US outlet retailer TJX Co. appointed John Klinger as new C.F.O. His mission is to boost the high margin business, that already takes advantage of overstock issues.
The is nothing like a new C.F.O. to boost market confidence. The TJX Companies (US$48.6 billion in the year to end-January 2022, up 16% on 2019), which operates T.J. Maxx, Marshalls and HomeGoods, has appointed veteran John Klinger to head up the finance department. From January 29th, 2023 as the start of the fiscal year, he will succeed Scott Goldenberg, who served since 2012. He will be responsible for steering the finances of the stock clearance group. Last year, the net margin of the...
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