The power of the off-price concept itself is at the core of TJX’s success as the world’s leader in off-price retailing. Our compelling values and rapidly changing assortments of quality, brand name apparel and home fashions have great customer appeal. Our concept has stood the test of time, working well in both favorable and unfavorable economic and retail environments.

The synergies that run through all TJX divisions set us apart as a retail leader. Because all of our concepts operate with the same philosophies, strategies and systems, we are able to capitalize upon best practices, transfer people from one division to another and grow new divisions efficiently and effectively.

A major competitive advantage that TJX possesses is the expertise of our many associates who have decades of off-price experience and have had long careers with TJX. Our large and seasoned buying organizations, along with our internally developed inventory management systems and distribution networks, give us even greater competitive advantages.

Two other factors that contribute to our leadership position are our presence in home fashions and our international success. With approximately $2 billion of consolidated sales in home fashions, we are one of the largest retail forces in this product line. With 10% of our top line and 9% of our operating profits coming from international operations, we compare very favorably to other retailers. Finally, we believe that we owe a good deal of our leadership status to our many solid relationships within our vendor community, most of which have been in place for many years.