The TJX Companies, Inc., together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States and worldwide.
The company has various stores and various branded e-commerce sites that offer 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. Th...
The TJX Companies, Inc., together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States and worldwide.
The company has various stores and various branded e-commerce sites that offer 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. The company offers a treasure hunt shopping experience and a rapid turn of inventories relative to traditional retailers. The company reaches a broad range of customers across income levels with its value proposition on a wide range of items.
Businesses
The company operates its business in four segments: Marmaxx and HomeGoods, both in the U.S., TJX Canada and TJX International, including Europe and Australia. In addition to its four segments, the company operates the Sierra business. The results of Sierra are included with the Marmaxx segment.
MARMAXX
The company’s TJ Maxx and Marshalls chains in the United States (‘Marmaxx’) are collectively the largest off-price retailer in the United States with various stores. The company acquired Marshalls in 1995. Both chains sell family apparel (including footwear), accessories (including beauty and jewelry), home fashions (including home basics, decorative accessories and giftware), and other merchandise. The company primarily differentiates TJ Maxx and Marshalls through different product assortment, including an expanded assortment of jewelry and accessories and a high-end designer department called The Runway at TJ Maxx and a full line of footwear and a broader men’s offering at Marshalls, as well as varying in-store initiatives. This differentiated shopping experience at TJ Maxx and Marshalls encourages the company’s customers to shop both chains. Marmaxx operates two e-commerce sites, tjmaxx.com, launched in 2013, and marshalls.com, launched in 2019.
Sierra, acquired in 2012 and rebranded from Sierra Trading Post in 2018, is a leading off-price retailer of brand name active and outdoor apparel, footwear, and gear (including sporting goods, snow and water sport, camping, fishing) for the whole family, as well as home fashions and pet. Sierra operates various retail stores in the U.S. and sierra.com.
HomeGoods
The company’s HomeGoods segment operates HomeGoods and Homesense chains in the U.S. HomeGoods is the leading off-price retailer of home fashions in the U.S. Through its various stores, HomeGoods offers an eclectic assortment of home fashions, including furniture, rugs, lighting, soft home, decorative accessories, tabletop and cookware, as well as expanded pet and gourmet food departments. In 2017, the company launched its Homesense chain in the U.S. The company’s various Homesense stores complement HomeGoods, offering a differentiated mix and expanded departments, such as large furniture, ceiling lighting, rugs, and an entertaining marketplace.
TJX Canada
The company’s TJX Canada segment operates the Winners, HomeSense and Marshalls chains in Canada. Winners, acquired by TJX in 1990, operates various stores and is the leading off-price family apparel and home fashions retailer in Canada. HomeSense introduced the off-price home fashions concept to Canada in 2001. This chain operates various stores and offers an array of home decor, furniture, and seasonal home merchandise. Marshalls, launched in Canada in 2011, operates various stores and offers off-price family apparel, footwear, and home fashions.
TJX International
The company’s TJX International segment operates the TK Maxx and Homesense chains in Europe and the TK Maxx chain in Australia. Launched in 1994, TK Maxx introduced off-price retail to Europe and remains Europe’s largest major brick-and-mortar off-price retailer of apparel and home fashions. With various stores in Europe, TK Maxx operates in the U.K., Ireland, Germany, Poland, Austria and the Netherlands. Through its stores and its e-commerce sites, tkmaxx.com, launched in 2009 and tkmaxx.de and tkmaxx.at, both launched in 2023, TK Maxx offers a merchandise mix similar to TJ Maxx. The company brought the off-price home fashions concept to Europe, opening Homesense in the U.K. in 2008 and in Ireland in 2017. Its various stores offer a merchandise mix of home fashions similar to that of HomeGoods in the U.S. and HomeSense in Canada. The company acquired Trade Secret in Australia in 2015 and re-branded it under the TK Maxx name during 2017. The merchandise offering at TK Maxx in Australia's various stores is comparable to TJ Maxx.
Distribution
The company operates distribution centers encompassing approximately 30 million square feet in six countries. These centers are generally large, and built to suit the company’s specific, off-price business model, with a combination of automated systems and manual processes to manage the variety of merchandise it acquires. The company ships substantially all its merchandise to the company’s stores through a network of distribution centers, fulfillment centers and warehouses as well as shipping centers operated in many cases by third parties.
Store Growth
Expansion of the company’s business through the addition of new stores continues to be an important part of its global growth strategy.
Some of the company’s home fashion stores are co-located with one of its apparel stores in a combo or superstore format. The company counts each of the stores in the combo or superstore format as a separate store.
Trademarks
The company has the right to use its principal trademarks and service marks, which are TJ Maxx, Marshalls, HomeGoods, Winners, Homesense/HomeSense, TK Maxx and Sierra, in relevant countries.
Seasonality
The company’s business is subject to seasonal influences. In the second half of the year, which includes the back-to-school and year-end holiday seasons, it generally realizes higher levels of sales and income.
History
The TJX Companies, Inc. was incorporated in 1962.