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On Wednesday, February 24, 2010, Discount retailer TJX Companies Inc. (NYSE:TJX) uncovered striving plans to expand, saying the company beloved by bargain hunters could ultimately double in size. The announcement came after the owner of T.J. Maxx and
"We believe there has been a paradigm shift among customers to value," President and CEO Carol Meyrowitz told investors during a conference call. "We expect the economic recovery will be muted. And our history shows that after a recession, our new customers stick with us. Regardless of whether the economy is weak or strong, value isn't going out of style."
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