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TJX To Cut $150 Million In Expenses

TJX is cutting $150 million in expenses to cope with the volatile retail market.

The Framingham-based discount retailer says it will freeze open positions, offer some early retirement packages, cut back on corporate travel and eliminate merit pay increases for most employees.

TJX says it's taking a "very conservative" approach to the bad economy, even though sales were up four percent last year.

This program aired on February 26, 2009. The audio for this program is not available.

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