TJX Companies, Inc. (The)
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in mil. unless spec.Company Description
- CEO
- Ernie L. Herrman
- Full Time Employees
- 377,000
- Sector
- Retail trade
- Industry
- Apparel/Footwear retail
- Address
- 770 Cochituate Road Framingham MA United States 01701
- IPO Date
- Nov 17, 1965
- CIK
- 0000109198
- Website
- tjx.com
- Similar Companies
- Business
- The TJX Companies, Inc. (NYSE: TJX) operates as an off-price retailer of apparel and home fashions, acquiring merchandise from manufacturers' leftovers, overproduction runs, order cancellations, and closeouts to offer brand-name products at prices below full-price retailers. The company offers a diverse portfolio of family apparel including women's, men's, and children's clothing; footwear; accessories; jewelry; handbags; and gifts; as well as home fashions such as decorative textiles, tabletop items, accent furniture, lamps, rugs, decorative accessories, and giftware. Its core retail banners include T.J. Maxx and Marshalls in the U.S., Winners and HomeSense in Canada, TK Maxx in Europe and Australia, and Sierra in the U.S. outdoor segment, serving value-conscious consumers across middle-to-upper income demographics through more than 4,900 stores and e-commerce platforms. Founded in 1976 and headquartered in Framingham, Massachusetts, TJX conducts operations in nine countries across North America, Europe, and Australia, with significant presence in the U.S., Canada, the United Kingdom, Ireland, Germany, Poland, Austria, the Netherlands, and Australia. The company segments its business into Marmaxx (T.J. Maxx and Marshalls), HomeGoods, Sierra, and TJX Canada, alongside TJX International for European and Australian banners, targeting broad consumer markets with opportunistic buying strategies that enable deep discounts of 20% to 60% off original retail prices. In recent developments, TJX expanded its footprint through strategic real estate acquisitions, including the purchase of 28 former Bed Bath & Beyond leases in the U.S. in 2023 and additional properties in 2024 to support new store openings. The company reported robust growth in fiscal 2025, with comparable store sales increases and plans to open approximately 150 new stores globally, reflecting ongoing international expansion particularly in Europe and Australia. TJX also strengthened its e-commerce capabilities across banners and maintained a strong balance sheet, repurchasing over $2 billion in shares amid favorable off-price sector dynamics.
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