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TJX Cos 

“Market Cap $43.52 B As of May 2014

At a Glance
  • Industry: Department Stores
  • Founded: 1956
  • Country: United States
  • CEO: Carol Meyrowitz
  • Website: www.tjx.com
  • Employees: 191,000
  • Sales: $27.42 B
  • Headquarters: Framingham, Massachusetts
Forbes Lists

#463 Global 2000

  • #340 in Sales
  • #307 in Profit
  • #1745 in Assets
  • #229 in Market value
Profile

The TJX Cos., Inc. operates as an off-price apparel and home fashions retailer in the United States and worldwide. The company operates it business through four business segments: Marmaxx, HomeGoods, TJX Canada and TJX Europe. The Marmaxx segment operates T.J. Maxx and Marshalls chains in the U.S. It sells family apparel including footwear and accessories, home fashions including home basics, accentfurniture, lamps, rugs, wall decor, decorative accessories and giftware and other merchandise. The HomeGoods segment is a off-price retailer of home fashions in the U.S. Through its stores, HomeGoods offers a broad array of home basics, giftware, accent furniture, lamps, rugs, wall decor, decorative accessories from around the world, seasonal and other merchandise. TheTJX Canada operates the Winners, Marshalls and HomeSense chains in Canada. The Winners is a off-price apparel and home fashions retailer in Canada. The Marshalls store offers an expanded footwear department and The Cube juniors’ department, differentiating them from Winners stores. The HomeSense operates stores with a merchandise mix of home fashions similar to HomeGoods. The TJX Europe segment operates T.K. Maxx and HomeSense chains in Europe. The T.K. Maxx operates in the U.K., Ireland, Germany and Poland. Through its stores and, for the U.K, an online website, T.K. Maxx offers a merchandise mix similar to T.J. Maxx, Marshalls and Winners. The HomeSense in the U.K offers a merchandise mix of home fashions similar to that of HomeGoods in the U.S. and HomeSense in Canada. The company was founded by Stanley Harris Feldberg and Sumner L. Feldberg in 1956 and is headquartered in Framingham, MA.

“TJX Cos History

The TJX Companies, Inc. traces its history back to 1919 when brothers Max and Morris Feldberg founded New England Trading Company in Boston, Massachusetts. This business prospered and in 1929 the Feldbergs opened their first retail store, devoted to selling ladies hosiery. Twenty years later, their one store had grown into a chain of women’s apparel stores that stretched from New England to Washington D.C. In the mid-1950’s, the next generation of Feldbergs – Stanley and Sumner – set out to build upon what their fathers had established – and the Zayre discount department store chain was born. Zayre Stores stood for offering convenience, selection and outstanding value for the whole family.

In the mid-70’s, a young and talented merchant, Ben Cammarata, was offered an opportunity to build a new off-price chain, and under his leadership, T.J. Maxx was born. With the success of T.J. Maxx, the Company grew into The TJX Companies, Inc., which today is the leading off-price retailer of apparel and home fashions in the United States and worldwide, offering great fashion, quality, and brand names at excellent values, every day.”

*Information from Forbes.com and Tjx.com

**Video published on YouTube by “CareerDashTV