Company

A Global Off-Price Retailer

The TJX Companies, Inc., the leading off-price retailer of apparel and home fashions in the U.S. and worldwide, was ranked 87^th in the 2022 Fortune 500 company listings. At the end of Fiscal 2023, the Company had over 4,800 stores across nine countries and three continents, and five distinctive branded e-commerce sites. We operate T.J. Maxx and Marshalls (combined, Marmaxx), HomeGoods, Sierra, and Homesense, as well as tjmaxx.com, marshalls.com, homegoods.com, and sierra.com, in the U.S.; Winners, HomeSense, and Marshalls (combined, TJX Canada) in Canada; and T.K. Maxx in the U.K., Ireland, Germany, Poland, Austria, the Netherlands, and Australia, as well as Homesense in the U.K. and Ireland, and tkmaxx.com in the U.K. (combined, TJX International).

Carol
Meyrowitz

Executive Chairman of the Board

Ernie
Herrman

Chief Executive Officer and President

Read our Annual Letter to Shareholders

Key Highlights

4,800+

Stores

9

Countries

5 E-comm

websites

~329,000

Associates

87^th Ranked

Fortune 500

Our Mission

Our mission is to deliver great value to our customers every day.

We do this by offering a rapidly changing assortment of quality, fashionable, brand name, and designer merchandise at prices generally 20% to 60% below full-price retailers’ (including department, specialty, and major online retailers) regular prices on comparable merchandise, every day. With our value proposition, we reach a broad range of fashion- and value-conscious consumers across many geographies, income levels, and demographic groups.

HISTORY OF STRONG PERFORMANCE

Our business model has been built to have tremendous flexibility and adapt with the times. Over our more than four decades as a Company, we have maintained an unwavering focus on executing our off-price business model which has generally allowed us to deliver steady sales and earnings growth through many retail and economic environments across different geographies. Over the course of our history, our strong financial results and cash generation have allowed us to simultaneously invest in the growth of the business and return cash to shareholders. Our strong sales and profitability performance in Fiscal 2023 give us great confidence in the outlook for our business and that we are well on our way to becoming an increasingly profitable, $60 billion-plus revenue company!

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OUR OFF-PRICE BUSINESS MODEL

We believe that we operate one of the most flexible business models in the world. Our stores have no walls between departments, which enables us to expand and contract merchandise categories to respond to market trends and changing customer preferences. Our inventories turn rapidly, which gives us flexibility to adjust our merchandise assortments more frequently than traditional retailers. Our buyers have more visibility into consumer, fashion, and market trends when we buy closer to need. We source merchandise globally from a universe of approximately 21,000 vendors and more than 100 countries. Our world-class buying organization of over 1,200 Associates is constantly focused on seeking the right categories, fashions, and brands, while also testing new ideas. Our flexible business model, decades of off-price experience, and global sourcing and buying power have been major advantages throughout our history. We believe these characteristics of our business will continue to be our winning retail formula in the future.

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