TJX COMPANIES INC /DE/ (TJX)

The TJX Companies, Inc. is the leading off-price apparel and home fashions retailer in the United States and worldwide. It operates over 5,200 stores and six branded e-commerce sites offering brand name and designer merchandise at prices generally 20% to 60% below full-price retailers' regular prices on comparable merchandise. Its model rests on opportunistic buying, lean and rapidly turning inventory, flexible store layouts, and a "treasure hunt" shopping experience meant to encourage frequent visits. It does not run promotional pricing such as sales or coupons.

TJX reports four segments. Marmaxx (TJ Maxx and Marshalls in the U.S., 2,603 stores) sells family apparel, footwear, accessories, home fashions and other merchandise, and operates tjmaxx.com and marshalls.com. The Sierra business, whose results are included in Marmaxx, sells active and outdoor apparel, footwear and gear through 145 stores and sierra.com. HomeGoods operates 963 HomeGoods and 79 Homesense stores in the U.S., selling furniture, rugs, lighting, soft home, decorative accessories, tabletop, cookware, and pet and gourmet food. TJX Canada runs Winners (316 stores), HomeSense (162) and Marshalls (111). TJX International runs TK Maxx in Europe (673 stores in the U.K., Ireland, Germany, Poland, Austria and the Netherlands, with Spain starting in March 2026), Homesense in the U.K. and Ireland (74 stores), and TK Maxx in Australia (88 stores). TK Maxx also operates e-commerce sites in the U.K., Germany and Austria.

The company serves a broad range of customers across income levels, in the U.S., Canada, Europe and Australia. Sales are seasonal, with higher sales and income in the second half of the year, which includes the back-to-school and holiday seasons. Management estimates long-term store potential of about 7,000 stores in its current geographies, and expansion through new stores remains a key part of its growth strategy.

TJX buys from approximately 21,000 vendors in more than 100 countries through a buying organization of over 1,400 Associates with offices around the world. Its sources include closeouts, order cancellations, overruns and special production, along with packaway purchases for future seasons and a small share of in-house or licensed brands. It operates distribution centers of about 31 million square feet in six countries, some run by third parties, and had about 377,000 Associates at January 31, 2026. It competes with local, regional, national and international department, specialty, off-price, discount, warehouse and outlet stores, as well as online sellers. Its principal trademarks include TJ Maxx, Marshalls, HomeGoods, Winners, Homesense/HomeSense, TK Maxx and Sierra. TJX is headquartered in Framingham, Massachusetts.