TJX Companies (NYSE:TJX) (NYSE: TJX) is a leading off-price retailer specializing in apparel and home fashions. Through a portfolio of well-known brands, the company offers branded and designer merchandise at prices generally 20% to 60% below full-price retailers, reflecting its commitment to value and treasure-hunt shopping experiences. TJX’s business model focuses on inventory flexibility, strong vendor relationships and efficient supply chain management to deliver an ever-changing assortment of high-quality products.
Under its umbrella, TJX operates several distinct retail chains, including T.J. Maxx and Marshalls in the United States, HomeGoods for home décor and furnishings, and Sierra for active and outdoor apparel and gear. In Canada, the company serves customers through winners, HomeSense and Marshalls stores, while in Europe it trades as TK Maxx, HomeSense and other banners across the United Kingdom, Ireland, Germany, Poland, Austria, the Netherlands and Spain. Each brand maintains local buying teams that curate merchandise tailored to regional tastes and market dynamics.
Founded in 1956 as the Zayre Corporation, the company launched the first T.J. Maxx store in 1977 and reorganized as The TJX Companies in 1987. Headquartered in Framingham, Massachusetts, TJX has grown organically and through strategic acquisitions to become one of the world’s largest off-price retailers. The company’s growth has been driven by its ability to source excess inventory from suppliers, closeouts, canceled orders and other opportunistic channels, passing savings on to customers through frequent inventory turnover and compelling in-store experiences.
Leadership at TJX is headed by President and Chief Executive Officer Ernie Herrman, who joined the company in 2016. Under his direction, TJX continues to emphasize supply chain agility, cross-border sourcing initiatives and store expansion in existing and new markets. The company’s management team also focuses on digital integration and omnichannel enhancements to complement its strong brick-and-mortar presence, ensuring robust value delivery to both consumers and shareholders.
