The TJX business model is built to have tremendous flexibility and grow with the times, enabling us to navigate through economic downturns and upturns as well as operate successfully across different geographies. In our 40-plus year history, we have achieved consistent, strong performance. In fact, during this period, we have had only one year with a comparable store sales decline. Over the last 23 years, we have delivered annual comparable store sales increases each year, solid earnings growth, and we have increased the dividend for 22 straight years. Our long, consistent track record through many types of economic and retail environments is one of the reasons for our confidence in our continued successful growth for many years to come.
We believe significant opportunity remains to deliver value to more consumers and gain market share across the globe. At TJX, our commitment to value has been our mission since day one and we have never wavered. We are convinced that our off-price model and combination of brand, fashion, price, and quality will continue to be a tremendous draw for consumers.
As we pursue our goals for global growth, our major strengths give us great confidence:
- World-class buying organization
- Global supply chain and distribution network
- Leveraging our global presence
- One of the most flexible retail business models in the world
We see great opportunity to gain even more market share around the world. Our primary growth strategies are:
- Driving customer traffic and comparable store sales
- Growing our global store base
To learn more about our major strengths and growth drivers, we invite you to explore the other key success factors in this section of our website.
1Comparable store sales for fiscal years commencing in 2005 are on a constant currency basis. Prior years include the impact of foreign exchange to the extent it was applicable.