TJX

The TJX Companies, Inc. is an American multinational off-price retailer headquartered in Framingham, Massachusetts. The company operates stores and, in some markets, e-commerce under several banners, focusing on brand-name apparel and home fashions offered at discount prices. Its international footprint includes operations in the United States, Canada, and Europe.

TJX banners vary by region. In the United States, the company operates T.J. Maxx, Marshalls, HomeGoods, and HomeSense, with Sierra branding used for certain off-price sportswear and outdoor goods. In Europe, the TK Maxx banner serves many countries, while in Canada the portfolio includes Winners and HomeSense. The company’s strategy centers on quickly refreshing assortments and maintaining a lean store footprint and cost structure.

The business model centers on off-price retailing. TJX sources excess inventory, overruns, cancelled orders, and closeouts from manufacturers and other suppliers, then resells these products at substantial discounts. The model emphasizes high weekly merchandise turnover, tight control of costs, and a decentralized approach to local assortments, supported by centralized distribution and supply-chain capabilities. The result is frequent product variety and lower price points compared with traditional department stores.

History and structure: The TJX Companies traces its origins to the off-price divisions of Zayre Corp. It was established as an independent company in 1987 and has since expanded through the development of its banners and international operations, including the TK Maxx network in Europe and Winners/HomeSense in Canada. The company is publicly traded on the New York Stock Exchange under the ticker TJX and operates a large, global workforce across its banners.