The TJX Companies is a global leader in off-price retailing of apparel and home goods, offering a constantly changing assortment of brand-name merchandise at 20% to 60% below retail prices.

# Summary of What The TJX Companies Does

## Business Overview
- **Leading Off-Price Retailer** providing apparel and home fashions both in the U.S. and internationally.
- Operates over **5,000 stores** and maintains **six branded e-commerce websites**.
- Offers a **constantly changing assortment** of brand name, designer, and fashionable merchandise at **20% to 60% below regular retail prices**.
- **Mission:** To deliver **great value to customers daily** by emphasizing **brand, fashion, price, and quality**.
- **Business Model:** Utilizes **opportunistic buying strategies** and a **flexible store layout** to create a "treasure hunt" shopping experience, fostering **frequent customer visits** and **impulse purchases**.

## Business Segments & Brands
1. **Marmaxx (U.S.)**:
   - Includes **TJ Maxx** (largest off-price in US), **Marshalls**, and Sierra Trading Post.
   - **Stores**: 2,563 stores combined.
   - Sells **family apparel, footwear, accessories, home fashions** (furniture, decor, giftware).
   - **E-commerce**: tjmaxx.com, marshalls.com.
   - **Sierra**: 117 stores, active/outdoor gear, pet supplies.

2. **HomeGoods (U.S.)**:
   - Operates **HomeGoods** and **Homesense**.
   - **Stores**: 943 (HomeGoods), 72 (Homesense).
   - Offers **eclectic home fashions**: furniture, rugs, lighting, decor, kitchenware, pet, gourmet food.

3. **TJX Canada**:
   - Includes **Winners**, **HomeSense**, and **Marshalls**.
   - **Stores**: 307 Winners, 160 Homesense, 109 Marshalls.
   - Focuses on **off-price apparel and home merchandise**.

4. **TJX International (Europe & Australia)**:
   - Operates **TK Maxx** (main brand), **Homesense** (home fashions), and **TK Maxx Australia**.
   - **Stores**: 655 (Europe), 75 (Homesense), 84 (Australia).
   - **Presence**: U.K., Ireland, Germany, Poland, Austria, Netherlands, Australia.
   - Follows similar off-price model, with merchandise **similar to U.S. TJX**.

5. **Other Operations**
   - **Sierra** (U.S. only): 117 stores, active/outdoor gear, pet.
   - **Supply Chain**: Operates distribution centers (~30 million sq. ft across 6 countries).

## Customers & Employees
- **Customer Reach**: Broad demographics across income levels.
- **Number of Employees**: Approximately **364,000 associates** (many part-time, including seasonal staffing).
- **Customer Traffic**: Encouraged by constantly fresh inventory and store layouts to foster **frequent visits** and a **"treasure hunt" shopping experience**.

## Financial Highlights (Fiscal 2025)
- **Revenue (Net Sales)**: $56.4 billion **(up 4%)** from $54.2 billion in FY 2024.
- **Net Income**: **$4.9 billion** (up from $4.5 billion in FY 2024).
- **Earnings Per Share (Diluted)**: **$4.26** (up from $3.86 in FY 2024).
- **Pre-Tax Profit Margin**: **11.5%**.
- **Store Count & Square Footage Growth**:
  - Total stores: **5,085**.
  - Store count increased by **approximately 3%**.
  - Total selling square footage increased by **about 2%**.
- **Customer Engagement**: 
  - **Comp store sales** increased **4%**.
  - Focused on increasing **customer transactions**.
- **Shareholder Returns**:
  - Returned **$4.1 billion** via **share repurchases and dividends**.

## Key Strategies
- Maintain **flexible buying** and **inventory management** to quickly react to market opportunities.
- Offer **value-driven merchandise** with sustained **price advantages**.
- Grow selectively through **new store openings** and **international expansion**.
- Invest in **supply chain**, **technology**, and **digital platforms**.
- Foster **diversity and inclusion** across a large global workforce.
- Rely on **effective risk management** including **cybersecurity** and **compliance**.

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**In summary:** The TJX Companies operates as a global leader in off-price retailing of apparel and home goods, leveraging a highly flexible, opportunistic buying approach, broad geographic presence, a large workforce, and a strategic focus on offering high-value merchandise at significantly lower prices to a diverse customer base.

TJX Companies, Inc. is the world's leading off-price retailer of apparel and home fashions, known for offering quality, brand-name merchandise at significant discounts compared to traditional retailers.

# TJX Companies, Inc. Overview

## Business Summary
The TJX Companies, Inc., together with its subsidiaries, is the world's leading off-price retailer of apparel and home fashions. The company operates through a flexible business model and opportunistic buying strategy, offering quality, brand-name merchandise at prices typically 20% to 60% lower than traditional retailers.

### Mission
TJX's mission is to deliver great value to customers every day by providing a rapidly changing selection of fashionable and quality merchandise.

## Store Operations
- **Total Stores**: Over 4,900 stores globally.
- **Segments**:
  - **Marmaxx**: Comprises TJ Maxx and Marshalls in the U.S. (2,516 stores).
  - **HomeGoods**: Operates HomeGoods and Homesense (974 stores).
  - **TJX Canada**: Includes Winners, HomeSense, and Marshalls in Canada (566 stores).
  - **TJX International**: Comprises TK Maxx and Homesense in Europe and TK Maxx in Australia (803 stores).
  - **Sierra**: An off-price retailer of active and outdoor apparel with 95 stores.

## Online Presence
- Operates six branded e-commerce sites (including tjmaxx.com and marshalls.com) providing an online shopping experience.

## Financial Overview
- **Employees**: Approx. 349,000 Associates worldwide, with 85% working in retail stores.
- **Fiscal Year**: As of February 3, 2024, and data based on fiscal 2023 (52 weeks ending January 28, 2023).
- **Revenue**: TJX is recognized for generating significant annual revenue through a robust sales model attributed to its extensive store network and optimized supply chain management.
- **Income**: While specific income figures were not detailed in the overview, TJX continues to thrive due to its cost-effective operations, competitive pricing strategy, and strong customer loyalty.

## Competitive Edge
- **Treasure Hunt Shopping Experience**: The company's distinctive shopping experience encourages customer visits and brand loyalty.
- **Flexible Business Model**: Allows TJX to adjust its merchandise mix rapidly, optimizing inventory according to current trends and consumer demand.

## Marketing & Customer Engagement
- Primarily focuses on promoting retail banners rather than individual products to maintain low advertising costs.
- Uses various marketing channels to drive customer awareness and interest in its stores.

## Operational Strengths
- Efficient logistics, distribution network, and low-cost operations contribute to the company’s ability to provide compelling values to its customers.
- Regularly reviews inventory management practices to ensure quick turnover and maintain an exciting in-store experience.

### Conclusion
TJX Companies, Inc. stands as a prominent player in the off-price retail segment, leveraging its vast store presence, agile supply chain, and customer-centric approach to deliver exceptional value and maintain a competitive edge in retailing.

TJX COMPANIES INC /DE/

10-K / April 2, 2025

10-K / April 3, 2024

10-K / April 2, 2025

Summary of What The TJX Companies Does

Business Overview

Business Segments & Brands

Customers & Employees

Financial Highlights (Fiscal 2025)

Key Strategies