In a bleak environment for retail, the parent company of Marshalls, T.J. Maxx, and HomeGoods continues to dominate the landscape. TJX sells an ever-changing assortment of branded goods at discounted prices “a formula that’s become increasingly appealing to value-oriented shoppers and has led to some copycat attempts from the likes of Macy’s and Nordstrom. TJX marked its 40th anniversary with annual sales of $33.2 billion, a 7% increase, and profits of $2.3 billion” a strong start for new CEO Ernie Herrman.
Company Information
CEO | Ernie L. Herrman |
Sector | Retailing |
Industry | Specialty Retailers |
HQ Location | Framingham, MA |
Website | www.tjx.com |
Years on Global 500 List | 16 |
Employees | 235,000 |
Key Financials (Last Fiscal Year)
Revenues ($M) | $33,184 |
Profits ($M) | $2,298.2 |
Assets ($M) | $12,884 |
Total Stockholder Equity ($M) | $4,511 |
Profit Ratios
Profit as % of Revenues | 6.9% |
Profits as % of Assets | 17.8% |
Profits as % of Stockholder Equity | 51% |