop online via smartphones and tablets.



TJX, which sells designer clothing and home goods at lower prices than department stores, said it expects the acquisition of Cheyenne, Wyoming based Sierra Trading to add slightly to earnings beginning in fiscal 2014, "but that this impact will not be material to TJX's consolidated financial statements."

"We continue to plan on launching e-commerce sites for TJX brands and this acquisition adds immediate scale, capabilities and infrastructure in e-commerce, which we can leverage in that regard," Carol Meyrowitz, chief executive officer of TJX said in a statement.

The company financed the deal from its existing cash balances.

Retailers across the board are boosting their online and digital presence as they cater to an increasing number of shoppers who use tablets and smartphones to buy stuff. A glitch-free and dependable internet presence is now considered as important for sales as a good in-store experience.

TJX shares were trading down 35 cents at $42 Friday on the New York Stock Exchange.

© Thomson Reuters 2024 All rights reserved.