TK Maxx records UK profits drop


TK Maxx UK sales rose to £2.68 billion for the year to January 28th, with like-for-like store sales growing at 0.6 per cent. 19 new TK Maxx stores plus a further 5 Homesense stores had been opened during the period along with a new distribution support centre in Wakefield.  The business cited increased salaries and wages for its profit falling to £119.2 million, 19.6 per cent lower than achieved in the previous year. 

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