TJX Companies Investor Relations Material

TJX Companies is an American retail operator with various well-known retail chains including T.J. Maxx, Marshalls, HomeGoods, and Homesense, alongside several e-commerce sites. Their retail footprint spans over 4,800 stores primarily across North America, but with retail locations active in Australia and select European companies. TJX operates on an off-price business model, typically offering products at a lower price than what The company is headquartered in Framingham, Massachusetts, and its shares are listed on the New York Stock Exchange.

What would eventually become the company we know today was founded as Zayre by the Feldberg family. The original Zayre store, also operating with discounted prices compared to competitors, opened its doors in Hyannis, Massachusetts in 1956. The company eventually grew to cover much of the eastern United States and in 1976 the leadership of Zayre opened its first T.J. Maxx store. The company eventually decided to divest the Zayre brand, focusing fully on T.J. Maxx, starting several new chain stores as well as making acquisitions in the industry.

TJX operates several retail chains, each with its own focus but all operating with an off-price model.

• T.J. Maxx and Marshalls (Marmaxx Group) in the U.S.: These stores are similar in concept, offering a wide range of fashion, home goods, and accessories at discounted prices. They are designed to appeal to consumers looking for brand names and designer goods without the corresponding high price tags.

• HomeGoods: This chain offers a variety of high-quality home fashions at low prices, including furniture, rugs, lighting, decorative accessories, and kitchen and dining ware.

• T.K. Maxx: Similar to T.J. Maxx but located in Europe and Australia, offering a comparable assortment of apparel and home products.

• HomeSense: Operating in Canada and Europe, HomeSense provides similar merchandise to HomeGoods but tailored to the local markets.

As previously mentioned, all of the company’s stores operate on an off-price model and are more often than not built after the classic big-box retailing blueprint. TJX also operates an online store and competes with the likes of Walmart and Target, but also with more similar companies such as Ross Stores.