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Apparel Stores M&A image Apparel Stores M&A » By The Online Investor Staff, updated Thu., Mar. 28, 8:14 PM Recent mergers and acquisitions in the Apparel Stores M&A category.

Slide #12. The TJX Companies, Inc. Sierra Trading Post

Acquirer: The TJX Companies, Inc. (NYSE:TJX)
Acquiree: Sierra Trading Post
Details: The TJX Companies, Inc. (NYSE:TJX), the leading off-price retailer of apparel and home fashions in the U.S. and worldwide, today announced that it has acquired Sierra Trading Post, an off-price Internet retailer based in Cheyenne, Wyoming. The purchase price of approximately $200 million, which is subject to customary post-closing adjustments, was paid in cash and financed from TJX's existing cash balances. TJX expects that this transaction will be slightly accretive to earnings beginning in fiscal 2014, but that this impact will not be material to TJX's consolidated financial statements.

TJX Companies is an off-price apparel and home fashions retailer. Co.'s segments are: Marmaxx, which operates the T.J. Maxx and Marshalls chains in the U.S. that sell family apparel, home fashions and other merchandise, and Sierra chain that sells outdoor apparel, footwear, and gear; HomeGoods, which provides an assortment of home fashions, including furniture, rugs, lighting, soft home, decorative accessories, tabletop and cookware, as well as pet and gourmet food departments; TJX Canada, which operates the Winners, HomeSense and Marshalls chains in Canada; and TJX International, which operates the T.K. Maxx and Homesense chains in Europe and the T.K. Maxx chain in Australia.

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Company Name:  TJX Companies, Inc.
Stock buyback:  TJX buyback
Website:  www.tjx.com
Sector:  Apparel Stores
Number of ETFs Holding TJX:  115
Total Market Value Held by ETFs:  $13.61B
Total Market Capitalization:  $113.17B
% of Market Cap. Held by ETFs:  12.02%
 

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March 28, 2024    8:14 PM Eastern
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Strong Buy (3.67 out of 4)
65th percentile
(ranked higher than approx. 65% of all stocks covered)

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