Strategy

Framingham, Mass. – The TJX Companies Inc. met Wall Street expectations with net income of $594.96 million in the third quarter of fiscal 2014, down 4% from $622.65 million in the same quarter the prior year. Net sales rose 5% to $7.37 billion from $6.98 billion, short of Wall Street expectations.

Former Guess? and Victoria’s Secret executive Amber Fredman-Tarshis has joined Pacific Sunwear of California to help the teen retailer brand reconnect with customers.

New Delhi, India – The India unit of Wal-Mart Stores Inc. has reportedly fired a mid-level manager as part of a probe into alleged bribery violations. According to the Economic Times, Wal-Mart gave the manager a termination notice last week, two years after the company suspended its former India CEO and legal team due to possible violations of U.S. anti-bribery laws.

The fourth quarter is off to a very strong start at TJX Companies, according to CEO Carol Meyrowitz, who expects an exciting mix of initiatives to yield a low single digit fourth quarter comp increase and profit growth.

Weston, Fla. –- Logistics and transportation provide DHL is changing the brand name of DHL Global Mail to DHL eCommerce as the company focuses to provide customers with new e-commerce solutions.  

CVS Health has confirmed a report that it is planning to open a CVS Health Digital Innovation Lab this winter in Boston that will focus on “building customer-centric experiences in health care.”

Philadelphia –- Urban Outfitters missed Wall Street expectations for the third quarter of fiscal 2015 with a larger-than-predicted 33% decline in net income to $47.14 million from $70.26 million in the same period a year earlier. In addition, same-store sales fell 1% compared to expectations of flat results.  

Los Angeles -- Guitar Center has named retailing veteran Darrell Webb as president and CEO, effective Nov. 17, 2014.    Webb previously served as chairman and CEO of Sports Authority from 2011 to 2013.