China to scrap foreign investment quotas to attract more money into its stock, bond markets

Investors watch the electronic board at a stock exchange hall on February 11, 2019 in Chengdu, Sichuan Province of China. China’s foreign exchange regulator said on Tuesday that it had decided to scrap quota restrictions on two major inbound investment schemes, as a weakening yuan and rising outflows prompt Beijing to seek to attract more foreign capital. It said the move would “make it much more convenient for overseas investors to participate in China’s domestic financial markets, making China


Investors watch the electronic board at a stock exchange hall on February 11, 2019 in Chengdu, Sichuan Province of China. China’s foreign exchange regulator said on Tuesday that it had decided to scrap quota restrictions on two major inbound investment schemes, as a weakening yuan and rising outflows prompt Beijing to seek to attract more foreign capital. It said the move would “make it much more convenient for overseas investors to participate in China’s domestic financial markets, making China
China to scrap foreign investment quotas to attract more money into its stock, bond markets Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-11
Keywords: news, cnbc, companies, quotas, yuan, capital, bond, investment, money, stock, attract, markets, qfii, china, investors, overseas, outflows, scrap, foreign, exchange, chinas


China to scrap foreign investment quotas to attract more money into its stock, bond markets

Investors watch the electronic board at a stock exchange hall on February 11, 2019 in Chengdu, Sichuan Province of China.

China’s foreign exchange regulator said on Tuesday that it had decided to scrap quota restrictions on two major inbound investment schemes, as a weakening yuan and rising outflows prompt Beijing to seek to attract more foreign capital.

While underlining China’s thirst for overseas funding as its economy slows amid a debilitating trade war with the United States, the move also appears largely symbolic, as two-thirds of the existing quotas remain unused.

China’s State Administration of Foreign Exchange (SAFE) would remove quotas on the dollar-dominated qualified foreign institutional investor (QFII) scheme and its yuan-denominated sibling, RQFII, it said in a statement on its website.

It said the move would “make it much more convenient for overseas investors to participate in China’s domestic financial markets, making China’s bond and stock markets more broadly accepted by international markets.”

The removal of quotas comes amid an escalating Sino-U.S. trade war that threatens growth in the world’s second-biggest economy.

Beijing hopes that foreign capital inflows could help to offset rising outflows and lend support to its yuan, which has dropped to its lowest levels against the U.S. dollar since the onset of the global financial crisis in 2008.

Inflows could also help bolster China’s balance of payments, as some analysts fear the country is slipping dangerously towards twin deficits in its fiscal and current accounts.

The removal “is a clear signal that policymakers want to encourage capital inflows,” wrote Win Thin, Global Head of Currency Strategy at Brown Brothers Harriman.

“The corollary is that they are still very worried about capital outflows and so will make sure to avoid any steps that might increase them,” he said.

China in January doubled the QFII quota to $300 billion, but only $111.4 billion of the limit had been used by foreign investors by the end of August.

China’s securities regulator also published draft rules earlier this year that would combine the QFII and RQFII programmes while also simplifying access for overseas investors.


Company: cnbc, Activity: cnbc, Date: 2019-09-11
Keywords: news, cnbc, companies, quotas, yuan, capital, bond, investment, money, stock, attract, markets, qfii, china, investors, overseas, outflows, scrap, foreign, exchange, chinas


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These 5 cities attract a quarter of all travel spending in Asia Pacific

Bangkok, Singapore, Kuala Lumpur, Tokyo and Seoul have emerged as Asia Pacific’s most popular travel destinations, according to a new study. Those five travel hotspots attracted over one-fifth (22%) of all overnight visitors to the region last year, Mastercard’s annual Asia Pacific Destinations Index found Wednesday. They also received the region’s greatest travel spending, bringing in over a quarter (25.2%) of all travel expenditure among the 161 cities studied. The region’s top four travel des


Bangkok, Singapore, Kuala Lumpur, Tokyo and Seoul have emerged as Asia Pacific’s most popular travel destinations, according to a new study. Those five travel hotspots attracted over one-fifth (22%) of all overnight visitors to the region last year, Mastercard’s annual Asia Pacific Destinations Index found Wednesday. They also received the region’s greatest travel spending, bringing in over a quarter (25.2%) of all travel expenditure among the 161 cities studied. The region’s top four travel des
These 5 cities attract a quarter of all travel spending in Asia Pacific Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-04  Authors: karen gilchrist
Keywords: news, cnbc, companies, remained, regions, previous, spending, asia, pacific, million, travel, tokyo, seoul, singapore, destinations, retained, cities, quarter, attract


These 5 cities attract a quarter of all travel spending in Asia Pacific

Bangkok, Singapore, Kuala Lumpur, Tokyo and Seoul have emerged as Asia Pacific’s most popular travel destinations, according to a new study.

Those five travel hotspots attracted over one-fifth (22%) of all overnight visitors to the region last year, Mastercard’s annual Asia Pacific Destinations Index found Wednesday. They also received the region’s greatest travel spending, bringing in over a quarter (25.2%) of all travel expenditure among the 161 cities studied.

The region’s top four travel destinations in 2018 remained unchanged from the previous year. For the ninth year running, Bangkok (1) and Singapore (2) retained their strongholds, welcoming 22.8 million and 14.7 million overnight international arrivals respectively.

Kuala Lumpur (3), the region’s front-runner in 2009, edged in on Singapore with 13.8 million travelers, but retained third place. Meanwhile Tokyo remained the fourth most popular city, attracting 12.9 million guests.

South Korea’s capital Seoul was the only new entrant to the top five destinations in 2018, having been overtaken by the Thai island of Phuket the previous year.


Company: cnbc, Activity: cnbc, Date: 2019-09-04  Authors: karen gilchrist
Keywords: news, cnbc, companies, remained, regions, previous, spending, asia, pacific, million, travel, tokyo, seoul, singapore, destinations, retained, cities, quarter, attract


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Japan’s 10 best start-ups to work for, according to LinkedIn

Artificial intelligence, automation and machine learning are just a few of the new technologies Japan’s top start-ups are embracing to attract employees and stay ahead of the curve. AI software business ExaWizards is leading that charge, according to a new report from LinkedIn, which names it as Japan’s top start-up to work for in 2019. The three-year-old company is followed in the ranks by other homegrown successes including cryptocurrency trading platform bitFlyer and news aggregation platform


Artificial intelligence, automation and machine learning are just a few of the new technologies Japan’s top start-ups are embracing to attract employees and stay ahead of the curve. AI software business ExaWizards is leading that charge, according to a new report from LinkedIn, which names it as Japan’s top start-up to work for in 2019. The three-year-old company is followed in the ranks by other homegrown successes including cryptocurrency trading platform bitFlyer and news aggregation platform
Japan’s 10 best start-ups to work for, according to LinkedIn Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-03  Authors: karen gilchrist
Keywords: news, cnbc, companies, best, linkedin, younger, according, list, work, leading, japans, platform, employees, startups, attract


Japan's 10 best start-ups to work for, according to LinkedIn

Artificial intelligence, automation and machine learning are just a few of the new technologies Japan’s top start-ups are embracing to attract employees and stay ahead of the curve.

AI software business ExaWizards is leading that charge, according to a new report from LinkedIn, which names it as Japan’s top start-up to work for in 2019.

The three-year-old company is followed in the ranks by other homegrown successes including cryptocurrency trading platform bitFlyer and news aggregation platform SmartNews.

To be considered for this year’s list, companies had to be privately-held, be seven years or younger, and have 50 or more employees. They were ranked based on LinkedIn user feedback across four pillars: Employment growth; engagement with employees; job interest; and ability to attract top talent from leading employers.

CNBC Make It takes a look at the list of 10 most attractive start-ups in Japan right now.


Company: cnbc, Activity: cnbc, Date: 2019-09-03  Authors: karen gilchrist
Keywords: news, cnbc, companies, best, linkedin, younger, according, list, work, leading, japans, platform, employees, startups, attract


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Opposites attract: Even Steve Bannon and Tom Friedman agree Trump is right to attack on China trade

Ex-Trump advisor Steve Bannon and New York Times columnist Tom Friedman, who might seem like ideological opposites, agree on at least one issue: China trade. Bannon, whom diehard Democrats view as the antichrist, and Friedman, who works at what President Donald Trump calls “the failing New York Times,” both feel the president is right to go after Beijing. The country is so polarized politically that the mere mention of Bannon and Friedman being on the same page on anything becomes a watershed ev


Ex-Trump advisor Steve Bannon and New York Times columnist Tom Friedman, who might seem like ideological opposites, agree on at least one issue: China trade. Bannon, whom diehard Democrats view as the antichrist, and Friedman, who works at what President Donald Trump calls “the failing New York Times,” both feel the president is right to go after Beijing. The country is so polarized politically that the mere mention of Bannon and Friedman being on the same page on anything becomes a watershed ev
Opposites attract: Even Steve Bannon and Tom Friedman agree Trump is right to attack on China trade Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-15  Authors: matthew j belvedere
Keywords: news, cnbc, companies, china, times, president, economic, friedman, attract, right, trump, trade, opposites, bannon, york, tom, steve


Opposites attract: Even Steve Bannon and Tom Friedman agree Trump is right to attack on China trade

Ex-Trump advisor Steve Bannon and New York Times columnist Tom Friedman, who might seem like ideological opposites, agree on at least one issue: China trade.

Bannon, whom diehard Democrats view as the antichrist, and Friedman, who works at what President Donald Trump calls “the failing New York Times,” both feel the president is right to go after Beijing.

While it may seem surprising, the two have agreed on Trump’s China policy for some time.

Friedman, while critical of Trump on many issues, wrote about a year ago that the economic fight with China is “worth having,” adding the president’s “instinct is basically right” to hold the line “before China gets too big.” The country is so polarized politically that the mere mention of Bannon and Friedman being on the same page on anything becomes a watershed event.

“I really agree with so much of what Steve said,” said Friedman, who was guest-hosting CNBC’s “Squawk Box” during the Bannon interview Wednesday morning. “The stakes of this moment, I think, people don’t fully appreciate,” referring to the economic clash of the world’s two biggest superpowers.


Company: cnbc, Activity: cnbc, Date: 2019-05-15  Authors: matthew j belvedere
Keywords: news, cnbc, companies, china, times, president, economic, friedman, attract, right, trump, trade, opposites, bannon, york, tom, steve


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This cafe-owner designed her restaurant to attract Instagram users — and it’s working

For Suteja, Instagram — the Faceboook-owned social media app — is really about the bottom line. Suteja designed Crate to attract social media users. “But how do you make it so that any photo you look at, you know it’s a Crate bacon and egg?” She attributes the majority of her business to customers discovering her restaurant on Instagram. “You see something on Instagram, you’re going to send it someone or tag a friend.


For Suteja, Instagram — the Faceboook-owned social media app — is really about the bottom line. Suteja designed Crate to attract social media users. “But how do you make it so that any photo you look at, you know it’s a Crate bacon and egg?” She attributes the majority of her business to customers discovering her restaurant on Instagram. “You see something on Instagram, you’re going to send it someone or tag a friend.
This cafe-owner designed her restaurant to attract Instagram users — and it’s working Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-01  Authors: uptin saiidi, benaz shaikhani for crate
Keywords: news, cnbc, companies, cafeowner, attract, restaurant, crate, youre, word, wordofmouth, suteja, social, instagram, users, working, media, designed, bacon


This cafe-owner designed her restaurant to attract Instagram users — and it's working

Cafe-owner Maree Suteja, who is in her 50’s, may well be spending as much time on Instagram as her two social-media obsessed children who are in their 20’s.

For Suteja, Instagram — the Faceboook-owned social media app — is really about the bottom line.

The former school teacher moved from Australia to Bali, Indonesia where she opened Crate Cafe — known as an “Instagrammers paradise” to tourists, expats and locals.

Suteja designed Crate to attract social media users. The bistro has a minimalist, warehouse-inspired ambiance with bright, natural sunlight streaming into the restaurant. There are displays of unique artwork all around and its dishes are presented in a picture-perfect form.

“Anyone can do a bacon and eggs,” she said. “But how do you make it so that any photo you look at, you know it’s a Crate bacon and egg?”

She attributes the majority of her business to customers discovering her restaurant on Instagram.

The restaurant’s Instagram account has amassed more than 47,000 followers and features a combination of food and people posing before they tuck into their meals.

“Instagram goes hand-in-hand with word-of-mouth,” she said. “You see something on Instagram, you’re going to send it someone or tag a friend. It’s that thing about tagging people and that gets the word out.”


Company: cnbc, Activity: cnbc, Date: 2019-04-01  Authors: uptin saiidi, benaz shaikhani for crate
Keywords: news, cnbc, companies, cafeowner, attract, restaurant, crate, youre, word, wordofmouth, suteja, social, instagram, users, working, media, designed, bacon


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9 companies offering hiring bonuses of up to $10,000 to attract new hires

In today’s tight labor market where there are more job openings than available workers, employers are doing all they can to lure and retain top talent. This includes offering amazing perks and benefits, on-the-job training options and even hiring bonuses as an effort to find qualified employees. Jobs site Glassdoor created a list of the companies that are now offering up to $10,000 hiring bonuses as a bargaining tool for talent. Some companies, like General Dynamics Information Technology, are e


In today’s tight labor market where there are more job openings than available workers, employers are doing all they can to lure and retain top talent. This includes offering amazing perks and benefits, on-the-job training options and even hiring bonuses as an effort to find qualified employees. Jobs site Glassdoor created a list of the companies that are now offering up to $10,000 hiring bonuses as a bargaining tool for talent. Some companies, like General Dynamics Information Technology, are e
9 companies offering hiring bonuses of up to $10,000 to attract new hires Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-10  Authors: courtney connley, jeff greenberg, universal images group, getty images, lacy otoole
Keywords: news, cnbc, companies, site, talent, workers, staff, companies, attract, hires, 10000, market, offering, hiring, employers, bonuses


9 companies offering hiring bonuses of up to $10,000 to attract new hires

In today’s tight labor market where there are more job openings than available workers, employers are doing all they can to lure and retain top talent. This includes offering amazing perks and benefits, on-the-job training options and even hiring bonuses as an effort to find qualified employees.

Jobs site Glassdoor created a list of the companies that are now offering up to $10,000 hiring bonuses as a bargaining tool for talent. Some companies, like General Dynamics Information Technology, are even offering an $8,000 bonus for current staff members who refer a new hire.

“It’s a market where people looking for jobs have the ability to get multiple offers and have employers compete for them,” Marc Cenedella, CEO of the career site Ladders, told CNBC Make It.

Below, check out nine companies that are using promising signing bonuses as a way to grow their staff.


Company: cnbc, Activity: cnbc, Date: 2019-02-10  Authors: courtney connley, jeff greenberg, universal images group, getty images, lacy otoole
Keywords: news, cnbc, companies, site, talent, workers, staff, companies, attract, hires, 10000, market, offering, hiring, employers, bonuses


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US China trade war: Southeast Asia could attract manufacturing

The trade war between the Washington and Beijing is pushing many global companies to rethink the manufacturing and fabrication work they now do in China — and a bloc of Southeast Asian countries stands to benefit tremendously, according to a senior partner at consulting firm Bain & Co. “Certain intermediate exports that go into China, and then onto the U.S., are going to be impacted in industries such as textiles and electronics,” he said. “However, in the long term, we feel pretty confident tha


The trade war between the Washington and Beijing is pushing many global companies to rethink the manufacturing and fabrication work they now do in China — and a bloc of Southeast Asian countries stands to benefit tremendously, according to a senior partner at consulting firm Bain & Co. “Certain intermediate exports that go into China, and then onto the U.S., are going to be impacted in industries such as textiles and electronics,” he said. “However, in the long term, we feel pretty confident tha
US China trade war: Southeast Asia could attract manufacturing Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-23  Authors: saheli roy choudhury, maike elan, bloomberg, getty images, -satish shankar, bain
Keywords: news, cnbc, companies, base, southeast, companies, china, partner, asia, term, supply, manufacturing, asian, attract, war, countries, region, trade


US China trade war: Southeast Asia could attract manufacturing

The trade war between the Washington and Beijing is pushing many global companies to rethink the manufacturing and fabrication work they now do in China — and a bloc of Southeast Asian countries stands to benefit tremendously, according to a senior partner at consulting firm Bain & Co.

In the short term, there will be an adverse effect on the region as an exporting base for the world, and for the U.S. in particular, Satish Shankar, managing partner for Southeast Asia, told CNBC’s “Squawk Box” on Friday.

“Certain intermediate exports that go into China, and then onto the U.S., are going to be impacted in industries such as textiles and electronics,” he said. “However, in the long term, we feel pretty confident that ASEAN is a very attractive alternative supply chain base for companies looking to diversify away from China.”

The Association of Southeast Asian Nations (ASEAN) is made up of 10 countries in the region including Singapore, Thailand and Vietnam.

Bain predicted that as companies consider moving supply chains into Southeast Asia, small and medium enterprises in the region will adopt more technologies into their daily operations that could potentially create a $1 trillion opportunity.


Company: cnbc, Activity: cnbc, Date: 2018-11-23  Authors: saheli roy choudhury, maike elan, bloomberg, getty images, -satish shankar, bain
Keywords: news, cnbc, companies, base, southeast, companies, china, partner, asia, term, supply, manufacturing, asian, attract, war, countries, region, trade


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Harley-Davidson’s electric motorcycle signals a big change for the legendary, but troubled, company

But the company has signaled it is time for a a change as the market for bikes continues to age, literally. Almost half of all motorcycle riders are 50 or older. Most recently, the motorcycle maker released third quarter earnings that beat expectations, but showed the company actually lost market share. “The expanded lineup may have greater appeal for women customers than the company’s traditional motorcycles,” Coleman said. “We also believe that this wider range of models will help to attract c


But the company has signaled it is time for a a change as the market for bikes continues to age, literally. Almost half of all motorcycle riders are 50 or older. Most recently, the motorcycle maker released third quarter earnings that beat expectations, but showed the company actually lost market share. “The expanded lineup may have greater appeal for women customers than the company’s traditional motorcycles,” Coleman said. “We also believe that this wider range of models will help to attract c
Harley-Davidson’s electric motorcycle signals a big change for the legendary, but troubled, company Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-09  Authors: robert ferris, source, harley davidson
Keywords: news, cnbc, companies, signals, big, legendary, troubled, motorcycles, market, company, tough, customers, motorcycle, electric, change, coleman, attract, riders, harleydavidsons, research


Harley-Davidson's electric motorcycle signals a big change for the legendary, but troubled, company

But the company has signaled it is time for a a change as the market for bikes continues to age, literally. Almost half of all motorcycle riders are 50 or older.

Harley-Davidson has especially struggled. Most recently, the motorcycle maker released third quarter earnings that beat expectations, but showed the company actually lost market share.

“Harley is in a tough spot here, where their core constituency is getting older and they are having a tough time attracting new people to the sport,” said Raymond James analyst Joe Altobello. Many view motorcycles as dangerous and difficult to operate, for example.

In recent years, the company has made an all out effort to attract more riders overall, including younger ones. The company unveiled a 10-year plan in 2017 to attract 2 million new riders by 2027. In addition to investing in electric bikes, the company has set up schools around the country to teach neophytes how to ride.

Electric motorcycles are expected to be a significant part of this strategy, but the company has also indicated it may expand into scooters and even bicycles, Argus Research analyst David Coleman said in an Oct. 26 research note.

“The expanded lineup may have greater appeal for women customers than the company’s traditional motorcycles,” Coleman said. “We also believe that this wider range of models will help to attract customers who might otherwise prefer to purchase a ‘fully custom’ motorcycle.”


Company: cnbc, Activity: cnbc, Date: 2018-11-09  Authors: robert ferris, source, harley davidson
Keywords: news, cnbc, companies, signals, big, legendary, troubled, motorcycles, market, company, tough, customers, motorcycle, electric, change, coleman, attract, riders, harleydavidsons, research


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7 employers offering bonuses to attract new hires

There are a few things that are almost guaranteed to reel in a good candidate — and maybe even convince them to relocate. A high salary is one of them, according to a survey conducted by job search site Glassdoor. That’s why, in today’s tight labor market, employers are offering up perks, benefits and even bonuses to attract and retain top talent. Recently, Glassdoor compiled a list of seven companies offering everything from gift cards and tuition reimbursements to $30,000 hiring bonuses to fil


There are a few things that are almost guaranteed to reel in a good candidate — and maybe even convince them to relocate. A high salary is one of them, according to a survey conducted by job search site Glassdoor. That’s why, in today’s tight labor market, employers are offering up perks, benefits and even bonuses to attract and retain top talent. Recently, Glassdoor compiled a list of seven companies offering everything from gift cards and tuition reimbursements to $30,000 hiring bonuses to fil
7 employers offering bonuses to attract new hires Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-08-22  Authors: courtney connley, getty images, robert gauthier, los angeles times
Keywords: news, cnbc, companies, todays, things, employers, tuition, attract, salary, youre, trucking, tight, bonuses, offering, hires, companies


7 employers offering bonuses to attract new hires

There are a few things that are almost guaranteed to reel in a good candidate — and maybe even convince them to relocate. A high salary is one of them, according to a survey conducted by job search site Glassdoor.

That’s why, in today’s tight labor market, employers are offering up perks, benefits and even bonuses to attract and retain top talent. Recently, Glassdoor compiled a list of seven companies offering everything from gift cards and tuition reimbursements to $30,000 hiring bonuses to fill in-demand jobs in nursing, trucking and teaching.

Take a look below to see what companies you should apply to if you’re looking to collect a bonus on top of your salary:


Company: cnbc, Activity: cnbc, Date: 2018-08-22  Authors: courtney connley, getty images, robert gauthier, los angeles times
Keywords: news, cnbc, companies, todays, things, employers, tuition, attract, salary, youre, trucking, tight, bonuses, offering, hires, companies


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TJX beats estimates as big discounts attract young shoppers

Off-price retailer TJX blew past quarterly comparable-store sales estimates on Tuesday as big discounts attracted more younger shoppers and generated its 16th consecutive quarter of growth in customer traffic. This is great for our business today and for the future,” TJX Chief Executive Officer Ernie Herrman said in a statement. Comparable store sales in the company’s Marmaxx unit, which includes T.J. Maxx and Marshalls stores, rose 7 percent, comfortably beating estimates. The Framingham, Massa


Off-price retailer TJX blew past quarterly comparable-store sales estimates on Tuesday as big discounts attracted more younger shoppers and generated its 16th consecutive quarter of growth in customer traffic. This is great for our business today and for the future,” TJX Chief Executive Officer Ernie Herrman said in a statement. Comparable store sales in the company’s Marmaxx unit, which includes T.J. Maxx and Marshalls stores, rose 7 percent, comfortably beating estimates. The Framingham, Massa
TJX beats estimates as big discounts attract young shoppers Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-08-21  Authors: victor j blue, bloomberg, getty images
Keywords: news, cnbc, companies, estimates, big, discounts, beats, sales, young, second, younger, growth, net, share, quarter, shoppers, rose, attract, tjx, company


TJX beats estimates as big discounts attract young shoppers

Off-price retailer TJX blew past quarterly comparable-store sales estimates on Tuesday as big discounts attracted more younger shoppers and generated its 16th consecutive quarter of growth in customer traffic.

Unlike Macy’s and J.C. Penney, which have closed stores and shifted their focus online, TJX has thrived through a period of uncertainty for major U.S. retailers driven by the growth of Amazon.com and other web-based players.

The company’s treasure-hunt style marketing technique, based on unpublicized but deep discounts on apparel and accessories, proved to be a hit with younger customers, driving a 34 percent jump in profit and lifting its shares by 6 percent.

“We have been attracting new customers to all our divisions, a significant share of whom are younger customers. This is great for our business today and for the future,” TJX Chief Executive Officer Ernie Herrman said in a statement.

Same-store sales rose 6 percent in the second quarter, easily beating the 2.2 percent increase analysts had expected, according to Thomson Reuters.The company also raised its same store sales growth forecast to 3 percent to 4 percent, above the average estimate of a 2.4 increase.

“(It is) one of the best business models in retail,” Jefferies analyst Janine Stichter said in a client note on Monday.

The company’s net income rose to $739.6 million, or $1.17 per share, in the second quarter ended Aug. 4, from $553 million, or 85 cents per share, a year earlier.

The retailer also raised its full-year adjusted profit forecast to $4.10 to $4.14 per share from a prior outlook of $4.04 to $4.10 per share.

Comparable store sales in the company’s Marmaxx unit, which includes T.J. Maxx and Marshalls stores, rose 7 percent, comfortably beating estimates.

The Framingham, Massachusetts-based company said net sales during the second quarter rose 11.6 percent to $9.33 billion.

Analysts expected the company to report quarterly earnings of $1.05 per share on revenue of $9.00 billion.-based company said net sales rose to $9.33 billion from $8.36 billion.


Company: cnbc, Activity: cnbc, Date: 2018-08-21  Authors: victor j blue, bloomberg, getty images
Keywords: news, cnbc, companies, estimates, big, discounts, beats, sales, young, second, younger, growth, net, share, quarter, shoppers, rose, attract, tjx, company


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