TJ Maxx Slashing Prices Even More Than Usual

Business Insider/Mary Hanbury TJ Maxx parent company TJX Companies said in its earnings call on Thursday that it has had to discount more than it usually would at this time of year.

The additional markdowns helped the retailer to clear out inventory it had not been able to sell while stores have been closed amid the coronavirus pandemic.

"As a company we're aggressive at clearing goods," president and CEO Ernie Herrman said during the call.

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