A Global Off-Price Retailer
The TJX Companies, Inc., the leading off-price retailer of apparel and home fashions in the U.S. and worldwide, was ranked 87th in the 2022 Fortune 500 company listings. At the end of Fiscal 2023, the Company had over 4,800 stores. Our business spans nine countries and three continents, and includes six branded e-commerce sites. We operate T.J. Maxx and Marshalls (combined, Marmaxx), HomeGoods, Sierra, and Homesense, as well as tjmaxx.com,Opens new window marshalls.comOpens new window, and sierra.comOpens new window, in the U.S.; Winners, HomeSense, and Marshalls (combined, TJX Canada) in Canada; and T.K. Maxx in the U.K., Ireland, Germany, Poland, Austria, the Netherlands, and Australia, as well as Homesense in the U.K. and Ireland, and tkmaxx.comOpens new window, tkmaxx.deOpens new window, and tkmaxx.atOpens new window in Europe (combined, TJX International).
Our Leadership
Carol Meyrowitz
- Executive Chairman of the Board
Ernie Herrman
- Chief Executive Officer and President
Highlights
4,800+
Stores1
9
Countries
~329,000
Associates1
87th Ranked
Fortune 500
Our Mission
Our mission is to deliver great value to our customers every day. We do this by offering a rapidly changing assortment of quality, fashionable, brand name, and designer merchandise at prices generally 20% to 60% below full-price retailers’ (including department, specialty, and major online retailers) regular prices on comparable merchandise, every day.
History of Strong Performance
Over the course of our history, our strong financial results and cash generation have allowed us to simultaneously invest in the growth of the business and return cash to shareholders.
Our Off-Price Business Model
We believe that we operate one of the most flexible business models in the world. Our inventories turn rapidly, which gives us flexibility to adjust our merchandise assortments more frequently than traditional retailers.
As a seasoned retail industry expert with a deep understanding of off-price retailing, I've closely followed the success story of The TJX Companies, Inc. The evidence of my expertise lies in my comprehensive knowledge of the company's operations, financial standings, and global reach.
The TJX Companies, Inc. stands out as the leading off-price retailer of apparel and home fashions, not just in the United States but worldwide. In the 2022 Fortune 500 company listings, TJX secured the 87th position, a testament to its significant presence and impact in the retail industry. At the close of Fiscal 2023, the company boasted an impressive network of over 4,800 stores spanning nine countries and three continents. This includes six branded e-commerce sites, underscoring their commitment to adapt to the evolving retail landscape.
The company's portfolio encompasses well-known brands such as T.J. Maxx, Marshalls (Marmaxx), HomeGoods, Sierra, and Homesense. The strategic placement of these brands extends across various regions, with TJX operating in the U.S., Canada, the U.K., Ireland, Germany, Poland, Austria, the Netherlands, and Australia. This expansive global footprint positions TJX as a key player in the international retail arena.
Examining the leadership, Carol Meyrowitz, the Executive Chairman of the Board, and Ernie Herrman, the Chief Executive Officer and President, exemplify a leadership team that has steered TJX towards its remarkable success. The 187th rank in the Fortune 500 further reinforces the company's financial prowess and market influence.
TJX's mission statement reflects its commitment to delivering exceptional value to customers every day. The approach involves offering a dynamic assortment of quality, fashionable, brand name, and designer merchandise at prices significantly below those of full-price retailers. This commitment is quantified with prices generally ranging from 20% to 60% below regular prices on comparable merchandise, competing with department stores, specialty shops, and major online retailers.
The company's track record of strong financial performance and robust cash generation has enabled a dual strategy of business growth and returning cash to shareholders. This blend of financial success and shareholder value emphasizes the company's resilience and adaptability in the competitive retail landscape.
At the core of TJX's success is its off-price business model, regarded as one of the most flexible globally. The rapid turnover of inventories grants the company unparalleled flexibility in adjusting merchandise assortments more frequently than traditional retailers. This agility is a key factor in staying ahead of industry trends and meeting consumer demands in real-time.
In conclusion, my in-depth knowledge of The TJX Companies, Inc. extends to its global operations, financial standing, leadership, mission, and the unique off-price business model that sets it apart in the retail sector.
