About Us

About Us

The TJX Companies, Inc. is the leading off-price retailer of apparel and home fashions in the United States and worldwide and ranked 131 in the most recent Fortune 500 rankings. With $19 billion in revenues in 2008, more than 2,600 stores and approximately 133,000 Associates, our off-price mission is to deliver a rapidly changing assortment of quality, brand name merchandise at prices that are 20-60% less than department and specialty store regular prices, every day. TJX's off-price concepts include T.J. Maxx, Marshalls, HomeGoods, and A.J. Wright in the U.S., Winners, HomeSense and STYLESENSE in Canada, and T.K. Maxx and HomeSense in Europe.

TJX has become synonymous with value and during difficult and robust times, we believe that great value has and will continue to be increasingly important to consumers. The exciting treasure-hunt experience of shopping for our great off-price fashions, whether apparel or home at excellent values, attracts a passionate and loyal customer base. Our target customer includes the middle- to upper-middle-income shopper, who is fashion and value conscious and fits the same profile as a department or specialty store shopper; A.J. Wright is oriented to the more moderate-income market.

Our Company has one of the most flexible business models in the world and great financial strength. In the difficult environment that we faced in 2008, we held our own compared to most other retailers as our flexible business model allowed us to react quickly and strategically when the economy dropped dramatically in the fall. We continued to deliver great value, despite the extremely promotional environment, and customer traffic increased as new customers gravitated toward us and found our values to be compelling. In 2009, we believe the economic environment will remain uncertain and we are taking a conservative approach to running our business. Our strategies include planning comparable store sales conservatively, maintaining very lean inventories, and significantly reducing costs. However, our long-term vision to grow as a global off-price/value Company remains unwavering. We are capitalizing on the flexibility in our business to take actions today that will help us weather the recession and position us well to emerge in an even stronger position when times improve. We are building our customer and vendor bases for the future and taking advantage of real estate opportunities that this environment presents with a methodical approach.

At TJX, our financial strength and flexibility have always been cornerstones of our success. In this uncertain economic environment, we believe it is wise to manage our strong balance sheet and cash position to preserve our flexibility. We have one of the strongest credit ratings in retail and this, along with our financial flexibility, positions us well to respond to the challenges of the difficult environment and to take advantage of opportunities it may present.

We have a management team and organization dedicated and determined to manage through these challenging times and build upon opportunities for the future. If our 30-year history is any indication, we will meet the challenges of the coming year successfully and emerge from this recession as an even stronger Company. Although the environment continues to present challenges, we remain confident in our ability to successfully grow TJX as a global off-price/value Company.

May 2009