TJX CEO Ernie Herrman expressed optimism in countering the challenges brought on by the COVID – 19 pandemic. The apparel and home fashions retailer registered a net loss of $887 million in the first quarter owing to the temporary closure of its stores around the world.

The TJX CEO pointed to the company’s 43-year rich history to assure stakeholders of its ability to emerge stronger through the current crisis. He also mentioned that the senior management is committed to improve the long-term stability of the company.

TJX confirmed that it has reopened about 1600 stores and is seeing strong sales happen again. The retailer operates 4500 stores worldwide.