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The Tjx Companies Inc   (TJX)
Other Ticker:  
 
    Sector  Retail    Industry Retail Apparel
   Industry Retail Apparel
   Sector  Retail
 



 

What are The Tjx Companies Inc's Business Segments?



T.J. MAXX AND MARSHALLS

T.J. Maxx is the largest off-price retail chain in the United States, with 745 stores in 47 states. Marshalls is the second-largest off-price retailer in the United States, with 659 stores in 42 states as well as 14 stores in Puerto Rico. We maintain the separate identities of the T.J. Maxx and Marshalls stores through product assortment and merchandising, marketing and store appearance. This encourages our customers to shop at both chains.

T.J. Maxx and Marshalls primarily target female customers who have families with middle to upper-middle incomes and who generally fit the profile of a department or specialty store shopper. These chains operate with a common buying and merchandising organization and have consolidated administrative functions, including finance and human resources. The combined organization, known internally as The Marmaxx Group, offers us increased leverage to purchase merchandise at favorable prices and allows us to operate with a lower cost structure. These advantages are key to our ability to sell quality, brand name merchandise at substantial discounts from department and specialty store regular prices.

HOMEGOODS

HomeGoods is our off-price retail chain that focuses exclusively on the home fashions market. HomeGoods offers a broad array of giftware, accent furniture, lamps, rugs, accessories and seasonal merchandise for the home. In fiscal 2004, HomeGoods increased its lighting and accent furniture selections. Many of the HomeGoods stores are stand-alone stores; however, we also combine HomeGoods stores with a T.J. Maxx or Marshalls store in a superstore format that we call T.J. Maxx ’N More or Marshalls Mega-Store. We count the superstores as both a T.J. Maxx or Marshalls store and a HomeGoods store.

HomeGoods, like T.J. Maxx, also plans to launch an e-commerce website in fiscal 2005, with a similar off-price approach. The HomeGoods website will offer home fashions in a wide array of rapidly changing assortments priced below department and specialty store regular prices. We believe an e-commerce business is well suited for HomeGoods and will attract new customers to the website and to our stores.

WINNERS AND HOMESENSE

Winners is the leading off-price retailer in Canada, offering off-price brand name women’s apparel and shoes, lingerie, accessories, home fashions, giftware, fine jewelry, menswear and children’s clothing. In fiscal 2002, Winners opened its first seven HomeSense stores in Canada. Like our HomeGoods chain, HomeSense offers a wide and rapidly changing assortment of off-price home fashions including giftware, accent furniture, lamps, rugs, accessories and seasonal merchandise for the home. In fiscal 2004, Winners also opened its first superstore, which combines a Winners store with a HomeSense store. We count the superstores as both a Winners store and a HomeSense store.

T.K. MAXX

T.K. Maxx is the only major off-price retailer in any European country. T.K. Maxx utilizes the same off-price strategies employed by T.J. Maxx, Marshalls and Winners and offers the same type of merchandise. We currently operate 147 T.K. Maxx stores in the United Kingdom and Ireland. T.K. Maxx stores average approximately 27,000 square feet. T.K. Maxx has been successfully expanding its selling square footage with the addition of mezzanines in some of its stores. This increases sales productivity with little additional rental costs.

A.J. WRIGHT

A.J. Wright, a relatively young chain launched in fiscal 1999, brings our off-price concept to a different demographic customer, the moderate income shopper. A.J. Wright stores offer brand-name family apparel, accessories, footwear, home fashions, giftware and special, market-driven purchases. A.J. Wright has advanced its understanding of its target customers’ tastes and has transitioned to offering both “hot” fashion items as well as basic apparel assortments. A.J. Wright stores average approximately 26,000 square feet.

BOB’S STORES

Bob’s Stores was acquired by TJX on December 24, 2003. With large, high-volume stores, branded apparel selections, a value orientation and a loyal customer base, Bob’s Stores shares many characteristics with our off-price chains. Bob’s Stores offers casual, family apparel and footwear with emphasis on men’s clothing, footwear, workwear, activewear and licensed team apparel. Bob’s Stores customer demographics span the moderate to upper-middle income bracket with a large percentage of male shoppers. TJX purchased Bob’s Stores as a long-term growth vehicle and plans to grow Bob’s Stores slowly in the short-term.

   

The Tjx Companies Inc Tax Rate Companies within the Retail Apparel Industry


The Tjx Companies Inc Segments

 
Marmaxx
   63.54 % of total Revenue
Winners
   9.72 % of total Revenue
TK Maxx
   14.36 % of total Revenue
HomeGoods
   12.38 % of total Revenue
 

Business Segments (Oct. 26, 2015)
Revenues
(in millions $)
III. Quarter
%
(of total Revenues)
(Oct. 26, 2015)
Income
(in millions $)
III. Quarter
%
(Profit Margin)
Marmaxx
4,926.51 63.54 % 678.34 13.77 %
Winners
753.63 9.72 % 113.15 15.01 %
TK Maxx
1,113.51 14.36 % 115.29 10.35 %
HomeGoods
959.84 12.38 % 134.55 14.02 %
Total
7,753.50 100 % 1,041.34 13.43 %

• The Tjx Companies Inc Income Statement • The Tjx Companies Inc supply chain • Revenue growth ranking by company and industry

Growth rates by Segment (Oct. 26, 2015)
Y/Y Revenue
%
III. Quarter
Q/Q Revenue
%
(Oct. 26, 2015)
Y/Y Income
%
III. Quarter
Q/Q Income
%
Marmaxx
5.41 % 2.51 % -0.23 % -5.2 %
Winners
-4.81 % 7.76 % -17.09 % -5.46 %
TK Maxx
6.09 % 15.61 % -0.02 % 126.62 %
HomeGoods
12.78 % 7.2 % 14.1 % 19.99 %
Total
5.26 % 5.29 % -0.79 % 4.32 %

• The Tjx Companies Inc Growth Comparisons The Tjx Companies Inc Profile • The Tjx Companies Inc Market Share

To get more information on The Tjx Companies Inc's Marmaxx, Winners, TK Maxx, HomeGoods, Total segment. Select each division with the arrow.


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