- Business
- The TJX Companies, Inc. (NYSE: TJX; LSE: 0LCE) operates as the leading off-price retailer of apparel and home fashions in the United States and across the globe. The company offers a treasure trove model of rapidly changing assortments of quality, fashionable brand name and designer merchandise, including family apparel such as women's, men's and children's clothing, footwear, and accessories; home fashions encompassing furniture, decorative accessories, giftware, lamps, rugs, kitchenware, bedding, and seasonal merchandise; as well as jewelry, beauty products, toys, and other consumer goods, priced generally 20% to 60% below full-price retailers' regular prices on comparable items. These products are sold through nearly 5,000 stores and select e-commerce sites under brands including T.J. Maxx, Marshalls, HomeGoods, Homesense, and Sierra in the U.S.; Winners, HomeSense, and Marshalls in Canada; TK Maxx and Homesense in Europe; and TK Maxx in Australia, spanning nine countries primarily in North America, Europe, and the Asia-Pacific region.
Founded in 1976 as a division of Zayre Corp. and established as an independent entity in 1987, The TJX Companies, Inc. maintains its headquarters in Framingham, Massachusetts. The company conducts its business through four main segments: Marmaxx (T.J. Maxx and Marshalls), HomeGoods (HomeGoods and Homesense), TJX Canada, and TJX International.
In recent developments, TJX completed the acquisition of a 35% stake in Dubai-based Brands for Less (BFL Group), an off-price retailer of apparel, home fashions, and toys with over 100 stores in the United Arab Emirates and Saudi Arabia, for approximately $360 million in November 2024, valuing BFL at an enterprise value of $1.2 billion. Earlier in 2024, the company entered a strategic partnership with Mexico-based Grupo Axo to expand its off-price operations into Mexico. TJX also continues long-term store expansion plans targeting over 1,300 additional locations, including entry into Spain, while reporting robust fiscal 2026 Q3 results with 7.5% revenue growth to $15.12 billion and strengthened full-year sales guidance of $59.7 billion to $59.9 billion.