The TJX Companies, Inc. (abbreviated TJX) is an American multinational off-price department store corporation, headquartered in Framingham, Massachusetts. As of 2019, TJX operates its flagship brand, TJ Maxx (in the United States) and TK Maxx (in Europe), Marshalls, HomeGoods, HomeSense, Sierra in the United States, and HomeSense, Marshalls, Winners in Canada. Current.ly, there are over 4,557 discount stores in the TJX portfolio located in nine countries.
The TJX Companies, Inc. traces its history to Zayre Corp., parent of the Zayre Store chain of discount department stores incorporated in 1962. The first Zayre–Yiddish for “very good”–store opened in Hyannis, Massachusetts, in 1956. Its founders were two cousins, Stanley and Sumner Feldberg. With sales doubling every second or third year, the Feldbergs were quick to establish new Zayre stores, which numbered more than 200 by the early 1970s. By then, the company had diversified into specialty retailing.
In 1990, TJX expanded into an additional store brand division, and at the same time it first went international, as it entered the Canadian market by acquiring the five-store Winners chain. Two years later, it launched its third brand, HomeGoods, in the United States. TJX’s expansion beyond North America came in 1994, when the fourth brand division, T.K. Maxx, was founded in the United Kingdom, and then expanded into Ireland. In 1995, TJX doubled in size when it acquired Marshalls, its fifth brand.
Today, The Company operates through four segments: Marmaxx, HomeGoods, TJX Canada and TJX International. T.J. Maxx and Marshalls chains. Each of its operating divisions approaches off-price apparel retailing from a different perspective. T.J. Maxx, the largest retailer of its kind in the United States with 578 stores nationwide, offers brand-name family apparel, fine jewelry, house and gift wares, as well as women’s shoes and accessories at prices 20 to 60 percent below department store regular prices.
Marshall’s is the nation’s second largest off-price apparel retailer. Acquired by TJX in 1995, Marshall’s operates over 450 stores nationwide, offering brand-name family apparel, giftware, domestics, and accessories, as well as shoes for the entire family and a broad assortment of menswear.
Winners Apparel Ltd. and T.K. Maxx, each modeled after the T.J. Maxx concept, are leading off-price family apparel chains in Canada and the United Kingdom, respectively. HomeGoods, a chain of off-price home fashion stores, operated 21 stores at the end of 1996, offering giftware, bed and bath accessories, rugs, lamps, and seasonal merchandise.
According to en.wikipedia; Referenceforbusiness.com. Source of photos: internet
