The Ticker

TJX Cos. shares drop

Shares of TJX Cos. Inc. fell 7.62 percent yesterday to $53.95 after the Framingham owner of T.J. Maxx, Marshalls and HomeGoods missed first-quarter earnings estimates for the first time in five years and lowered the high end of its full-year outlook.

The off-price retailer's sales climbed 4.9 percent to $6.49 billion — missing Wall Street's average estimate of $6.60 billion — on weaker clothing sales.

TJX plans to significantly increase its marketing this quarter and expand its loyalty program to include a non-credit-card choice. It also plans to open its first stores in Austria next year.

Investors also unloaded shares in several other big retail chains, dragging down U.S. stocks and wiping out small gains from a day earlier. Disappointing earnings from Dick's Sporting Goods, Urban Outfitters and others triggered the selling spree.

Cupcake co. opening on Charles Street

Boston's Sweet Cupcakes is petitioning the city's Licensing Board to open a fifth location at 81 Charles St. on Beacon Hill — the site of celebrity chef Todd English's former Isabelle's CurlyCakes. English had opened the cupcake shop in 2010 with his daughter, Isabelle, but it closed in January for "renovations" and never reopened.

Hotel Commonwealth named
official hotel of the Red Sox

The Hotel Commonwealth in Kenmore Square has been named the official hotel of the Boston Red Sox. The 149-room luxury hotel, a fervent supporter of the team and home to some of the city's top dining and drinking establishments, will use the new four-year partnership to connect Boston visitors with exclusive Red Sox excursions, from group ticket packages to batting practice visits to VIP seating and events — even a package honoring pitcher Jon Lester.

Today

 Federal Reserve releases minutes from April interest-rate meeting.

TOMORROW

 Labor Department releases weekly jobless claims.

 National Association of Realtors releases existing home sales for April.

 Freddie Mac, the mortgage company, releases weekly mortgage rates.

 Conference Board releases leading indicators for April.

THE SHUFFLE

TD Bank has promoted Jennifer L. Swift to assistant vice president, store manager of the branch located on Route 6A in Sandwich. She is responsible for new business development, consumer and business lending, managing personnel and overseeing the day-to-day operations at the branch. Swift has eight years of retail banking experience at TD Bank.

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