TJX Cos Competitors, Marketcap, Revenue, Net Worth 2026

The TJX Companies, Inc. is the world’s largest off-price apparel and home fashions retailer, headquartered in Framingham, Massachusetts. The company operates popular retail chains including T.J. Maxx, Marshalls, HomeGoods, HomeSense, and Sierra in the United States, plus Winners in Canada and T.K. Maxx in Europe and Australia.

TJX buys excess inventory, closeouts, and canceled orders from manufacturers and other retailers, then sells these products at prices 20% to 60% below traditional retail. This business model attracts budget-conscious shoppers seeking brand-name merchandise at discounted prices.

The company trades on the New York Stock Exchange under the ticker symbol TJX and has become one of the most successful retail operations in history, consistently outperforming traditional department stores and expanding its global footprint year after year.

TJX Companies Revenue

TJX Companies generated $56.36 billion in revenue for fiscal year 2025, continuing its steady growth trajectory. The company recovered strongly from pandemic-related disruptions in 2021 when revenue dropped to $32.14 billion due to temporary store closures.

The Marmaxx segment (T.J. Maxx and Marshalls combined) contributes the largest share of revenue at approximately $34.6 billion annually. HomeGoods and TJX International segments add substantial revenue, with the international division generating $7.2 billion in fiscal year 2025.

TJX Companies History

The TJX Companies traces its roots to 1919 when brothers Max and Morris Feldberg founded New England Trading Company in Boston, Massachusetts. The business sold wholesale hosiery and prospered over the following decade.

In 1929, the Feldbergs opened their first retail store focused on women’s hosiery. By 1949, this single store had grown into a chain of women’s apparel stores stretching from New England to Washington D.C. The next generation of Feldbergs, cousins Stanley and Sumner, took over in the mid-1950s and launched the Zayre discount department store chain in 1956.

During the 1970s recession, Zayre Corp. saw opportunity in off-price retailing. Bernard Cammarata, then General Merchandising Manager at Marshalls, was recruited in 1976 to develop a new off-price concept. Under his leadership, the first T.J. Maxx stores opened in Auburn and Worcester, Massachusetts in May 1977.

TJX Companies Co-founders

TJX Companies Marketcap

TJX Companies has a market capitalization of approximately $172 billion as of February 2026, making it one of the most valuable retail companies in the world. The company’s market cap has grown at a compound annual growth rate of about 12% since 1998.

TJX ranks among the top 100 largest companies globally by market cap and is the clear leader in the off-price retail sector, commanding roughly 68% of sales among the three major off-price retailers (TJX, Ross Stores, and Burlington).

TJX Companies Acquisitions

TJX Companies has grown through a series of strategic acquisitions that expanded its geographic footprint and product categories. The company’s acquisition strategy focused on established off-price retailers in new markets rather than building stores from scratch.

The 1990 acquisition of Winners Apparel Ltd. in Canada marked TJX’s first international move. The five-store Canadian chain provided a platform for expansion into the Canadian market. Winners has since grown into Canada’s largest off-price apparel retailer with hundreds of locations.

The most transformative acquisition came in November 1995 when TJX purchased Marshalls from Melville Corporation for $606 million plus preferred stock. Marshalls was then the second-largest off-price retailer in the U.S. with 496 stores. This deal doubled TJX’s size overnight and led to the creation of the Marmaxx Group, combining T.J. Maxx and Marshalls under one division while maintaining distinct brand identities.

In 2003, TJX acquired Bob’s Stores, a New England-based apparel retailer. The company later sold Bob’s Stores in 2008 to focus on its core off-price chains. TJX also launched and later closed the A.J. Wright chain, consolidating those stores into existing brands in 2010.

The 2012 acquisition of Sierra Trading Post (rebranded to Sierra in 2019) brought an off-price internet retailer specializing in outdoor gear and apparel into the TJX family. Sierra has since expanded to over 70 brick-and-mortar locations in addition to its e-commerce operation.

TJX entered the Australian market in 2015 by acquiring Trade Secret, an off-price retailer operating 35 stores. These stores were later rebranded to T.K. Maxx in 2017, unifying the international brand strategy. In 2021, TJX acquired a 25% stake in Russian retailer Familia, though this investment was affected by subsequent geopolitical developments.

TJX Companies Competitors

TJX Companies dominates the off-price retail sector but faces competition from several retailers. The company holds approximately 68% of sales among the three major off-price retailers, with Ross Stores at 22% and Burlington at 10%.

TJX also competes with traditional department stores, big-box retailers like Target and Walmart, as well as e-commerce platforms. The company’s ability to offer brand-name merchandise at 20-60% off full retail prices gives it an advantage over conventional retailers.

FAQs

Who founded TJX Companies?

Cousins Stanley and Sumner Feldberg founded Zayre Corp. in 1956, which later became TJX Companies. Bernard Cammarata founded T.J. Maxx in 1977 and served as the first CEO of The TJX Companies, Inc.

When was the first T.J. Maxx store opened?

The first T.J. Maxx stores opened on May 19, 1977, in Auburn and Worcester, Massachusetts. A third store opened four days later in Charlotte, North Carolina.

How many stores does TJX Companies operate?

TJX Companies operates over 5,000 stores across nine countries including the United States, Canada, the United Kingdom, Ireland, Germany, Poland, Austria, the Netherlands, and Australia.

What brands does TJX Companies own?

TJX Companies operates T.J. Maxx, Marshalls, HomeGoods, HomeSense, and Sierra in the U.S., Winners in Canada, and T.K. Maxx in Europe and Australia.

Where is TJX Companies headquartered?

TJX Companies is headquartered in Framingham, Massachusetts, United States. The company has maintained its headquarters in the Boston metropolitan area since its founding.