Profile: TJX Companies Inc (TJX.N)
12 Dec 2013
The TJX Companies, Inc. (TJX), incorporated on May 12, 1987, is the off-price apparel and home fashions retailer in the United States and worldwide. As of January 28, 2012, the Company operated in four business segments. It has two segments in the United States, Marmaxx (T.J. Maxx and Marshalls) and HomeGoods; one in Canada, TJX Canada (Winners, Marshalls and HomeSense) and one in Europe, TJX Europe (T.K. Maxx and HomeSense). As a result of the consolidation of the A.J. Wright chain, all A.J. Wright stores ceased operations by the end of February 2011. It completed the consolidation of A.J. Wright, converting 90 of the A.J. Wright stores to T.J. Maxx, Marshalls or HomeGoods banners and closed the remaining 72 stores, two distribution centers and home office. In December 2012, the Company acquired Sierra Trading Post, an off-price Internet retailer.
T.J. Maxx and Marshalls (referred to together in the United States as Marmaxx) is off-price retailer in the United States with a total of 1,867 stores as of January 28, 2012. Both chains sell family apparel (including footwear and accessories), home fashions (including home basics, accent furniture, lamps, rugs, wall decor, decorative accessories and giftware) and other merchandise. TJX differentiates T.J. Maxx and Marshalls through different product assortment (including an assortment of fine jewelry and accessories and a designer section called The Runway at T.J. Maxx and a line of footwear, men’s offering and a juniors’ department called The Cube at Marshalls), in-store initiatives, marketing and store appearance. HomeGoods is the off-price retailer of home fashions in the United States. Through its 374 stores, the chain offers a range of home basics, giftware, accent furniture, lamps, rugs, wall decor, decorative accessories, children’s furniture, seasonal and other merchandise.
Winners is the off-price apparel and home fashions retailer in Canada. The merchandise offering at its 216 stores across Canada is comparable to T.J. Maxx and Marshalls. In March 2011, the Company introduced the Marshalls chain to Canada, and opened a total of six Canadian Marshalls stores during the fiscal year ended January 28, 2012. Like Marshalls in the United Stated, TJX’s Canadian Marshalls stores offer a footwear department and a juniors’ department called The Cube, differentiating it from the Winners chain. HomeSense chain has 86 stores with a merchandise mix of home fashions similar to HomeGoods.
T.K. Maxx is the off-price retailer of apparel and home fashions in Europe. With 332 stores, T.K. Maxx operates in the United Kingdom and Ireland, as well as Germany and Poland. Through its stores and online Website, T.K. Maxx offers a merchandise mix similar to T.J. Maxx, Marshalls and Winners. HomeSense brought the home fashions off-price concept to Europe, opening in the United Kingdom. Its 24 stores offer a merchandise mix of home fashions in the United Kingdom similar to that of HomeGoods in the United States and HomeSense in Canada.
TJX Companies Inc
770 Cochituate Road
FRAMINGHAM MA 01701