TJX UK - subsidiary of TJX Europe Ltd and part of the TJX Europe Group of companies - has published its full year results.

TK-Maxx.jpg

TJX UK - subsidiary of TJX Europe Ltd and part of the TJX Europe Group of companies - has published its full year results, demonstrating an increase in both turnover and profit.

The discount retailer behind brands TK Maxx and HomeSense reported an 11% rise in turnover at £2,434.0m, from £2,195.4m in 2015, with profit up to £119.2m from £106.1m in 2015 when it filed its full year accounts with Companies House.

The company has primarily attributed this to its operational low cost structure, which includes a reduction in spend on items such as product advertising and store fixtures.