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Joined: Feb 2010
Posts: 3,842
Campfire Tracker
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OP
Campfire Tracker
Joined: Feb 2010
Posts: 3,842 |
TJX owns TJ Maxx, Marhsalls, and now Sierra Trading Post. http://www.fool.com/investing/general/2012/12/21/news-tjx-buys-sierra-trading-post-for-200m.aspxTJX Buys Sierra Trading Post for $200 Million On Friday, TJX (NYSE: TJX ) , announced it has paid approximately $200 million to acquire privately held popular Internet retailer Sierra Trading Post. TJX noted that while it expects the purchase to be accretive to fiscal 2014 earnings (the company's currently in the middle of its fiscal Q4 2013 quarter ), the amount of extra earnings will not be "material." TJX noted in a statement that Sierra Trading Post generates more than $200 million in sales annually, and is profitable. As a result, TJX is paying about the equivalent of annual sales for the company, a significant discount to TJX's own valuation of 1.2 times annual sales. TJX shares were down slightly less than the rest of the market today, off 0.8% at $42 per share.
Quando omni flunkus moritati
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Joined: Nov 2008
Posts: 4,201
Campfire Tracker
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Campfire Tracker
Joined: Nov 2008
Posts: 4,201 |
Well, there go the good deals at STP.
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Joined: Feb 2010
Posts: 3,842
Campfire Tracker
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OP
Campfire Tracker
Joined: Feb 2010
Posts: 3,842 |
That's what I'm afraid of...
Quando omni flunkus moritati
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Joined: Feb 2009
Posts: 6,264
Campfire Tracker
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Campfire Tracker
Joined: Feb 2009
Posts: 6,264 |
Or they'll just use it as the outlet for their little girls clothes and drop the outdoor gear
"For some unfortunates, poisoned by city sidewalks ... the horn of the hunter never winds at all" Robert Ruark, The Horn of the Hunter
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Joined: Sep 2003
Posts: 23,406
Campfire Ranger
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Campfire Ranger
Joined: Sep 2003
Posts: 23,406 |
tjx is solid. they exist to make money. doubt much will change for the worse
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Joined: Sep 2009
Posts: 13,860
Campfire Outfitter
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Campfire Outfitter
Joined: Sep 2009
Posts: 13,860 |
Sierra Trading Post WAS a Christian-owned company, with an absolutely stellar record for customer service. We'll see. Sometimes "the bottom line" and taking care of the customer do conflict with one another.
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Joined: Jan 2004
Posts: 11,382
Campfire Outfitter
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Campfire Outfitter
Joined: Jan 2004
Posts: 11,382 |
Wife buys quite a bit of stuff from TJ Maxx in our local mall. They seem to carry a lot of last years models at pretty deep discounts, kind of what I've seen at STP.
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Joined: Nov 2002
Posts: 33,690
Campfire 'Bwana
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Campfire 'Bwana
Joined: Nov 2002
Posts: 33,690 |
To be added to the long list of places "we" can no longer shop... Silly [bleep]...
Conduct is the best proof of character.
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Joined: Mar 2012
Posts: 6,519
Campfire Tracker
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Campfire Tracker
Joined: Mar 2012
Posts: 6,519 |
Bad news for Cheyenne. I bet they move the headquarters out of Wyoming...
"And for the support of this Declaration, with a firm reliance on the protection of divine Providence, we mutually pledge to each other our Lives, our Fortunes and our sacred Honor." ![[Linked Image]](http://www.rockymtnrefl.com/TetonFenceBarncd1985987.jpg)
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Joined: Apr 2004
Posts: 3,878
Campfire Tracker
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Campfire Tracker
Joined: Apr 2004
Posts: 3,878 |
Was just in the Cody store buying Christmas gifts this evening. Hope it doesn't change for the worst. The wife tells me that TJmax stores seem to be dirty and disorganized. I hope they don't fix what isn't broke. I also hope they stick with the good business model of customer service that STP set.
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