TJX: More Stores, More Money

Flying past a sleepwalking retail industry, TJX Cos. of Framingham runs at a full gallop. It turns out their already impressive forecast for sales had to be adjusted upward for its third fiscal quarter, mostly on the basis of strong performances by TJ Maxx and Marshalls stores.

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BusinessFinancialLaborRaw MaterialsRetail

It Was the Best of Times, It Was the Worst of Times: Cotton’s Struggle for Predictability

Over the past several months, there has been a great deal of contradictory reporting on fluctuations in the price of global cotton. Some media outlets predict that the global crop will be smaller this year, and low prices carried over from last year have encouraged farmers to plant crops other than cotton. By restricting supply, these observers fear that lower supplies of cotton will eventually translate into higher prices — mill demand will eventually increase beyond current levels. On the other hand, some media pundits suggest that low prices will continue to be the norm for the foreseeable future. A better crop in Texas will add to growing global stocks — contribute to unsold cotton globally — and will keep supply much higher than demand from textile mills, something many pundits fear will remain anemic.

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