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$TJX 2Q16 Call: In US, Marmaxx comps grew by strong 4% & increase was driven entirely by customer traffic. Segment profit margin was down 40 BP. Margins were negatively impacted by investments in associates & lower average ticket costs. Increase in merchandise margins. By 2017, expects the impact of lower average ticket to be largely behind TJX.
I haven’t seen a drop in banks like this in a long time. Looks like $WFC is still facing pressures from its sales practices scandal..!!
Helping President-elect's America first focus, $WMT set to create 10,000 retail jobs in the US in 2017.
Looks like Trump has his eyes on the $MON and Bayer merger next. He had a meeting with the CEOs and apparently got job promises from them.