Growing a Global, Off-Price Value Company

Our vision is to grow TJX as a global, off-price value Company. We believe we can add approximately 1,500 stores to our existing concepts alone – that’s before expanding our new seeds for growth or into new countries. In the U.S., Marmaxx has growth opportunities in big and small markets, and with more differentiation between T.J. Maxx and Marshalls than ever before, customers have great reasons to shop both chains. HomeGoods is now the destination for truly unique home fashions and we believe has plenty of growth ahead of it. We are confident in the continued roll out of A.J. Wright, which, with its huge moderate-income target customer demographic, has enormous growth potential. With a proven track record of successful growth in the U.S., can we grow successfully internationally? Been there, done that! In Canada, we started as a five-store chain in 1990 and today, are Canada’s premier off-price retailer. We brought the off-price concept to the U.K. 15 years ago, and now, T.K. Maxx is the 7th largest fashion retailer in that country. Today, over 20% of our sales and profits are outside the U.S. and growing. As far as we have come internationally, we believe we have even further to go. We are off to a great start in Germany, the 4th largest economy in the world, where we opened our first stores in 2007. We might be new to Germany, but Germany is not new to us – our buyers have been there for 10 years and we thoroughly understood the marketplace before entering. In 2009, we expanded into Poland, the EU’s 9th largest economy, which has a young and fashion-savvy population. We have built a pan-European structure which is supporting our growth and enabling us to gain cost leverage, and we are tapping Europe’s best retail talent. The global retail landscape is wide open to off-price and we sell to a broader customer demographic in international markets as there is almost no middle tier of retailing in those markets. International growth - it’s good for TJX!

Click here to view our International Growth Video