Latest news with #internationalExpansion
Globe and Mail
a day ago
- Business
- Globe and Mail
Can TJX's Global Expansion Plan Unlock its Next Growth Phase?
As The TJX Companies, Inc. TJX maintains its stronghold in U.S. off-price retail, the spotlight is now turning to the global expansion strategy as a potential engine for long-term growth. On the first-quarter fiscal 2026 earnings call, TJX emphasized continued momentum in international markets, particularly in Europe, Canada and Australia, and a planned market entry into Spain in 2026 through its TK Maxx banner. Comparable sales in TJX International rose 5% during the quarter, with Australia singled out for 'outstanding' performance and TJX Canada also posting a solid 5% increase. The TJX Companies is also deepening footprint in emerging markets through the joint venture with Grupo Axo in Mexico and a strategic investment in Brands For Less, strengthening its presence in the Middle East. With a well-established global sourcing network spanning more than 100 countries and a highly flexible merchandising model, The TJX Companies appears well-positioned to replicate its U.S. success across geographies. Management reaffirmed that its off-price value proposition, branded goods at everyday low prices, resonates across customer demographics and international markets alike. These attributes, coupled with the brand's adaptability and treasure-hunt appeal, form the foundation for what could be The TJX Companies' next major growth chapter abroad. How Are BURL & COST Approaching Expansion Compared With TJX? While TJX is betting on international expansion for growth, both Burlington Stores, Inc. BURL and Costco Wholesale Corporation COST are scaling through different store expansion strategies. Burlington plans to open 100 net new stores in fiscal 2025, with additional momentum from acquiring 46 JOANN Fabrics leases for fiscal 2026. Burlington's strategy capitalizes on real estate availability and supports the Burlington 2.0 framework for long-term growth and store productivity. Costco is expanding its international footprint with nine warehouse openings during the third quarter of fiscal 2025, on track to reach 914 global locations. This expansion reflects Costco's broader strategy to enhance member experience, strengthen its global footprint and drive long-term value through continued investment in new locations and operational efficiency. TJX's Price Performance, Valuation and Estimates Shares of The TJX Companies have risen 9.6% in the past three months compared with the industry 's growth of 8.9%. From a valuation standpoint, TJX trades at a forward price-to-earnings ratio of 27.77X, below the industry's average of 33.53X. Image Source: Zacks Investment Research The Zacks Consensus Estimate for The TJX Companies' current fiscal-year sales and earnings per share implies year-over-year growth of 4.4% and 4.7%, respectively. TJX stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Zacks Names #1 Semiconductor Stock It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom. With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028. See This Stock Now for Free >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The TJX Companies, Inc. (TJX): Free Stock Analysis Report Burlington Stores, Inc. (BURL): Free Stock Analysis Report
Bloomberg
4 days ago
- Business
- Bloomberg
Airline Gol Makes International Push to Cut Brazil Risk After Chapter 11
By and Giovanna Bellotti Azevedo Save Brazilian airline Gol Linhas Aéreas Inteligentes SA is ramping up international expansion as part of a strategy to boost growth and reduce dependence on its home market after exiting Chapter 11, Chief Executive Officer Celso Ferrer said in an interview. The company wants a quarter of its business to come from outside the country to offset risks like currency fluctuations and fuel cost pressures, which led Gol and most of its major peers to seek protection from creditors in past few years. Azul SA, which was looking to merge with Gol, filed just last week.
Reuters
30-05-2025
- Business
- Reuters
India extends IndiGo's Turkish Airlines lease by just three months
NEW DELHI, May 30 (Reuters) - IndiGo's Turkish Airlines lease has been extended by three months, less than the six-month extension allowed under current rules, India's aviation regulator said on Friday, giving the Indian airline a temporary boost in its international expansion plans. There has been public pressure on the Indian government to review its business ties with Turkey after Ankara's support for Pakistan during a recent conflict with India, which sparked public anger and boycott of Turkish products, including chocolates, coffee and clothing. IndiGo was not immediately available for a comment on Friday. IndiGo has had a codeshare partnership with Turkish Airlines since 2018 and has used that pact to connect travelers from India to a growing number of destinations in Europe and the U.S. in the last few years, making Istanbul an important hub for India's largest domestic airline. Since 2023, Turkish has leased to IndiGo two Boeing 777 aircraft with pilots and some crew. The aircraft presently operates on the Delhi-Istanbul and Mumbai-Istanbul routes, allowing IndiGo to carry more passengers, compared with the narrowbodies it operated earlier. IndiGo has been leasing widebody aircraft to tide over aircraft delivery delays and expand internationally. The airline expects its first Airbus A350 by early 2027 and the long-range A321XLR this financial year. The agreement with Turkish has faced calls to be scrapped. Rival Air India has lobbied Indian officials to halt the leasing tie-up, citing the business impact as well as security concerns sparked by Turkish support for Pakistan, Reuters reported earlier this month. IndiGo has previously defended the Turkish partnership, saying it offers multiple benefits to Indian travelers and boosts aviation growth and jobs. The government's move to give an extension follows its announcement earlier this month revoking the security clearance of Turkish ground handling service firm Celebi, citing national security, inviting a lawsuit from the Indian arm of the Turkish firm.
Associated Press
28-05-2025
- Business
- Associated Press
Trade Tensions Reshaping U.S. Corporate Strategy, HSBC Survey Finds
NEW YORK--(BUSINESS WIRE)--May 28, 2025-- U.S. companies remain optimistic about future international expansion despite facing cost pressures, disrupted supply chains and ongoing uncertainty more acutely when compared to global peers, according to HSBC's inaugural Trade Pulse survey . Despite current headwinds, American businesses remain optimistic about long term international growth and most are increasing reliance on the U.S. market in the immediate term. The survey captured responses from over 5,700 internationally active companies across 13 global markets, including 1,000 based in the United States. Key Findings: These findings reflect a complex trade environment – one where U.S. firms are rethinking supply chains, reassessing investment decisions, and adapting pricing strategies. Nearly three-quarters of respondents say they have paused or reconsidered long-term investments due to policy uncertainty, and 52% report difficulty forecasting costs or demand for the year ahead. The changing landscape is prompting a recalibration of global strategies as companies delay new investment decisions and look to shift operations. U.S. firms are more likely than global peers to pivot towards domestic markets in the short term and exit higher risk markets. Despite these headwinds, U.S. corporates remain confident in international growth prospects over the long term with nearly all (93%) respondents saying they expect to grow international trade over the next two years. Companies are also looking to innovate during this time of disruption, with 79% saying the current uncertainty is encouraging their business to evolve and explore new opportunities. American companies are more likely than global respondents to use this moment to drive innovation and future readiness: 'American companies are extremely resilient,' said Ajit Menon, U.S. Head of Global Trade Solutions. 'They're feeling the strain of rising costs and economic uncertainty, but many are responding with agility – digitizing operations, strengthening supply chains and redesigning growth strategies to compete globally. As the world's leading trade bank, HSBC is seeing firsthand how resilient and forward looking our clients are even in the most challenging conditions. We are uniquely qualified to help our clients navigate global complexity.' About the Trade Pulse Survey HSBC's Trade Pulse survey was conducted between April 30 and May 12, 2025, across 13 markets: Bangladesh, France, Germany, Hong Kong, India, Mainland China, Malaysia, Mexico, Singapore, UAE, United Kingdom, USA, and Vietnam. The survey captured perspectives from SMEs and mid-market companies with international operations and revenues between $50 million and $2 billion. HSBC Holdings plc HSBC Holdings plc, the parent company of HSBC, is headquartered in London. HSBC serves customers worldwide from offices in 58 countries and territories. With assets of US$3,054bn at 31 March 2025, HSBC is one of the world's largest banking and financial services organizations. View source version on CONTACT: Media Inquiries to: New York – Elena Connolly, Head of U.S. Communications, CIB,[email protected] KEYWORD: NEW YORK UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: FINANCE BUSINESS BANKING PROFESSIONAL SERVICES ASSET MANAGEMENT SOURCE: HSBC Holdings plc Copyright Business Wire 2025. PUB: 05/28/2025 07:45 AM/DISC: 05/28/2025 07:43 AM
Zawya
27-05-2025
- Business
- Zawya
Abu Dhabi's TAQA eyes acquisition opportunities in 'key' US market
DUBAI - Abu Dhabi's TAQA is exploring buying companies in the United States and elsewhere, its chief executive told Reuters, as the state-owned utility continues its international expansion and strives to reach ambitious growth targets. "The U.S. is a key market for us," and "if the right opportunity presents itself for TAQA, we would be pursuing that," Jasim Husain Thabet said in an interview, without disclosing specific targets. ADPower, a unit of Abu Dhabi sovereign wealth fund ADQ, owns just over 90% of TAQA, which in recent years has been investing in companies and projects across several markets including the United States. TAQA's Masdar unit last year acquired a 50% stake in U.S. renewable energy firm Terra-Gen. The United Arab Emirates said this month it planned to raise its energy investments in the U.S. to $440 billion in the next decade, boosting U.S. President Donald Trump's efforts to secure major business deals on a Gulf tour. TAQA has said it aims to spend around $20 billion between 2023 and 2030 on organic and inorganic growth, aiming for 150 gigawatts of capacity by the end of that period, up from around 56 GW now. Thabet said that TAQA would generally prefer to acquire a fully integrated company with generation, networks and "a pipeline of growth". Asked about possible investment opportunities in Syria, where the lifting of U.S. sanctions has cleared the way for foreign investments, Thabet said it was too early, but that the company would monitor the situation. TAQA, which raised $1.75 billion from a bond sale last October, does not immediately need to raise more debt but might tap markets again if a large M&A deal materialises, he said. The firm has not held talks this year with Naturgy's shareholders about buying a stake in the Spanish utility after such discussions were abandoned nearly a year ago, Thabet said, contradicting a news report from March. He declined to comment on why talks to buy investor Criteria's 26.7% stake in Naturgy had broken down, saying only that there were "certain things that there was no agreement on". "And it's fine when there's no agreement. Everyone walks their way. And it's important that we focus on the future and other M&A opportunities."
