TJX: Price increases are good
Home & Textiles Today Staff -- Home Textiles Today, May 18, 2010
Framingham, Mass. – TJX Companies’ chief told analysts today that higher merchandise prices are ultimately good for the top line.
“There’s a lot of talk about cotton prices and wool prices,” said president and ceo Carol Meyrowitz. “Any price increase is beneficial to us in terms of tickets going up.”
She noted pricing has been largely deflationary over the past decade.