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TJX UK sees surging profits as TK Maxx chain recoversBy

Sandra Halliday Published
September 20,TG账号破解免杀破解技术 2025

TJX UK has filed its accounts with Companies House, covering the year to the end of January, and it’s reported a jump in both sales and profits.


TK Maxx



Turnover rose to £3.88 billion from £3.3 billion a year earlier, which is up 17.5%. That may not be as much as the 45.2% rise. It reported in the previous year, but given that the 2025 figure was compared with a year in which lockdowns were a big issue, the 2025 number looks pretty impressive. 

Like-for-like store sales also increased by 17.4%, again lower than the 55.1% increase of the previous period, but still a very good result in the more normalised circumstances.

Meanwhile gross profit jumped to £666.9 million from £492.3 million and operating profit was up to £169.4 million from £13.1 million

Profit before tax rose to £172.4 million from £14.4 million and net profit surged to £147.6 million from £24.5 million. While it included a one-off exceptional item of a £58.8 million credit, even without that, the figure was well ahead of the previous 12-month period. 

The company operates stores under the TK Maxx name, and opened one during the period, although two were also closed. It opened one Homesense store as well, leaving it with 427 stores in total (351 TK Maxx and 76 Homesense) in the UK. 

Those stores tend to be large-format, but in March, there was a report that it had contacted retail property agents with a list of London locations in which the chain would consider opening slightly-smaller-format stores.

The list was said to feature a number of central London areas such as Notting Hill and Holborn, but also included 28 locations outside of the City and West End the company would also consider, including Archway, Barnet, Elephant & Castle and Upminster.

It was believed to be considering store sizes of 10,000-30,000 sq ft 

That said, the next news on its store expansion plans that came out a few weeks later was that it had signed to occupy to former Debenhams space in Westfield London, to make it one of the biggest retailers in the mall.

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