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Company

A Global Off-Price Retailer


The TJX Companies, Inc., the leading off-price apparel and home fashions retailer in the U.S. and worldwide, was ranked 97 in the 2021 Fortune 500 company listings. At the end of 2020, the Company had more than 4,500 stores in nine countries, four e-commerce sites, and approximately 320,000 Associates. We operate T.J. Maxx and Marshalls (combined, Marmaxx), HomeGoods, Sierra, and Homesense, as well as tjmaxx.com, marshalls.com, and sierra.com, in the U.S.; Winners, HomeSense, and Marshalls (combined, TJX Canada) in Canada; and T.K. Maxx in the U.K., Ireland, Germany, Poland, Austria, the Netherlands, and Australia, as well as Homesense in the U.K. and Ireland, and tkmaxx.com in the U.K. (combined, TJX International).


Carol Meyrowitz

Carol
Meyrowitz
  • Executive Chairman of the Board

Ernie Herrman

Ernie
Herrman
  • Chief Executive Officer and President



Key Highlights


4,500+

Stores

9

Countries



4 E-comm

4 E-comm

websites



~320,000

Associates



97th Ranked

97th Ranked

Fortune 500






Our Mission


Our mission is to deliver great value to our customers every day.

We do this by offering an ever-changing assortment of quality, fashionable, brand name, and designer merchandise at prices generally 20% to 60% below full-price retailers’ (including department, specialty, and major online retailers) regular prices on comparable merchandise, every day. With our value proposition, we reach a broad range of fashion- and value-conscious consumers across many geographies, income levels, and demographic groups.

HISTORY OF STRONG PERFORMANCE


Over our four decades as a Company preceding the global health pandemic in 2020, we delivered steady sales and earnings growth through many retail and economic environments across different geographies. Throughout our history before COVID, our strong financial returns and cash generation historically allowed us to simultaneously invest in the growth of the business and return cash to shareholders for decades. The year 2020 was unprecedented, with us temporarily closing our stores, distribution centers, e-commerce sites, and offices due to COVID and then reopening our operations again while prioritizing the health and safety of our Associates, customers, and communities. While our 2020 financial performance was negatively impacted due to the temporary store closures, when measuring sales across our stores for the periods they were open (“open only comp store sales”) we saw only a small year-over-year decline. Further, we ended the year with strong momentum in our business and are convinced that we will regain our customer traffic and sales once the health crisis is behind us. Our long track record gives us confidence to continue our successful growth over the long term.


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OUR OFF-PRICE BUSINESS MODEL


We believe that we operate one of the most flexible business models in the world. Our stores have no walls between departments, which enables us to expand and contract merchandise categories to respond to market trends and changing customer preferences. Our inventories turn rapidly, which allows us to buy close to need, with more visibility into current fashion and pricing trends. In 2020, we sourced merchandise globally from a universe of approximately 21,000 vendors and over 100 countries. Our world-class buying organization of over 1,100 Associates is constantly focused on seeking the right categories, fashions, and brands, while also testing new ideas. Our flexible business model, decades of off-price experience, and global sourcing and buying power have been major advantages throughout our history. We believe these characteristics of our business will continue to be our winning retail formula in the future.


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Careers


With stores and offices around the world, there is a breadth of opportunities at TJX to discover a career in retail.


DISCOVER YOUR NEXT MOVE





CORPORATE RESPONSIBILITY


We are committed to making a positive, sustainable impact on the world in which we live and conduct business.


DELIVERING REAL VALUE





INVESTOR INFORMATION


The TJX Companies, Inc. trades on the New York Stock Exchange (NYSE) under the symbol TJX.


RESEARCH TJX STOCK, FINANCIAL PERFORMANCE, AND SUCCESS FACTORS





Careers


With stores and offices around the world, there is a breadth of opportunities at TJX to discover a career in retail.


DISCOVER YOUR NEXT MOVE





CORPORATE RESPONSIBILITY


We are committed to making a positive, sustainable impact on the world in which we live and conduct business.


DELIVERING REAL VALUE





INVESTOR INFORMATION


The TJX Companies, Inc. trades on the New York Stock Exchange (NYSE) under the symbol TJX.


RESEARCH TJX STOCK, FINANCIAL PERFORMANCE, AND SUCCESS FACTORS




OUR BUSINESSES




As of January 30, 2021, which was the end of the Company’s fiscal year.