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Article Date: May 2019
Word Count: 148

Sierra Opens Four Stores in Q1

As parent TJX continues to build Sierra into more of a brick-and-mortar retailer, it raised the store count in Q1 to 39 from 35 and increased the square footage to 900,000 from 800,000. The Marmaxx division, whose results include Sierra, had a 6% increase in operating income to $795,993,000 from $750,456,000 as sales rose 8% to $5,801,760,000 from $5,380,918,000. Overall net income dipped 2% to $700,178,000 on a 7% improvement in sales to $9,277,585,000.


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