The TJX Companies, Inc. is the leading off-price retailer of apparel and home fashions in the U.S. and worldwide, ranking No. 108 in the most recent Fortune 500 listings. With $27.4 billion in revenues in 2013, more than 3,200 stores in 6 countries, 3 e-commerce sites, and approximately 191,000 Associates, we see ourselves as a global, off-price, value retailer. We operate T.J. Maxx and Marshalls (combined, The Marmaxx Group), HomeGoods and Sierra Trading Post, as well as tjmaxx.com and sierratradingpost.com, in the United States; Winners, HomeSense, and Marshalls (combined, TJX Canada) in Canada; and T.K. Maxx in the United Kingdom, Ireland, Germany, and Poland, as well as HomeSense and tkmaxx.com in the U.K. (combined, TJX Europe).
Our off-price mission is to deliver great value to customers through the combination of fashion, brand, quality and price. We operate with a rapidly changing assortment of brand name and designer merchandise at prices generally 20%-60% below department and specialty store regular prices on comparable merchandise, every day. With our value proposition and exciting treasure-hunt shopping experience, we believe that our demographic reach is among the widest in retail as we attract a broad range of fashion and value conscious customers across many income levels and demographic groups.
In our 37-year history, we have delivered steady sales and earnings growth and some of the highest returns on investment in retail. We have seen only one year with an annual comparable store sales decline. We believe that we operate one of the most flexible business models in the world and year after year, our great flexibility has enabled us to succeed through various economic and business environments. Our stores have no walls between departments, which enables us to expand and contract merchandise categories to respond to market trends and customers’ changing tastes. Our inventories turn rapidly, which allows us to buy close to need, with visibility into current fashion and pricing trends. We source merchandise globally from over 16,000 vendors in more than 75 countries and operate more like a “sourcing machine” than most retailers. We see ourselves as leaders in innovation, constantly testing new ideas, seeking the right categories, current fashions and top brands, and leveraging information from our worldwide buying presence. Further, our financial strength gives us the strong foundation and flexibility to grow our business and simultaneously return value to shareholders. These are some of the key factors that give us great confidence in our continued ability to increase sales and profitability as we grow globally.