Cammarata, formerly CEO of the company between 1976 and 2000,replaced Edmund English who resigned as president and CEO on Sept.13 amid tough sales results. Carol Meyrowitz, a former TJXexecutive who was most recently a consultant for the retailer, wasnamed president last week.
During TJX's latest quarter, which ended July 30, year-over-yearsame-store sales inched up 1%, and they increased 2% for the firsthalf of the year. Earnings per share in the first half were $0.55,down from $0.56 during the same year-ago period.
TJX executives' first step to improve results was to discontinueits e-commerce business, which was on track to lose $15 millionthis year. After this month, the company's websites will only beused for marketing purposes.
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