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TJX Q4 profit surges 11%; announces employee wage hike
Framingham, Mass. -- The TJX Cos. on Wednesday reported an 11% rise in fourth quarter profit and said it would raise employee pay above the minimum wage. It also announced plans to expand into two more global markets.
On a more downbeat note, the off-price giant said it expected a strong dollar to reduce its profit by 5% and the new wage hikes to lower earnings by 4% the year ending Jan. 30, 2016.
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Tractor Supply Company ups domestic store target to 2,500 units
Brentwood, Tenn. - Tractor Supply Company has increased its domestic store growth target to 2,500 stores from 2,100 stores and its long-term operating margin target to 11.5% from 10.5%. The company is basing this enhanced guidance on the positive effects of key sales and gross margin initiatives, along with ongoing system enhancements such as demand planning, inventory allocation, and price optimization

