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The Tjx Companies Inc.  (TJX)
Other Ticker:  
 
    Sector  Retail    Industry Retail Apparel
   Industry Retail Apparel
   Sector  Retail
 
Price: $55.9400 $0.09 0.161%
Day's High: $55.79 Week Perf: -6.47 %
Day's Low: $ 55.24 30 Day Perf: -10.5 %
Volume (M): 110 52 Wk High: $ 77.35
Volume (M$): $ 6,063 52 Wk Avg: $66.66
Open: $56.07 52 Wk Low: $53.69



 Market Capitalization (Millions $) 66,527
 Shares Outstanding (Millions) 1,189
 Employees 286,000
 Revenues (TTM) (Millions $) 33,457
 Net Income (TTM) (Millions $) 144
 Cash Flow (TTM) (Millions $) -4,480
 Capital Exp. (TTM) (Millions $) 1,134

The Tjx Companies Inc.
We are the leading off-price retailer of apparel and home fashions in the United States and worldwide. Our seven off-price chains are synergistic in their philosophies and operating platforms. We offer off-price family apparel and home fashions through our T.J. Maxx, Marshalls and A.J. Wright chains in the United States, our Winners chain in Canada and our T.K. Maxx chain in the United Kingdom and Ireland. We offer exclusively off-price home fashions through our HomeGoods chain in the United States and our Canadian HomeSense chain operated by Winners. The target customer for all of our off-price chains, except A.J. Wright, is the middle to upper-middle income shopper, with the same profile as a department or specialty store customer. A.J. Wright targets a more moderate income customer. We acquired Bob’s Stores in December 2003, a 31-store, value-oriented, branded apparel retailer based in the Northeast United States that offers casual, family apparel. Bob’s Stores’ target customer demographic includes a large percentage of male shoppers and spans the moderate to upper-middle income bracket.

Our off-price mission is to deliver an exciting, fresh and rapidly changing assortment of brand-name merchandise at excellent values to our customers. We define value as the combination of quality, brand, fashion and price. With over 400 buyers worldwide and over 10,000 vendors, we believe we are well positioned to continue accomplishing this goal. Our key strengths include:

expertise in off-price buying

substantial buying power

solid relationships with many manufacturers and other merchandise suppliers

deep organization with decades of experience in off-price retailing

off-price inventory management systems and distribution networks and

financial strength and an excellent credit rating.

As an off-price retailer, we offer fine-quality, name brand and designer family apparel and home fashions every day at substantial savings from comparable department and specialty store regular prices. We can offer these everyday savings as a result of our opportunistic buying strategies, disciplined inventory management, including rapid inventory turns, and low expense structure.

In our off-price concepts, we purchase much of our inventory opportunistically with only a small percentage specifically manufactured for us. Different from traditional retailers that order goods far in advance of the time they will appear on the selling floor, TJX buyers are in the marketplace virtually every week. By maintaining a liquid inventory position, our buyers can buy close to need, enabling them to buy into current market trends and take advantage of the opportunities in the marketplace. Due to the unpredictable nature of consumer demand in the marketplace and the mismatch of supply and demand, we are regularly able to buy the vast majority of our inventory directly from manufacturers, with some merchandise coming from retailers and others. Virtually all of our buys are made at significant discounts from initial wholesale prices. We generally purchase merchandise to sell in the current selling season as well as a limited quantity of packaway merchandise that we buy specifically to warehouse and sell in a future selling season.

We are willing to purchase less than a full assortment of styles and sizes. We pay promptly and do not ask for typical retail concessions such as promotional and markdown allowances or delivery concessions such as drop shipments to stores or delayed deliveries. Our financial strength, strong reputation and ability to sell large quantities of merchandise through a geographically diverse network of stores gives us excellent access to leading branded merchandise. Our opportunistic buying permits us to consistently offer our customers a rapidly changing merchandise assortment at everyday prices which are below department and specialty store regular prices.

We are extremely disciplined in our inventory management and we rapidly turn the inventory in our off-price chains. We rely heavily on sophisticated, internally developed inventory systems and controls that permit a virtually continuous flow of merchandise into our stores and an expansive distribution infrastructure that supports our close-to-need buying by delivering goods to the selling floor quickly and efficiently. For example, highly automated storage and distribution systems track, allocate and deliver an average of 12,000 items per week to each T.J. Maxx and Marshalls store. In addition, specialized computer inventory planning, purchasing and monitoring systems, coupled with warehouse storage, processing, handling and shipping systems, permit a continuous evaluation and rapid replenishment of store inventory. Pricing, markdown decisions and store inventory replenishment requirements are determined centrally, using satellite-transmitted information provided by point-of-sale computer terminals and are designed to move inventory through our stores in a timely and disciplined manner. These inventory management and distribution systems allow us to achieve rapid in-store inventory turnover on a vast array of product and sell substantially all merchandise within targeted selling periods.

We operate with a low cost structure relative to many other retailers. While we seek to provide a pleasant, easy shopping environment with emphasis on customer convenience, we do not spend large sums on store fixtures. Our selling floor space is flexible and largely free of permanent fixtures, so we can easily expand and contract departments in response to customer demand and available merchandise. Also, our large presence and expertise in the real estate market allows us to retain very favorable lease terms. In our off-price concepts, our advertising budget as a percentage of sales is low compared to traditional department and specialty stores, with our advertising focused on awareness of shopping at our stores rather than promoting particular merchandise. Our high sales per square foot productivity and rapid inventory turnover also provide expense efficiencies.

With all our off-price chains operating with the same off-price strategies and systems, we are able to capitalize upon expertise and best practices throughout our divisions, develop associates by transferring them from one chain to another and grow our various businesses efficiently and effectively.

COMPETITION

The retail apparel and home fashion business is highly competitive. Our customers focus upon fashion, quality, price, merchandise selection and freshness, brand name recognition and, to a lesser degree, store location. We compete with local, regional and national department, specialty and off-price stores. We also compete to some degree with any retailer that sells apparel or home fashions in stores, through catalogues or over the internet. We purchase most of our inventory opportunistically and compete for that merchandise with other national and regional off-price apparel and outlet stores. We also compete with other retailers for store locations.



   Company Address: 770 Cochituate Road Framingham 1701 MA
   Company Phone Number: 390-1000   Stock Exchange / Ticker: NYSE TJX
   TJX is expected to report next financial results on August 26, 2022.


Customers Net Income fell by TJX's Customers Net Profit Margin fell to

-51.88 %

4.01 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

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The Tjx Companies's Segments
 
Marmaxx
 Segment    63.54 % of total Revenue
Winners
 Segment    9.72 % of total Revenue
TK Maxx
 Segment    14.36 % of total Revenue
HomeGoods
 Segment    12.38 % of total Revenue
 
• View Complete Report

The Tjx Companies's Operating Statistics Decrease / Increase
       
• View Complete Report


       
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