It’s About the Bottom Line
BY Mike Hofman
September 09 2008 11:00 PM ET
TJX Cos. Framingham, Mass.Financial snapshot: In August the retailer announced that its sales in the second quarter reached $4.6 billion, up 7% from the second quarter of 2007.
At a time when a number of major retailers are retrenching or even fending off bankruptcy, this Massachusetts-based merchandiser, known for its bargain pricing, has kept its finances in order. The company, which is parent to department stores T.J. Maxx and Marshall’s, among others, recently sold its Bob’s Stores unit to private equity firms, raising some eyebrows. (Why sell an asset in a down market?) Still, its stock is up, and analysts believe that the company is well-positioned to add customers as long as consumers remain bargain-minded.
Mitchell Gold + Bob Williams Taylorsville, N.C.Financial snapshot: The privately held furniture company has $100 million in annual sales. Though it does not disclose income, a spokesperson says the business remains profitable despite the current economic downturn.
This upscale furniture retailer is smaller than the other businesses on this list, and it’s in an industry that’s struggling. Still, corporate and retail job openings are listed on its website. And the company boasts a credential of particular interest to LGBT job seekers: two out gay co-owners, a former couple (in a red state, no less) who have run the business for nearly 20 years.
Covington & Burling Washington, D.C.Financial snapshot: This law firm is private and does not disclose gross billings.
A number of white-shoe law firms have received a 100 score on the HRC Corporate Equality Index. These elite firms are usually impervious to economic conditions, and many of them actively recruit gay law students. But just because they treat you fairly doesn’t mean they won’t ask you to sleep on the floor behind your desk once a week. If you have a choice, consider Covington. The firm has clients like Procter & Gamble and IBM, and it got a major lift this summer when Barack Obama tapped partner Eric Holder Jr. to help assemble his vice presidential short list from a suite of offices in Covington’s headquarters at 1201 Pennsylvania Ave.
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