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The post coronavirus (COVID-19) company impact report analyses the impact of the COVID-19 outbreak on The TJX Companies, Inc. & its future prospects.
TJX will underperform its original 2020 sales forecast in the wake of the COVID-19 pandemic, which led all its stores and online platforms to shut their operations during the peak of the crisis.
TJX sales are forecast to decline by 10.0% in 2020, versus the publisher’s original 2020 forecast of +6.9%, highlighting the negative impact of the COVID-19 crisis on the group’s performance.
- TJX will underperform its original 2020 sales forecast in the wake of the COVID-19 pandemic
- Temporary store closures had a significant impact on TJX revenues. To highlight, the group registered a net loss of US$887 million in the first quarter of FY 2021 ended May 2nd, 2020 and a net loss of $214 million in the second quarter, ended August 1st, 2020
- The outlook of the group looks gloomy as the pandemic continues to take a toll on overall performance.
Reasons to Buy
- Use our revised 2020 forecast for The TJX Companies, Inc. to understand how it will perform this year.
- Use our charts to review how The TJX Companies, Inc.'s sales are split by region globally and how these regions have been impacted by COVID-19.
- Use our in-depth analysis to review how The TJX Companies, Inc. has responded to COVID-19 and how this will affect its performance.
Table of Contents
- The TJX Companies, Inc.'s exposure to COVID-19
- The TJX Companies, Inc.'s operational responses to COVID-19
- Key conclusions
Geographic spread analysis - COVID 19 vs The TJX Companies, Inc. Group Sales
- Global & regional impact
- Impact score for The TJX Companies, Inc. versus competitors
- Financials for The TJX Companies, Inc. versus competitors
Revised 2020 revenue forecast
- The TJX Companies, Inc.’s exposure
- Indications from Stock Price and Influencers
- Company reaction
- Indications from recruitment trends
- Safety Measures
- Store reopening
List of Figures
- Spread of COVID-19- confirmed cases, number in treatment, recoveries and deaths.
- Countries/ regions affected by COVID-19
- Spread of The TJX Companies, Inc. group sales in 2019
- COVID-19 global impact score for The TJX Companies, Inc. versus competitors
- The TJX Companies, Inc. global revenue and year on year growth 2015-2020
- The TJX Companies, Inc. exposure: by region vs regional impact levels
A selection of companies mentioned in this report includes:
- The TJX Companies, Inc.
- Gap, Inc