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T.J. Maxx – The High End Designer Store with Remarkable Popularity
The T.J. Maxx, Inc. is the leading off-price retailer of apparel and home fashions in the U.S. and worldwide. With more than 3,600 stores in the U.S., Canada, Europe, and Australia, 3 e-commerce sites and approximately 216,000 Associates at the end of 2015. It’s global, value retailer, with a mission to deliver great value to our customers through the combination of brand, fashion, price and quality. With over $30 billion in annual sales in 2015, continue to see tremendous growth opportunities ahead both in the U.S. and internationally.
The company, which owns T.J. Maxx, Marshalls and Home Goods, has quietly grown to be larger than almost every department store and specialty-retail chain in the U.S., including J.C. Penney, Sears, Kmart, Nordstrom and Gap. TJX’s $27.4 billion in annual sales is just shy of the $27.9 billion collected last year by Macy’s, despite the fact that Macy’s has almost 40% a square footage.
Its current market value
The T.J. Maxx Inc. reported net income of 2.29 B. in the fiscal year 2016. This is 459.98% higher than that of the Services sector and 262.58% higher as compared to the Department Stores industry; The Net Income for all stocks is 342.33% lower than the firm. The T.J. Maxx, Inc. Reports Above-Plan Q4 FY15 EPS Growth of 15% and Full Year FY15 Adjusted EPS Growth of 12%; Announces Plans to Increase Dividend 20% and Stock Buyback to $1.8B to $1.9B. Net sales for the fourth quarter were $8.3 billion, a 6% increase over last year. Consolidated comparable store sales increased 4% over last year’s 3% increase. Net income was $648 million, and diluted earnings per share were $.93, a 15% increase over last year’s $.81 per share.
For the 52-week fiscal year ended January 31, 2015, net sales were $29.1 billion, a 6% increase over last year. Consolidated comparable store sales increased 2% over last year’s 3% increase. Net income for the fiscal year was $2.2 billion, and diluted earnings per share were $3.15. Excluding a second quarter debt extinguishment charge of $.01 per share, adjusted diluted earnings per share were $3.16, a 12% increase over last year’s adjusted $2.83, which excluded a $.11 tax benefit from reported diluted earnings per share of $2.94.
How it originated?
In 1976, T.J. Maxx was founded in Framingham, Massachusetts by Bernard Cammarata, as a nameplate of the Zayre chain of discount department stores. When Zayre sold their nameplate to Ames, a rival discount department store, Zayre was renamed as “T.J. Maxx, Incorporated”. In March 2009, its e-commerce site was launched at first only selling handbags.
The company is part of the T.J. Maxx, which also owns HomeGoods/HomeSense, and ‘off-price’ retail chains Sierra Trading Post in the United States, Marshalls in the U.S. and Canada, and Winners in Canada. Under the name T.K. Maxx, its parent company TJX operates stores throughout the United Kingdom, Ireland, Germany, Poland, Austria and The Netherlands. It offers men’s, women’s and children’s apparel and shoes, as well as other areas such as toys, bath and beauty, accessories, and home products ranging from furniture to kitchen utensils.
How does it function?
The T.J. Maxx, Inc. is the leading off-price retailer of apparel and home fashions in the U.S. and worldwide. As of January 31, 2015, the end of the Company’s fiscal year, the Company operated a total of 3600 stores in six countries, the United States, Canada, the United Kingdom, Ireland, Germany, and Poland, and three e-commerce sites. These include 1,119 T.J. Maxx, 975 Marshalls, 487 HomeGoods and 6 Sierra Trading Post stores, as well as tjmaxx.com and sierratradingpost.com, in the United States; 234 Winners, 96 HomeSense, and 38 Marshalls stores in Canada; and 407 T.K. Maxx and 33 HomeSense stores.
T.J. Maxx Properties For Sale Across the United States :
Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Virgin Islands, Washington, West Virginia, Wisconsin, Wyoming