Wednesday, May 27, 2020

TJX takes $187M in gov't funding to offset payroll; defers rent to FY 2022

Boston Business Journal
Framingham-based The TJX Cos. accepted a combined $187 million in government funding to offset payroll for its workers in North America and Europe, and is deferring rental payments for many of its 4,500 stores until fiscal 2022, the discount retail giant disclosed in a securities filing this week.

TJX is the parent company of T.J. Maxx, Marshalls and HomeGoods, and has a global workforce of 270,000. It employs about 17,000 in Massachusetts. . . . more