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Lowe's to offer exclusive line of Jacuzzi water heaters
CHINO HILLS, Calif. — Select Lowe's stores and Lowes.com will now offer an exclusive collection of energy-efficient tankless water heaters from Jacuzzi Group Worldwide.
Powered by natural gas or propane, Jacuzzi brand tankless units heat water as it is needed. In addition, tankless water heaters use up to 30% less energy than a traditional tank-style water heater, saving a typical family hundreds of dollars per year, according to the company.
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TJX Q4 earnings jump 42%
Framingham, Mass. -- TJX Cos. reported that its fiscal fourth-quarter profit rose 42% to $475.3 million, from $334.4 million a year earlier. The owner of Marshalls, HomeGoods and T.J. Maxx also announced plans to repurchase up to $1.3 billion of stock this fiscal year.
For the quarter, sales rose 6% to $6.7 billion. Same-store sales increased 7%.
"We enter a new fiscal year with considerable momentum in our business and are off to a very strong start in 2012," said CEO Carol Meyrowitz.