The gross domestic product, which is the broadest measure of economic health, fell at an annual rate of 5 percent in the first three months of 2020.
TJ Maxx stores could be “mostly reopened” by the end of June based on current government guidance regarding the COVID-19 pandemic, according to the company. “The company expects to continue reopening stores around the world in a phased approach as more states and countries reopen for retail,” TJX Companies, which also owns Marshalls and HomeGoods, said in a press release.
TJ Maxx is among the many retailers nationwide that had shut its doors in March due to the COVID-19 pandemic, an action that negatively impacted the business’ bottom line for the first quarter.