TJX COMPANIES Business Summary

TJX Companies Inc. (TJX) is the global leader in off-price apparel and home fashions, operating a high-velocity retail model that generates revenue through the opportunistic procurement and sale of brand-name merchandise at 20% to 60% below traditional department store prices. As of February 2026, the company reported record fiscal 2026 net sales of $60.4 billion, driven by its "treasure hunt" shopping experience and rapid inventory turnover. The business is organized into four primary segments: Marmaxx (T.J. Maxx and Marshalls in the U.S.), HomeGoods (HomeGoods and Homesense in the U.S.), TJX Canada (Winners, HomeSense, and Marshalls), and TJX International (TK Maxx and Homesense in Europe and Australia). TJX maintains a dominant market position relative to direct off-price competitors such as Ross Stores and Burlington Stores, as well as traditional retailers like Macy’s and Kohl’s, by leveraging a global buying organization of over 1,300 associates and a flexible supply chain that capitalizes on industry-wide inventory imbalances. The company was founded in 1976 by Bernard Cammarata, who remains an Executive Advisor. The current leadership is led by CEO and President Ernie Herrman, a veteran executive who has been with the firm since 1989 and has served as CEO since 2016. He is supported by John Klinger, who serves as Senior Executive Vice President and Chief Financial Officer, and Carol Meyrowitz, the Executive Chairman and former CEO who was instrumental in the company’s global expansion. The Board of Directors features high-pedigree oversight from Lead Independent Director Alan Bennett (former CEO of H&R Block) and notable members such as Charles Wagner (CFO of Vertex Pharmaceuticals) and Rosemary Berkery (former Vice Chairman of U.S. Trust). This seasoned management team is credited with maintaining a disciplined capital allocation strategy, including a robust $2.5 billion to $2.75 billion share repurchase plan announced for fiscal 2027.