TJX competed against Pittsburgh-based retailer Dick's SportingGoods Inc. for Bob's Stores in an auction held under thejurisdiction of the US Bankruptcy Court in Bangor, ME.
Edmond J. English, president and CEO of TJX says, "We believeBob's Stores will be a significant long-term growth vehicle forTJX, with the potential over time of providing amulti-billion-dollar revenue stream and growing to be a chain of400 stores in the US. While we see significant long-term potentialwith Bob's Stores, this acquisition is expected to have only aminimal impact on TJX's earnings per share over the next fewyears."
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
