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COVID-19 Impact on The TJX Companies, Inc. and its Future Prospects

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Summary

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.

Scope
  • 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

Executive Summary
  • The TJX Companies, Inc.'s exposure to COVID-19
  • The TJX Companies, Inc.'s operational responses to COVID-19

Key findings
  • 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

Latest News
  • Indications from Stock Price and Influencers
  • Company reaction
  • Indications from recruitment trends
  • Safety Measures
  • Store reopening

Appendix
  • Methodology

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

Companies Mentioned

A selection of companies mentioned in this report includes:

  • The TJX Companies, Inc.
  • Gap, Inc
  • H&M
  • Amazon
  • Bestseller
  • Target
  • Inditex
  • Uniqlo