The TJX Companies, Inc. Elects Jackwyn Nemerov to Board of Directors
FRAMINGHAM, Mass.--(BUSINESS WIRE)--Nov. 29, 2016--
The TJX Companies, Inc. (NYSE:TJX), the leading off-price retailer of
apparel and home fashions in the U.S. and worldwide, announced today
that Jackwyn Nemerov has been elected to its Board of Directors.
Ms. Nemerov, 65, is the former President and Chief Operating Officer of
Ralph Lauren Corporation, a position she held from November 2013 to
November 2015, and previously served as its Executive Vice President.
During her 12-year tenure with Ralph Lauren, from 2004 through her
retirement in 2015, Ms. Nemerov led the Wholesale, Retail, Worldwide
Licensing, and International businesses along with the full scope of
company operations across Design, Merchandising, Marketing, Sourcing,
Manufacturing, Supply Chain, and E-commerce. She also served on the
Ralph Lauren Board of Directors from 2007 to 2015. Ms. Nemerov’s
longstanding relationship with Ralph Lauren began during her 17-year
executive career at Jones Apparel Group. At that company, she served as
the President and Chief Operating Officer from 1998 to 2002, and earlier
as a divisional President leading the Jones New York, Jones New York
Sport, licensed Lauren by Ralph Lauren, and Gloria Vanderbilt for
Murjani Group businesses. Prior to joining Jones Apparel Group, Ms.
Nemerov held multiple roles within the retail industry.
Carol Meyrowitz, Executive Chairman of the Board of The TJX Companies,
Inc., stated, “We could not be more pleased to welcome Jacki to our
Board of Directors. With her deep retail experience, spanning 40 years,
she has led premium, growing brands and operated profitable businesses
in a highly competitive marketplace. We see Jacki’s expertise in brand
building, marketing, supply chain, and e-commerce as an excellent
complement to our Board. We very much look forward to working with her
as we continue to grow TJX to become a $40 billion company and beyond.”
About The TJX Companies, Inc.
The TJX Companies, Inc. is the leading off-price retailer of apparel and
home fashions in the U.S. and worldwide. As of October 29, 2016, the end
of the Company’s third quarter, the Company operated a total of 3,785
stores in nine countries, the United States, Canada, the United Kingdom,
Ireland, Germany, Poland, Austria, the Netherlands, and Australia, and
three e-commerce sites. These include 1,179 T.J. Maxx, 1,027 Marshalls,
568 HomeGoods, and 11 Sierra Trading Post stores, as well as tjmaxx.com
in the United States; 255 Winners, 106 HomeSense, and 57 Marshalls
stores in Canada; 503 T.K. Maxx and 44 HomeSense stores, as well as tkmaxx.com,
in Europe; and 35 Trade Secret stores in Australia. TJX’s press releases
and financial information are also available at tjx.com.
Important Information at Website
The Company routinely posts information that may be important to
investors in the Investor Information section at www.tjx.com.
The Company encourages investors to consult that section of its website
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT
OF 1995: Various statements made in this release are forward-looking and
involve a number of risks and uncertainties. All statements that address
activities, events or developments that we intend, expect or believe may
occur in the future are forward-looking statements. The following are
some of the factors that could cause actual results to differ materially
from the forward-looking statements: execution of buying strategy and
inventory management; operational and business expansion and management
of large size and scale; customer trends and preferences; various
marketing efforts; competition; personnel recruitment, training and
retention; labor costs and workforce challenges; data security;
information systems and new technology; economic conditions and consumer
spending; adverse or unseasonable weather; serious disruptions or
catastrophic events; disruptions in the second half of the fiscal year;
corporate and retail banner reputation; quality, safety and other issues
with merchandise; expanding international operations; merchandise
importing; commodity availability and pricing; fluctuations in currency
exchange rates; fluctuations in quarterly operating results and market
expectations; mergers, acquisitions, or business investments and
divestitures, closings or business consolidations; compliance with laws,
regulations and orders and changes in laws, regulations and applicable
accounting standards; outcomes of litigation, legal proceedings and
other legal or regulatory matters; tax matters; real estate activities;
cash flow and other factors that may be described in our filings with
the Securities and Exchange Commission. We do not undertake to publicly
update or revise our forward-looking statements even if experience or
future changes make it clear that any projected results expressed or
implied in such statements will not be realized.
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Source: The TJX Companies, Inc.
The TJX Companies, Inc.