The TJX Companies, Inc., the leading off-price retailer of apparel and home fashions in the U.S. and worldwide, is ranked 85 among Fortune 500 companies. At the end of 2017,1 the Company had over $35 billion in revenues, more than 4,000 stores in 9 countries, 3 e-commerce sites, and approximately 249,000 Associates. We operate T.J. Maxx and Marshalls (combined, Marmaxx), HomeGoods, Sierra Trading Post, and Homesense, 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, 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).
We see ourselves as a global, off-price, value retailer and our mission is to deliver great value to our customers every day. We do this by offering a rapidly changing assortment of quality, fashionable, brand name, and designer merchandise generally 20% to 60% below full-price retailers’ (including department, specialty, and major online retailers) regular prices on comparable merchandise. With our value proposition, we reach a broad range of fashion- and value-conscious customers across many income levels and demographic groups.
In our history as a Company, we have delivered steady sales and earnings growth and some of the highest returns on investment we have seen in retail. We have seen only one year with an annual comparable store sales decline. Further, 2017 marked our 22nd consecutive year of comparable store sales increases and our 21st consecutive year of dividend increases.
We believe that we operate one of the most flexible business models in the world and that year after year, our great flexibility has enabled us to succeed through various economic and retail environments. Our stores have no walls between departments, which enables us to expand and contract merchandise categories to respond to market trends and changes in customer preferences. 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 a universe of over 20,000 vendors and more than 100 countries. 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 ability to invest in the growth of the business. These are some of the key factors that give us great confidence in our ability to achieve our goals for global growth.
1References to the year 2017 throughout this website denote TJX’s Fiscal Year 2018, which began January 29, 2017 and ended February 3, 2018.