TJX Companies, Inc.

Brad Maiorino, Target senior VP and chief information security officer, is the newest member of the Retail Cyber Intelligence Sharing Center (R-CISC) board of directors.

R-CISC is an organization of more than 50 members representing retail and other consumer-facing companies which provides a network to communicate about cyberthreats and vulnerabilities, and to share best practices in data protection and breach mitigation.

TJX shows no signs of losing its popular appeal with shoppers as the company reported stronger than expected traffic and same-store sales in the third quarter.

For the third quarter ended Oct. 31, same store sales at TJX Companies rose 5.3%. The company said net income fell to $587.3 million, from $595 million a year earlier. On a per share basis, net income rose to 86 cents per share from 85 cents, as the company had fewer shares outstanding. Revenue rose to $7.75 billion from $7.37 billion.

The TJX Companies is expanding into another country with its acquisition of Trade Secret’s 35 stores.

TJX announced it has completed its acquisition of Trade Secret, an off-price retailer that operates 35 stores in Australia, from Gazal Corporation Limited for $59 million. The acquisition of Trade Secret provides TJX an opportunistic entry into Australia, where TJX currently operates one of its 13 buying offices.

Consumers may be shying away from department stores but they are still flocking to off-price retailers such as TJX, which posted impressive sales and revenue growth in the second quarter.

The TJX Cos. Inc. announced Wednesday that Chairman Bernard Cammarata will retire following the company’s annual shareholder meeting scheduled for June 11.

Framingham, Mass. – Bernard Cammarata, 75, founder and chairman of The TJX Companies Inc., will retire June 11, 2015 after nearly 40 years with the company. Carol Meyrowitz, 61, who has served as CEO of TJX since January 2007, been a board director since 2006 and joined the company in 1983, will succeed him as chairman.

The ripple effects of Walmart’s wage action have extended to Plano, Tex., where home décor retailer At Home has upped the minimum wage ante with a more generous pay plan for hourly workers.

At Home, the company formerly known as Garden Ridge, operates 83 stores in 22 states. Beginning in May, the company said it would pay full-time hourly employees a minimum of $10 an hour and the minimum hourly rate for part-timers will increase to $9 an hour.

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.

It’s no wonder Macy’s is looking to allocate part of its $1 billion capital expenditure budget into opening off-price stores when you look at the financial results TJX Co. reported for the fourth quarter.

The company reported an 11% increase in profit for the quarter ended Jan. 31. Net sales for the fourth quarter were $8.3 billion, a 6% increase over last year. Same store sales increased 4% over last year’s 3% increase. Net income was $648 million and diluted earnings per share were $.93, a 15% increase over last year’s $.81 per share.