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Metro
23-05-2025
- Entertainment
- Metro
Chicken wine, pizza and indoor rollerskating: The rise of the adult sleepover
Don't grow up, it's a trap. The cheesy slogan usually found on canvases in the heavily discounted section of Homesense alongside the Live Laugh Love mirrors may be clichéd, but they could have a point. Maybe it's why we're seeing a rise in adults over the last decade reclaiming their youth, from putting themselves through ridiculously physical obstacle courses, to attaching Labubus dolls to their work bags, and furiously collecting items they would have once thrown in the bin so they can glue them into a junk journal. And now there's another childhood obsession grabbing attention all over social media – the good old-fashioned sleepover. Once the highlight of many school social calendars, laughs, tears and secrets were shared over scary movies, face masks, and a few prank calls (if you could perfect an anonymous accent), creating some of our most cherished memories. And while we're not suggesting putting 141 in front of your number to call your boss as your friends giggle in the background, there still could be merit in those overnight stays. There's no denying that they are having a moment. The hashtag #sleepover has reached 1.2 million on TikTok, and celebs like the Kardashians and Ariana Grande are linking up to join in the hype with a Wicked-themed stayover. Meanwhile, influencers Saffron Barker and Imogen Cribb have just launched nightwear brand Girl Uniform with sleepovers in mind. Companies such as Sleepovers & Co and Tee Pee Vibe Tribe have also got in the act, organising luxury sleepovers specifically for grown-ups. Their packages can include prosecco pong, breakfast trays, and personalised cups, and they decorate spaces with balloon garlands, fairy lights and pillows, all in a rose gold hue, of course. The tourism industry is lapping it up too, with The Shankly hotel in Liverpool offering rooms of ten, while the Rooftop Film Club hosts PJ parties, with guests invited to wear pyjamas and watch romcoms such as Mamma Mia. 'Revisiting sleepovers as adults isn't regressive, it's restorative. It reconnects us with parts of ourselves we've learned to silence,' psychologist Dr. Lalitaa Suglani tells Metro. 'As we grow up, we're taught, often subtly, that joy should give way to productivity, responsibility, and self-sufficiency. Childlike play and softness are seen as indulgent or immature. Fun is often the first thing to go when life gets busy, but it's one of the most powerful tools for emotional well-being. 'The truth is, prioritising fun, especially with people we trust, helps regulate our nervous system, strengthen bonds, and create positive emotional memories, it meets the core emotional needs of connection, belonging, and presence. It reminds us that we are more than what we do, we are allowed to feel joy.' When I asked my girl group chats for their views on the pastime, the responses were enthusiastic. Many were already in on the trend, heading to a friend's house on a Friday straight from work and not leaving until Saturday afternoon. Those who hadn't thought about sleepovers for years were instantly yearning for one at the mere mention. I have been an enthusiastic supporter since first moving to London ten years ago. Their introduction was initially a means of practicality; instead of riding the night bus after an evening catch-up, it felt safer and less tiring to bring an overnight bag. But it isn't just the ease that has meant my bathroom drawer is filled with toothbrushes purposely left behind by my pals, as their stays are so frequent, it's the joy of the act. While it's still fun to put on our highest heels and knock back picantes in bustling bars, there's something about sitting in comfortable silence while watching How to Lose a Guy in 10 Days for the tenth time, or chatting about our future dreams over a pack of Revels. It is my opinion that, as romantic partners often get to enjoy these low-key moments daily, friends, who are just as important, deserve them too. 'There's a growing desire for deeper, more meaningful connections, especially after years of digital interaction and isolation. 'Social media has helped normalise adult sleepovers by showcasing them as not just acceptable, but emotionally rewarding,' adds Dr Suglani. 'Many are craving the kind of closeness, low-pressure, cosy and caring environment that sleepovers naturally create.' Midnight meetings aren't just for millennials and Gen Z. 57-year-old Gen X-er Sam Adams regularly has overnight stays with her close friends. She and her pals have done everything from singing into hairbrushes to burlesque dancing in the living room and roller-skating around a conservatory, but mainly they just catch up over prosecco and popcorn. Sam believes that a certain level of intimacy can only be achieved through having no time limit in a home setting. She says it's the intoxicating mixture of 'comfort and chaos' that keeps her continually coming back for more. 'There is a freedom to be your unfiltered self, no need to rush home, no pressure to perform, just showing up as you are with make-up off and comfies on,' she tells Metro. 'There's a kind of magic in staying up too late. No agenda, no masks, just a chance to talk rubbish, laugh until someone snorts, and then wake up in a pile of duvets. It's nourishing and somehow more real than anything else.' There's also the beauty of having no strangers listening in on conversations as they might do in a busy restaurant or bar. 'When the outside world is quiet, the deeper stuff comes up — fears, heartbreaks, wild dreams. It's vulnerable in the best way,' says Sam. It's not just your mental health that will benefit, either; sleepovers are kind to your bank balance too. With nine in 10 of us calling the cost of living the most important issue facing the UK**, a price tag that covers no more than a bottle of chicken wine and a Domino's takeaway cannot be overlooked. There is often a heavy 'friendship tax'; an hour or two together outside the home could end up costing big – the average night out is approximately £73. This could mean you've spent more than your monthly phone bill, and you've not even had time to get to the nitty gritty topics, such as who deserves to play Britney Spears in the rumoured biopic. The activity doesn't require too much pre-planning either, which can appeal to those fed up with WhatsApp location polls or chats of nights out that never happen. You simply pick a date and show up. This can be something that is especially appreciated if a friendship group are going through different life stages. Lindsey Frodsham, 32, tells Metro: 'My friends are starting to have kids now, and a sleepover means they don't need a babysitter. 'My mum mates have found the lifestyle change can be isolating, but this is something we can still do together, and they appreciate it.' One of the reasons sleepovers were so important when we were kids is that they came at a time when friendships were placed at the centre of our worlds, but in adulthood, this is often replaced by romantic love, careers and families. 'It's easy to drift from friends, but I've found it's so important to make time for them in the same way as family and partners because different relationships bring unique benefits to my life,' adds Lindsey. With the UK amid a loneliness epidemic – where a quarter of adults say they felt lonely often, always or some of the time – she has a point. More Trending 'Loneliness isn't just about being alone, it's about not feeling seen or known,' Dr Suglani says. 'Sleepovers offer quality time where masks can drop and a real connection can form. They remind us that we're allowed to take up space in someone else's life, and that we're not meant to go through life unsupported. 'Sleepovers can build emotional safety, which is the foundation of secure, lasting relationships. That kind of connection lowers stress, strengthens resilience, and helps us feel more anchored in our lives.' Sam agrees: 'We need people who see us in all our states — joyful, messy, lost, loud — and still choose to stay close. Especially as adults, when life gets busy and curated, we need real connection more than ever.' Dr. Lalitaa Suglani spoke to Metro on behalf of search trends experts Big Fat Link. Research by Allied Market Research, Office for National Statistics and Statista Do you have a story you'd like to share? Get in touch by emailing Share your views in the comments below.
Business Wire
21-05-2025
- Business
- Business Wire
The TJX Companies, Inc. Reports Q1 FY26 Results; Comp Sales Growth of 3%; Pretax Profit Margin of 10.3% and Diluted EPS of $.92 Both Above Plan; Maintains Full Year FY26 Guidance
FRAMINGHAM, Mass.--(BUSINESS WIRE)--The TJX Companies, Inc. (NYSE: TJX), the leading off-price apparel and home fashions retailer in the U.S. and worldwide, today announced sales and operating results for the first quarter ended May 3, 2025. Net sales for the first quarter of Fiscal 2026 were $13.1 billion, an increase of 5% versus the first quarter of Fiscal 2025. First quarter Fiscal 2026 consolidated comparable sales increased 3%. Net income for the first quarter of Fiscal 2026 was $1.0 billion and diluted earnings per share were $.92 versus $.93 in the first quarter of Fiscal 2025. CEO and President Comments Ernie Herrman, Chief Executive Officer and President of The TJX Companies, Inc., stated, 'I am very pleased with our first quarter performance. Overall comp sales increased 3%, at the high end of our plan, and both profitability and earnings per share were above our expectations. Our teams across the Company delivered consumers exciting values on great brands and fashions and a treasure-hunt shopping experience, every day. All divisions, both in the U.S. and internationally, drove increases in comp sales and customer transactions, which underscores the strength of our value proposition. This also gives us confidence in our ability to gain market share across all of our geographies. The second quarter is off to a strong start and we are laser focused on executing all the key fundamentals of our off-price retail model. I am convinced that our broad assortments of great brands and fashions, at compelling prices, will continue to be a tremendous draw for shoppers seeking value. Further, I am confident that the strength, flexibility, and resiliency of our off-price business model will serve us well in today's macro environment, as it has throughout our long, successful history. I am as confident as ever that we will bring our value proposition to even more customers around the world and keep growing our sales and profitability over the long term.' Comparable Sales by Division The Company's comparable sales by division for the first quarter of Fiscal 2026 and Fiscal 2025 were as follows: 1 Comparable sales for FY2026 include e-commerce. 2 Includes TJ Maxx, Marshalls, and Sierra stores as well as their e-commerce sites. 3 Includes HomeGoods and Homesense stores. 4 Includes TK Maxx and Homesense stores, as well as TK Maxx e-commerce sites in Europe. Expand Net Sales by Division The Company's net sales by division for the first quarter of Fiscal 2026 and Fiscal 2025 were as follows: 1 Net sales in TJX Canada and TJX International include the impact of foreign currency. 2 Reflects net sales adjusted for the impact of foreign currency; see Impact of Foreign Currency, below. 3 Includes TJ Maxx, Marshalls, and Sierra stores as well as their e-commerce sites. 4 Includes HomeGoods and Homesense stores. 5 Includes TK Maxx and Homesense stores, as well as TK Maxx e-commerce sites in Europe. Expand Margins For the first quarter of Fiscal 2026, the Company's pretax profit margin was 10.3%, above the Company's plan and 0.8 percentage points below last year's first quarter pretax profit margin of 11.1%. Gross profit margin for the first quarter of Fiscal 2026 was 29.5%, down 0.5 percentage points versus last year's 30.0%, primarily due to negative mark-to-market adjustments on inventory hedges. Selling, general and administrative (SG&A) costs as a percent of sales for the first quarter of Fiscal 2026 were 19.4%, a 0.2 percentage point increase versus last year's 19.2%. This is due to the lapping of a benefit from a reserve release last year and incremental store wage and payroll costs. Net interest income negatively impacted first quarter Fiscal 2026 pretax profit margin by 0.2 percentage points versus the prior year. Inventory Total inventories as of May 3, 2025 were $7.1 billion, compared to $6.2 billion at the end of the first quarter of Fiscal 2025. Consolidated inventories on a per-store basis as of May 3, 2025, including distribution centers, but excluding inventory in transit and the Company's e-commerce sites, were up 7% on both a reported and constant currency basis versus last year. Inventory on a constant currency basis reflects inventory adjusted for the impact of foreign currency, if any, as described below. The Company is taking advantage of the outstanding availability it is seeing in the marketplace and is well-positioned to flow fresh assortments to its stores and online this spring and summer. Cash and Shareholder Distributions For the first quarter of Fiscal 2026, the Company generated $394 million of operating cash flow and ended the quarter with $4.3 billion of cash. During the first quarter of Fiscal 2026, the Company returned a total of $1.0 billion to shareholders. The Company repurchased 5.1 million shares of TJX stock for a total of $613 million and paid $420 million in shareholder dividends during the quarter. The Company continues to expect to repurchase approximately $2.0 to $2.5 billion of TJX stock during the fiscal year ending January 31, 2026. The Company may adjust the amount purchased under this plan up or down depending on various factors. The Company remains committed to returning cash to its shareholders while continuing to invest in the business to support the near- and long-term growth of TJX. Second Quarter and Full Year Fiscal 2026 Outlook The Company's second quarter and full year Fiscal 2026 guidance below assumes that the current level of tariffs on imports into the U.S. from China and other countries as of May 21, 2025 will stay in place for the remainder of the year. The Company's full year Fiscal 2026 guidance assumes that it can offset the significant incremental pressure it has experienced and continues to expect from tariffs. For the second quarter of Fiscal 2026, the Company expects consolidated comparable sales to be up 2% to 3%. The Company is planning second quarter Fiscal 2026 pretax profit margin to be in the range of 10.4% to 10.5%, down 0.4 to 0.5 percentage points versus the prior year's 10.9%. The Company is planning second quarter Fiscal 2026 diluted earnings per share to be in the range of $.97 to $1.00, which would represent a 1% to 4% increase versus the prior year's $.96. The Company's second quarter Fiscal 2026 outlook includes an incremental negative impact from tariff costs on the merchandise it was committed to at the time additional tariffs were announced in March and April of 2025. For the full year Fiscal 2026, the Company continues to expect consolidated comparable sales to be up 2% to 3%. The Company continues to plan full year Fiscal 2026 pretax profit margin to be in the range of 11.3% to 11.4%, down 0.1 to 0.2 percentage points versus the prior year's 11.5%. The Company continues to expect full year Fiscal 2026 diluted earnings per share to be in the range of $4.34 to $4.43, which would represent a 2% to 4% increase over the prior year's $4.26. For the full year Fiscal 2026, the Company is maintaining its assumption that unfavorable foreign currency exchange rates and transactional foreign exchange would have an approximately 0.2 percentage point negative impact to pretax profit margin and an approximately 3% negative impact to earnings per share growth. 1 Store counts above include both banners within a combo or a superstore. Expand Impact of Foreign Currency Changes in foreign currency exchange rates affect the translation of sales and earnings of the Company's international businesses into U.S. dollars for financial reporting purposes. In addition, ordinary course, inventory-related hedging instruments are marked to market at the end of each quarter. Changes in currency exchange rates can have a material effect on the magnitude of these translations and adjustments when there is significant volatility in currency exchange rates. Given the global operations of the Company, to facilitate comparability, the Company has provided sales growth and inventory on a constant currency basis, which assumes a constant exchange rate between periods for translation based on the rate in effect for the prior period. The movement in foreign currency exchange rates had a neutral impact on the Company's net sales growth in the first quarter of Fiscal 2026 versus the prior year. The overall net impact of foreign currency exchange rates had a $.02 negative impact on first quarter Fiscal 2026 diluted earnings per share. A table detailing the impact of foreign currency on TJX's net sales and pretax profit margin, as well as those of its international businesses, can be found in the Investors section of The foreign currency exchange rate impact to diluted earnings per share does not include the impact currency exchange rates have on various transactions, which the Company refers to as 'transactional foreign exchange.' About The TJX Companies, Inc. The TJX Companies, Inc., a Fortune 100 company, is the leading off-price retailer of apparel and home fashions in the U.S. and worldwide. Our mission is to deliver great value to customers every day. We do this by offering a rapidly changing assortment of quality, fashionable, brand name, and designer merchandise at prices generally 20% to 60% below full-price retailers' regular prices on comparable merchandise. We operate over 5,100 stores across nine countries, including TJ Maxx, Marshalls, HomeGoods, Homesense, and Sierra in the U.S.; Winners, HomeSense, and Marshalls in Canada; TK Maxx and Homesense in Europe, and TK Maxx in Australia. We also operate e-commerce sites for TJ Maxx, Marshalls, and Sierra in the U.S. and three sites for TK Maxx in Europe. Our value mission extends to our corporate responsibility efforts, which are focused on supporting our Associates, giving back in the communities we serve, the environment, and operating responsibly. Additional information about TJX's press releases, financial information, and corporate responsibility are available at At 11:00 a.m. ET today, Ernie Herrman, Chief Executive Officer and President of TJX, will hold a conference call to discuss the Company's first quarter Fiscal 2026 results, operations, and business trends. A real-time webcast of the call will be available to the public at A replay of the call will also be available by dialing (866) 367-5577 (toll free) or (203) 369-0233 through Tuesday, May 27, 2025, or at Non-GAAP Financial Information The Company reports its financial results in accordance with generally accepted accounting principles in the U.S. (GAAP). However, management believes that certain non-GAAP financial measures may provide users of this financial information additional meaningful comparisons between current results and results in prior operating periods and between results in prior periods and expectations for future periods. Management believes that these non-GAAP financial measures can provide additional meaningful reflection of underlying trends of the business because they provide a comparison of historical information that excludes certain items that affect overall comparability. Non-GAAP financial measures used in this press release include sales growth on a constant currency basis and inventory on a constant currency basis. The Company uses these non-GAAP financial measures in making financial, operating, and planning decisions and in evaluating the Company's performance, including relative to others in the market. Management also uses these non-GAAP measures to consider underlying trends of the Company's business and believes presenting these measures also provides information to investors and others to assist them in understanding and evaluating trends in the Company's operating results or measure performance in the same manner as the Company's management. Non-GAAP financial measures should be considered in addition to, and not as an alternative to, the Company's reported results prepared in accordance with GAAP. The use of these non-GAAP financial measures may differ from similar measures reported by other companies and may not be comparable to other similarly titled measures. Important Information at Website Archived versions of the Company's conference calls are available in the Investors section of after they are no longer available by telephone, as are reconciliations of non-GAAP financial measures to GAAP financial measures and other financial information. The Company routinely posts information that may be important to investors in the Investors section at The Company encourages investors to consult that section of its website regularly. Forward-looking Statement Various statements made in this release are forward-looking, and are inherently subject to 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, including, among others, statements regarding the Company's anticipated operating and financial performance, the impact of tariffs on its business, business plans and prospects, dividends and share repurchases, and second quarter and full year Fiscal 2026 outlook. These statements are typically accompanied by the words 'aim,' 'anticipate,' 'aspire,' 'believe,' 'continue,' 'could,' 'should,' 'estimate,' 'expect,' 'forecast,' 'goal,' 'hope,' 'intend,' 'may,' 'plan,' 'project,' 'potential,' 'seek,' 'strive,' 'target,' 'will,' 'would,' or similar words, although not all forward-looking statements contain these identifying words. Each forward-looking statement contained in this press release is inherently subject to risks, uncertainties and potentially inaccurate assumptions that could cause actual results to differ materially from those expressed or implied by such statement. We cannot guarantee that the results and other expectations expressed, anticipated or implied in any forward-looking statement will be realized. Applicable risks and uncertainties include, among others, execution of buying strategy and inventory management; customer trends and preferences; competition; various marketing efforts; operational and business expansion; management of large size and scale; merchandise sourcing and transport; international trade and tariff policies; data security and maintenance and development of information technology systems; labor costs and workforce challenges; personnel recruitment, training and retention; corporate and retail banner reputation; evolving corporate governance and public disclosure regulations and expectations with respect to environmental, social and governance matters; expanding international operations; fluctuations in quarterly operating results and market expectations; inventory or asset loss; cash flow; mergers, acquisitions, or business investments and divestitures, closings or business consolidations; real estate activities; economic conditions and consumer spending; market instability; severe weather, serious disruptions or catastrophic events; disproportionate impact of disruptions during the fiscal year; commodity availability and pricing; fluctuations in currency exchange rates; 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; quality, safety and other issues with our merchandise; tax matters; and other factors set forth under Item 1A of our most recent Annual Report on Form 10-K, as well as other information we file with the Securities and Exchange Commission ( 'SEC'). We caution investors, potential investors and others not to place considerable reliance on the forward-looking statements contained in this release. You are encouraged to read any further disclosures we may make in our future reports to the SEC, available at on our website, or otherwise. Our forward-looking statements in this release speak only as of the date of this release, and we undertake no obligation to update or revise any of these statements, unless required by law, even if experience or future changes make it clear that any projected results expressed or implied in such statements will not be realized. Our business is subject to substantial risks and uncertainties, including those referenced above. Investors, potential investors, and others should give careful consideration to these risks and uncertainties. The TJX Companies, Inc. and Consolidated Subsidiaries Condensed Balance Sheets (Unaudited) (In Millions) May 3, 2025 May 4, 2024 Assets Current assets: Cash and cash equivalents $ 4,255 $ 5,059 Accounts receivable and other current assets 1,213 1,132 Merchandise inventories 7,127 6,218 Total current assets 12,595 12,409 Net property at cost 7,554 6,622 Operating lease right of use assets 9,924 9,499 Goodwill 95 95 Other assets 1,690 1,054 Total assets $ 31,858 $ 29,679 Liabilities and shareholders' equity Current liabilities: Accounts payable $ 4,414 $ 4,072 Accrued expenses and other current liabilities 4,753 4,413 Current portion of operating lease liabilities 1,660 1,615 Total current liabilities 10,827 10,100 Other long-term liabilities 972 894 Non-current deferred income taxes, net 154 156 Long-term operating lease liabilities 8,535 8,164 Long-term debt 2,867 2,863 Shareholders' equity 8,503 7,502 Total liabilities and shareholders' equity $ 31,858 $ 29,679 Expand The TJX Companies, Inc. and Consolidated Subsidiaries Condensed Statements of Cash Flows (Unaudited) (In Millions) Thirteen Weeks Ended May 3, 2025 May 4, 2024 Cash flows from operating activities: Net income $ 1,036 $ 1,070 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 296 264 Deferred income tax provision 8 24 Share-based compensation 33 38 Changes in assets and liabilities: (Increase) in accounts receivable and other assets (34 ) (32 ) (Increase) in merchandise inventories (604 ) (266 ) Decrease (increase) in income taxes recoverable 25 (3 ) Increase in accounts payable 101 219 (Decrease) in accrued expenses and other liabilities (540 ) (542 ) (Decrease) in net operating lease liabilities (8 ) (4 ) Other, net 81 (31 ) Net cash provided by operating activities 394 737 Cash flows from investing activities: Property additions (497 ) (419 ) Purchase of investments (17 ) (16 ) Sales and maturities of investments 11 8 Net cash (used in) investing activities (503 ) (427 ) Cash flows from financing activities: Payments for repurchase of common stock (613 ) (509 ) Cash dividends paid (424 ) (380 ) Proceeds from issuance of common stock 50 90 Other (61 ) (41 ) Net cash (used in) financing activities (1,048 ) (840 ) Effect of exchange rate changes on cash 77 (11 ) Net (decrease) in cash and cash equivalents (1,080 ) (541 ) Cash and cash equivalents at beginning of year 5,335 5,600 Cash and cash equivalents at end of period $ 4,255 $ 5,059 Expand The TJX Companies, Inc. and Consolidated Subsidiaries Selected Information by Major Business Segment (Unaudited) (In Millions) Thirteen Weeks Ended May 3, 2025 May 4, 2024 Net sales: In the United States: Marmaxx $ 8,052 $ 7,750 HomeGoods 2,254 2,079 TJX Canada 1,144 1,113 TJX International 1,661 1,537 Total net sales $ 13,111 $ 12,479 Segment profit: In the United States: Marmaxx $ 1,107 $ 1,097 HomeGoods 230 198 TJX Canada 122 137 TJX International 72 61 Total segment profit $ 1,531 $ 1,493 General corporate expense 215 153 Interest (income) expense, net (30 ) (50 ) Income before income taxes $ 1,346 $ 1,390 Expand The TJX Companies, Inc. and Consolidated Subsidiaries Notes to Consolidated Condensed Statements During the first quarter ended May 3, 2025, the Company returned $1 billion to shareholders, repurchasing and retiring 5.1 million shares of its common stock at a cost of $613 million and paid $420 million in shareholder dividends. In February 2025, the Company announced that the Board of Directors had approved a new stock repurchase program that authorizes the repurchase of up to an additional $2.5 billion of TJX common stock from time to time. Under this program and previously announced programs, TJX had approximately $2.9 billion available for repurchase as of May 3, 2025.
Yahoo
21-05-2025
- Business
- Yahoo
The TJX Companies, Inc. Reports Q1 FY26 Results; Comp Sales Growth of 3%; Pretax Profit Margin of 10.3% and Diluted EPS of $.92 Both Above Plan; Maintains Full Year FY26 Guidance
Q1 consolidated comparable sales increased 3%, at the high end of the Company's plan, driven by an increase in customer transactions Q1 pretax profit margin of 10.3%, above the Company's plan Q1 diluted earnings per share of $.92, above the Company's plan Returned $1.0 billion to shareholders in Q1 through share repurchases and dividends Maintains full year FY26 comp sales growth, pretax profit margin, and diluted earnings per share guidance FRAMINGHAM, Mass., May 21, 2025--(BUSINESS WIRE)--The TJX Companies, Inc. (NYSE: TJX), the leading off-price apparel and home fashions retailer in the U.S. and worldwide, today announced sales and operating results for the first quarter ended May 3, 2025. Net sales for the first quarter of Fiscal 2026 were $13.1 billion, an increase of 5% versus the first quarter of Fiscal 2025. First quarter Fiscal 2026 consolidated comparable sales increased 3%. Net income for the first quarter of Fiscal 2026 was $1.0 billion and diluted earnings per share were $.92 versus $.93 in the first quarter of Fiscal 2025. CEO and President Comments Ernie Herrman, Chief Executive Officer and President of The TJX Companies, Inc., stated, "I am very pleased with our first quarter performance. Overall comp sales increased 3%, at the high end of our plan, and both profitability and earnings per share were above our expectations. Our teams across the Company delivered consumers exciting values on great brands and fashions and a treasure-hunt shopping experience, every day. All divisions, both in the U.S. and internationally, drove increases in comp sales and customer transactions, which underscores the strength of our value proposition. This also gives us confidence in our ability to gain market share across all of our geographies. The second quarter is off to a strong start and we are laser focused on executing all the key fundamentals of our off-price retail model. I am convinced that our broad assortments of great brands and fashions, at compelling prices, will continue to be a tremendous draw for shoppers seeking value. Further, I am confident that the strength, flexibility, and resiliency of our off-price business model will serve us well in today's macro environment, as it has throughout our long, successful history. I am as confident as ever that we will bring our value proposition to even more customers around the world and keep growing our sales and profitability over the long term." Comparable Sales by Division The Company's comparable sales by division for the first quarter of Fiscal 2026 and Fiscal 2025 were as follows: First QuarterComparable Sales1 FY2026 FY2025 Marmaxx (U.S.)2 +2% +2% HomeGoods (U.S.)3 +4% +4% TJX Canada +5% +4% TJX International (Europe & Australia)4 +5% +2% TJX +3% +3% 1Comparable sales for FY2026 include e-commerce. 2Includes TJ Maxx, Marshalls, and Sierra stores as well as their e-commerce sites. 3Includes HomeGoods and Homesense stores. 4Includes TK Maxx and Homesense stores, as well as TK Maxx e-commerce sites in Europe. Net Sales by Division The Company's net sales by division for the first quarter of Fiscal 2026 and Fiscal 2025 were as follows: First Quarter Net Sales($ in millions)1 First QuarterFY2026Reported SalesGrowth First QuarterFY2026Sales Growth on aConstantCurrency Basis2 FY2026 FY2025 Marmaxx (U.S.)3 $8,052 $7,750 +4% N.A. HomeGoods (U.S.)4 $2,254 $2,079 +8% N.A. TJX Canada $1,144 $1,113 +3% +7% TJX International (Europe & Australia)5 $1,661 $1,537 +8% +7% TJX $13,111 $12,479 +5% +5% 1Net sales in TJX Canada and TJX International include the impact of foreign currency. 2Reflects net sales adjusted for the impact of foreign currency; see Impact of Foreign Currency, below. 3Includes TJ Maxx, Marshalls, and Sierra stores as well as their e-commerce sites. 4Includes HomeGoods and Homesense stores. 5Includes TK Maxx and Homesense stores, as well as TK Maxx e-commerce sites in Europe. Margins For the first quarter of Fiscal 2026, the Company's pretax profit margin was 10.3%, above the Company's plan and 0.8 percentage points below last year's first quarter pretax profit margin of 11.1%. Gross profit margin for the first quarter of Fiscal 2026 was 29.5%, down 0.5 percentage points versus last year's 30.0%, primarily due to negative mark-to-market adjustments on inventory hedges. Selling, general and administrative (SG&A) costs as a percent of sales for the first quarter of Fiscal 2026 were 19.4%, a 0.2 percentage point increase versus last year's 19.2%. This is due to the lapping of a benefit from a reserve release last year and incremental store wage and payroll costs. Net interest income negatively impacted first quarter Fiscal 2026 pretax profit margin by 0.2 percentage points versus the prior year. Inventory Total inventories as of May 3, 2025 were $7.1 billion, compared to $6.2 billion at the end of the first quarter of Fiscal 2025. Consolidated inventories on a per-store basis as of May 3, 2025, including distribution centers, but excluding inventory in transit and the Company's e-commerce sites, were up 7% on both a reported and constant currency basis versus last year. Inventory on a constant currency basis reflects inventory adjusted for the impact of foreign currency, if any, as described below. The Company is taking advantage of the outstanding availability it is seeing in the marketplace and is well-positioned to flow fresh assortments to its stores and online this spring and summer. Cash and Shareholder Distributions For the first quarter of Fiscal 2026, the Company generated $394 million of operating cash flow and ended the quarter with $4.3 billion of cash. During the first quarter of Fiscal 2026, the Company returned a total of $1.0 billion to shareholders. The Company repurchased 5.1 million shares of TJX stock for a total of $613 million and paid $420 million in shareholder dividends during the quarter. The Company continues to expect to repurchase approximately $2.0 to $2.5 billion of TJX stock during the fiscal year ending January 31, 2026. The Company may adjust the amount purchased under this plan up or down depending on various factors. The Company remains committed to returning cash to its shareholders while continuing to invest in the business to support the near- and long-term growth of TJX. Second Quarter and Full Year Fiscal 2026 Outlook The Company's second quarter and full year Fiscal 2026 guidance below assumes that the current level of tariffs on imports into the U.S. from China and other countries as of May 21, 2025 will stay in place for the remainder of the year. The Company's full year Fiscal 2026 guidance assumes that it can offset the significant incremental pressure it has experienced and continues to expect from tariffs. For the second quarter of Fiscal 2026, the Company expects consolidated comparable sales to be up 2% to 3%. The Company is planning second quarter Fiscal 2026 pretax profit margin to be in the range of 10.4% to 10.5%, down 0.4 to 0.5 percentage points versus the prior year's 10.9%. The Company is planning second quarter Fiscal 2026 diluted earnings per share to be in the range of $.97 to $1.00, which would represent a 1% to 4% increase versus the prior year's $.96. The Company's second quarter Fiscal 2026 outlook includes an incremental negative impact from tariff costs on the merchandise it was committed to at the time additional tariffs were announced in March and April of 2025. For the full year Fiscal 2026, the Company continues to expect consolidated comparable sales to be up 2% to 3%. The Company continues to plan full year Fiscal 2026 pretax profit margin to be in the range of 11.3% to 11.4%, down 0.1 to 0.2 percentage points versus the prior year's 11.5%. The Company continues to expect full year Fiscal 2026 diluted earnings per share to be in the range of $4.34 to $4.43, which would represent a 2% to 4% increase over the prior year's $4.26. For the full year Fiscal 2026, the Company is maintaining its assumption that unfavorable foreign currency exchange rates and transactional foreign exchange would have an approximately 0.2 percentage point negative impact to pretax profit margin and an approximately 3% negative impact to earnings per share growth. Stores by Concept During the fiscal quarter ended May 3, 2025, the Company increased its store count by 36 stores overall to a total of 5,121 stores and increased total square footage by 0.6% versus the prior quarter. Store Locations1First Quarter FY2026 Gross Square FeetFirst Quarter FY2026(in millions) Beginning End Beginning End In the U.S.: TJ Maxx 1,333 1,338 36.0 36.1 Marshalls 1,230 1,234 34.4 34.5 HomeGoods 943 950 22.1 22.2 Sierra 117 123 2.4 2.5 Homesense 72 75 2.0 2.1 In Canada: Winners 307 310 8.4 8.5 HomeSense 160 161 3.8 3.8 Marshalls 109 110 2.9 2.9 In Europe: TK Maxx 655 662 18.1 18.3 Homesense 75 74 1.4 1.4 In Australia: TK Maxx 84 84 1.7 1.7 TJX 5,085 5,121 133.2 134.0 1Store counts above include both banners within a combo or a superstore. Impact of Foreign Currency Changes in foreign currency exchange rates affect the translation of sales and earnings of the Company's international businesses into U.S. dollars for financial reporting purposes. In addition, ordinary course, inventory-related hedging instruments are marked to market at the end of each quarter. Changes in currency exchange rates can have a material effect on the magnitude of these translations and adjustments when there is significant volatility in currency exchange rates. Given the global operations of the Company, to facilitate comparability, the Company has provided sales growth and inventory on a constant currency basis, which assumes a constant exchange rate between periods for translation based on the rate in effect for the prior period. The movement in foreign currency exchange rates had a neutral impact on the Company's net sales growth in the first quarter of Fiscal 2026 versus the prior year. The overall net impact of foreign currency exchange rates had a $.02 negative impact on first quarter Fiscal 2026 diluted earnings per share. A table detailing the impact of foreign currency on TJX's net sales and pretax profit margin, as well as those of its international businesses, can be found in the Investors section of The foreign currency exchange rate impact to diluted earnings per share does not include the impact currency exchange rates have on various transactions, which the Company refers to as "transactional foreign exchange." About The TJX Companies, Inc. The TJX Companies, Inc., a Fortune 100 company, is the leading off-price retailer of apparel and home fashions in the U.S. and worldwide. Our mission is to deliver great value to customers every day. We do this by offering a rapidly changing assortment of quality, fashionable, brand name, and designer merchandise at prices generally 20% to 60% below full-price retailers' regular prices on comparable merchandise. We operate over 5,100 stores across nine countries, including TJ Maxx, Marshalls, HomeGoods, Homesense, and Sierra in the U.S.; Winners, HomeSense, and Marshalls in Canada; TK Maxx and Homesense in Europe, and TK Maxx in Australia. We also operate e-commerce sites for TJ Maxx, Marshalls, and Sierra in the U.S. and three sites for TK Maxx in Europe. Our value mission extends to our corporate responsibility efforts, which are focused on supporting our Associates, giving back in the communities we serve, the environment, and operating responsibly. Additional information about TJX's press releases, financial information, and corporate responsibility are available at First Quarter Fiscal 2026 Earnings Conference Call At 11:00 a.m. ET today, Ernie Herrman, Chief Executive Officer and President of TJX, will hold a conference call to discuss the Company's first quarter Fiscal 2026 results, operations, and business trends. A real-time webcast of the call will be available to the public at A replay of the call will also be available by dialing (866) 367-5577 (toll free) or (203) 369-0233 through Tuesday, May 27, 2025, or at Non-GAAP Financial Information The Company reports its financial results in accordance with generally accepted accounting principles in the U.S. (GAAP). However, management believes that certain non-GAAP financial measures may provide users of this financial information additional meaningful comparisons between current results and results in prior operating periods and between results in prior periods and expectations for future periods. Management believes that these non-GAAP financial measures can provide additional meaningful reflection of underlying trends of the business because they provide a comparison of historical information that excludes certain items that affect overall comparability. Non-GAAP financial measures used in this press release include sales growth on a constant currency basis and inventory on a constant currency basis. The Company uses these non-GAAP financial measures in making financial, operating, and planning decisions and in evaluating the Company's performance, including relative to others in the market. Management also uses these non-GAAP measures to consider underlying trends of the Company's business and believes presenting these measures also provides information to investors and others to assist them in understanding and evaluating trends in the Company's operating results or measure performance in the same manner as the Company's management. Non-GAAP financial measures should be considered in addition to, and not as an alternative to, the Company's reported results prepared in accordance with GAAP. The use of these non-GAAP financial measures may differ from similar measures reported by other companies and may not be comparable to other similarly titled measures. Important Information at Website Archived versions of the Company's conference calls are available in the Investors section of after they are no longer available by telephone, as are reconciliations of non-GAAP financial measures to GAAP financial measures and other financial information. The Company routinely posts information that may be important to investors in the Investors section at The Company encourages investors to consult that section of its website regularly. Forward-looking Statement Various statements made in this release are forward-looking, and are inherently subject to 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, including, among others, statements regarding the Company's anticipated operating and financial performance, the impact of tariffs on its business, business plans and prospects, dividends and share repurchases, and second quarter and full year Fiscal 2026 outlook. These statements are typically accompanied by the words "aim," "anticipate," "aspire," "believe," "continue," "could," "should," "estimate," "expect," "forecast," "goal," "hope," "intend," "may," "plan," "project," "potential," "seek," "strive," "target," "will," "would," or similar words, although not all forward-looking statements contain these identifying words. Each forward-looking statement contained in this press release is inherently subject to risks, uncertainties and potentially inaccurate assumptions that could cause actual results to differ materially from those expressed or implied by such statement. We cannot guarantee that the results and other expectations expressed, anticipated or implied in any forward-looking statement will be realized. Applicable risks and uncertainties include, among others, execution of buying strategy and inventory management; customer trends and preferences; competition; various marketing efforts; operational and business expansion; management of large size and scale; merchandise sourcing and transport; international trade and tariff policies; data security and maintenance and development of information technology systems; labor costs and workforce challenges; personnel recruitment, training and retention; corporate and retail banner reputation; evolving corporate governance and public disclosure regulations and expectations with respect to environmental, social and governance matters; expanding international operations; fluctuations in quarterly operating results and market expectations; inventory or asset loss; cash flow; mergers, acquisitions, or business investments and divestitures, closings or business consolidations; real estate activities; economic conditions and consumer spending; market instability; severe weather, serious disruptions or catastrophic events; disproportionate impact of disruptions during the fiscal year; commodity availability and pricing; fluctuations in currency exchange rates; 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; quality, safety and other issues with our merchandise; tax matters; and other factors set forth under Item 1A of our most recent Annual Report on Form 10-K, as well as other information we file with the Securities and Exchange Commission ( "SEC"). We caution investors, potential investors and others not to place considerable reliance on the forward-looking statements contained in this release. You are encouraged to read any further disclosures we may make in our future reports to the SEC, available at on our website, or otherwise. Our forward-looking statements in this release speak only as of the date of this release, and we undertake no obligation to update or revise any of these statements, unless required by law, even if experience or future changes make it clear that any projected results expressed or implied in such statements will not be realized. Our business is subject to substantial risks and uncertainties, including those referenced above. Investors, potential investors, and others should give careful consideration to these risks and uncertainties. The TJX Companies, Inc. and Consolidated Subsidiaries Financial Summary (Unaudited) (In Millions Except Per Share Amounts) Thirteen Weeks Ended May 3,2025 May 4,2024 Net sales $ 13,111 $ 12,479 Cost of sales, including buying and occupancy costs 9,246 8,739 Selling, general and administrative expenses 2,549 2,400 Interest (income) expense, net (30 ) (50 ) Income before income taxes 1,346 1,390 Provision for income taxes 310 320 Net income $ 1,036 $ 1,070 Diluted earnings per share $ 0.92 $ 0.93 Cash dividends declared per share $ 0.425 $ 0.375 Weighted average common shares – diluted 1,132 1,146 The TJX Companies, Inc. and Consolidated Subsidiaries Condensed Balance Sheets (Unaudited) (In Millions) May 3,2025 May 4,2024 Assets Current assets: Cash and cash equivalents $ 4,255 $ 5,059 Accounts receivable and other current assets 1,213 1,132 Merchandise inventories 7,127 6,218 Total current assets 12,595 12,409 Net property at cost 7,554 6,622 Operating lease right of use assets 9,924 9,499 Goodwill 95 95 Other assets 1,690 1,054 Total assets $ 31,858 $ 29,679 Liabilities and shareholders' equity Current liabilities: Accounts payable $ 4,414 $ 4,072 Accrued expenses and other current liabilities 4,753 4,413 Current portion of operating lease liabilities 1,660 1,615 Total current liabilities 10,827 10,100 Other long-term liabilities 972 894 Non-current deferred income taxes, net 154 156 Long-term operating lease liabilities 8,535 8,164 Long-term debt 2,867 2,863 Shareholders' equity 8,503 7,502 Total liabilities and shareholders' equity $ 31,858 $ 29,679 The TJX Companies, Inc. and Consolidated Subsidiaries Condensed Statements of Cash Flows (Unaudited) (In Millions) Thirteen Weeks Ended May 3,2025 May 4,2024 Cash flows from operating activities: Net income $ 1,036 $ 1,070 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 296 264 Deferred income tax provision 8 24 Share-based compensation 33 38 Changes in assets and liabilities: (Increase) in accounts receivable and other assets (34 ) (32 ) (Increase) in merchandise inventories (604 ) (266 ) Decrease (increase) in income taxes recoverable 25 (3 ) Increase in accounts payable 101 219 (Decrease) in accrued expenses and other liabilities (540 ) (542 ) (Decrease) in net operating lease liabilities (8 ) (4 ) Other, net 81 (31 ) Net cash provided by operating activities 394 737 Cash flows from investing activities: Property additions (497 ) (419 ) Purchase of investments (17 ) (16 ) Sales and maturities of investments 11 8 Net cash (used in) investing activities (503 ) (427 ) Cash flows from financing activities: Payments for repurchase of common stock (613 ) (509 ) Cash dividends paid (424 ) (380 ) Proceeds from issuance of common stock 50 90 Other (61 ) (41 ) Net cash (used in) financing activities (1,048 ) (840 ) Effect of exchange rate changes on cash 77 (11 ) Net (decrease) in cash and cash equivalents (1,080 ) (541 ) Cash and cash equivalents at beginning of year 5,335 5,600 Cash and cash equivalents at end of period $ 4,255 $ 5,059 The TJX Companies, Inc. and Consolidated Subsidiaries Selected Information by Major Business Segment (Unaudited) (In Millions) Thirteen Weeks Ended May 3,2025 May 4,2024 Net sales: In the United States: Marmaxx $ 8,052 $ 7,750 HomeGoods 2,254 2,079 TJX Canada 1,144 1,113 TJX International 1,661 1,537 Total net sales $ 13,111 $ 12,479 Segment profit: In the United States: Marmaxx $ 1,107 $ 1,097 HomeGoods 230 198 TJX Canada 122 137 TJX International 72 61 Total segment profit $ 1,531 $ 1,493 General corporate expense 215 153 Interest (income) expense, net (30 ) (50 ) Income before income taxes $ 1,346 $ 1,390 The TJX Companies, Inc. and Consolidated SubsidiariesNotes to Consolidated Condensed Statements During the first quarter ended May 3, 2025, the Company returned $1 billion to shareholders, repurchasing and retiring 5.1 million shares of its common stock at a cost of $613 million and paid $420 million in shareholder dividends. In February 2025, the Company announced that the Board of Directors had approved a new stock repurchase program that authorizes the repurchase of up to an additional $2.5 billion of TJX common stock from time to time. Under this program and previously announced programs, TJX had approximately $2.9 billion available for repurchase as of May 3, 2025. View source version on Contacts Debra McConnellGlobal Communications(508) 390-2323 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Sun
09-05-2025
- Business
- The Sun
Beauty fans are told to stop using TK Maxx & Homesense buy IMMEDIATELY in urgent recall over electric shock & fire risk
TRIFTY beauty buffs have been instructed to stop using a popular TK Maxx & Homesense bargain immediately. The warning comes under an urgent recall notice, which said the product could cause an ''electric shock or fire ''. 3 The hair cap has been sold at both TK Maxx and Homesense since the start of 2025, with the product model number ZT-A. However, now the product's maker Eclat Cosmetic Ltd. is recalling the Beauty Hair Revitalise Steamer Cap for shoppers' safety. The two popular high street retailers have announced the safety recall, and are urging shoppers to return the item. TK Maxx and Homesense customers can claim a full refund or replacement upon handing the cap back to its vendor. According to the warning online, the risk of an ' 'electric shock or fire'' is caused by the fuse in the cap's plug, which does not meet the UK's required safety standards. Following the discovery, the recall also instructs shoppers to ''spread the news'' about the product's risk, by informing friends and family. Shockingly, this is not the only bathroom essential that's been recalled recently. The USB Electric Toothbrush Charger, sold on Amazon, has a number of issues with its fuse, meaning that if an electrical surge or fault were to occur occur, it could cause a fire. The Office for Product Safety and Standards has issued an urgent recall of the product, as it does not meet the requirements of the Electrical Equipment (Safety) Regulations 2016 or the Plugs & Sockets etc. (Safety) Regulations 1994. The recall states that the fuse within the charger's plug does not contain any granular filler, is the wrong length, and that the fuse endcaps are insecurely fixed. Supermarkets urgently recall iconic Scottish snack over health risk "In the event of an electrical surge or fault, the plug may overheat and ignite, causing a fire," the recall reads. The product, which comes from China, is now being rejected at the border. The £8.99 charger has a "waterproof design" and a "smart standby" mode, which detects when the toothbrush is fully charged. Your product recall rights Chief consumer reporter James Flanders reveals all you need to know. Product recalls are an important means of protecting consumers from dangerous goods. As a general rule, if a recall involves a branded product, the manufacturer would usually have lead responsibility for the recall action. But it's often left up to supermarkets to notify customers when products could put them at risk. If you are concerned about the safety of a product you own, always check the manufacturer's website to see if a safety notice has been issued. When it comes to appliances, rather than just food items, the onus is usually on you - the customer - to register the appliance with the manufacturer as if you don't there is no way of contacting you to tell you about a fault. If you become aware that an item you own has been recalled or has any safety noticed issued against it, make sure you follow the instructions given to you by the manufacturer. They should usually provide you with more information and a contact number on its safety notice. In some cases, the manufacturer might ask you to return the item for a full refund or arrange for the faulty product to be collected. You should not be charged for any recall work - such as a repair, replacement or collection of the recalled item However, it has now been deemed unsafe for consumers. The model of the product is XT-3757 and the brand name is Shenzhen Binsheng Technology Development Co Ltd. Anyone who has purchased the project should stop using it immediately, and should be able to contact Amazon for a full refund. Products are commonly recalled when they pose a risk to customers' health and safety. This comes after a number of cheap money-saving gadgets sold on sites such as Amazon and AliExpress, were recalled because they failed basic electrical safety standards.
Scottish Sun
09-05-2025
- General
- Scottish Sun
Beauty fans are told to stop using TK Maxx & Homesense buy IMMEDIATELY in urgent recall over electric shock & fire risk
Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) TRIFTY beauty buffs have been instructed to stop using a popular TK Maxx & Homesense bargain immediately. The warning comes under an urgent recall notice, which said the product could cause an ''electric shock or fire''. 3 Beauty lovers have been urged to return a popular hair tool that could cause 'electric shock' Credit: Getty 3 TK Maxx has issued a warning and an immediate product recall over fire risk Credit: Alamy 3 TK Maxx and Homesense customers can claim a full refund or replacement upon handing the cap back to its vendor Credit: Erth Beauty The hair cap has been sold at both TK Maxx and Homesense since the start of 2025, with the product model number ZT-A. However, now the product's maker Eclat Cosmetic Ltd. is recalling the Beauty Hair Revitalise Steamer Cap for shoppers' safety. The two popular high street retailers have announced the safety recall, and are urging shoppers to return the item. TK Maxx and Homesense customers can claim a full refund or replacement upon handing the cap back to its vendor. According to the warning online, the risk of an ''electric shock or fire'' is caused by the fuse in the cap's plug, which does not meet the UK's required safety standards. Following the discovery, the recall also instructs shoppers to ''spread the news'' about the product's risk, by informing friends and family. Shockingly, this is not the only bathroom essential that's been recalled recently. The USB Electric Toothbrush Charger, sold on Amazon, has a number of issues with its fuse, meaning that if an electrical surge or fault were to occur occur, it could cause a fire. The Office for Product Safety and Standards has issued an urgent recall of the product, as it does not meet the requirements of the Electrical Equipment (Safety) Regulations 2016 or the Plugs & Sockets etc. (Safety) Regulations 1994. The recall states that the fuse within the charger's plug does not contain any granular filler, is the wrong length, and that the fuse endcaps are insecurely fixed. Supermarkets urgently recall iconic Scottish snack over health risk "In the event of an electrical surge or fault, the plug may overheat and ignite, causing a fire," the recall reads. The product, which comes from China, is now being rejected at the border. The £8.99 charger has a "waterproof design" and a "smart standby" mode, which detects when the toothbrush is fully charged. Your product recall rights Chief consumer reporter James Flanders reveals all you need to know. Product recalls are an important means of protecting consumers from dangerous goods. As a general rule, if a recall involves a branded product, the manufacturer would usually have lead responsibility for the recall action. But it's often left up to supermarkets to notify customers when products could put them at risk. If you are concerned about the safety of a product you own, always check the manufacturer's website to see if a safety notice has been issued. When it comes to appliances, rather than just food items, the onus is usually on you - the customer - to register the appliance with the manufacturer as if you don't there is no way of contacting you to tell you about a fault. If you become aware that an item you own has been recalled or has any safety noticed issued against it, make sure you follow the instructions given to you by the manufacturer. They should usually provide you with more information and a contact number on its safety notice. In some cases, the manufacturer might ask you to return the item for a full refund or arrange for the faulty product to be collected. You should not be charged for any recall work - such as a repair, replacement or collection of the recalled item However, it has now been deemed unsafe for consumers. The model of the product is XT-3757 and the brand name is Shenzhen Binsheng Technology Development Co Ltd. Anyone who has purchased the project should stop using it immediately, and should be able to contact Amazon for a full refund. Products are commonly recalled when they pose a risk to customers' health and safety. This comes after a number of cheap money-saving gadgets sold on sites such as Amazon and AliExpress, were recalled because they failed basic electrical safety standards.
