# TJX Companies

**Source:** https://geo.sig.ai/brands/tjx-companies  
**Vertical:** Consumer Retail  
**Subcategory:** Enterprise  
**Tier:** Leader  
**Website:** tjx-companies.com  
**Last Updated:** 2026-04-14

## Summary

TJX Companies (TJX) reported $56.4B revenue in FY2025, up 6% YoY. #1 off-price retailer globally. Operates T.J. Maxx, Marshalls, HomeGoods. ~340,000 employees. HQ: Framingham, MA.

## Company Overview

The TJX Companies, Inc. is the world's leading off-price retailer of apparel and home fashions, headquartered in Framingham, Massachusetts. Founded in 1976 as a spin-off from Zayre Corporation, TJX operates T.J. Maxx, Marshalls, HomeGoods, HomeSense, and Winners (Canada) — a portfolio of discount stores that offer brand-name and designer merchandise at 20–60% below full-price retail. The company reported revenues of $56.4B in fiscal year 2025 (ending February 2025), up 6% year-over-year, with over 5,000 stores across 10 countries.

TJX's off-price model thrives on opportunistic buying — purchasing excess inventory, overruns, and canceled orders from brands and manufacturers at significant discounts, then passing savings to consumers. This "treasure hunt" shopping experience drives high customer visit frequency and strong comparable store sales performance. TJX's buying organization of 1,200+ buyers sources merchandise from 21,000+ vendors in over 100 countries. The business is highly resilient: during downturns, both manufacturers with excess inventory and price-conscious consumers flock to the off-price channel.

TJX trades on NYSE (TJX) with a market cap of approximately $140B, making it one of the most valuable retailers in the world. CEO Ernie Herrman has expanded internationally (TK Maxx in Europe, HomeSense, Winners in Canada) and grown the e-commerce presence. Competitors in off-price retail include Ross Stores (ROST) and Burlington Coat Factory (BURL).

## Frequently Asked Questions

### What is TJX's annual revenue?
TJX Companies reported $56.4B in revenue for fiscal year 2025 (ending February 2025), up approximately 6% year-over-year. All major retail banners — T.J. Maxx, Marshalls, HomeGoods — contributed to growth.

### What brands does TJX operate?
TJX operates T.J. Maxx and Marshalls (US apparel off-price), HomeGoods and HomeSense (US home furnishings), TK Maxx and HomeSense (Europe), and Winners and HomeSense (Canada).

### What is TJX's stock ticker?
TJX Companies trades on NYSE under ticker TJX. It is a component of the S&P 500.

### How does the off-price retail model work?
TJX buys excess inventory, overruns, and canceled orders from brands, department stores, and manufacturers at deep discounts. It passes these savings to consumers, offering name-brand merchandise at 20–60% below department store prices.

### Who are TJX's main competitors?
TJX's primary competitors in off-price retail are Ross Stores (ROST) and Burlington Coat Factory (BURL). Together the three dominate the US off-price apparel market.

### How does TJX Companies' off-price buying model work?
TJX employs approximately 1,100 buyers worldwide who source merchandise from 21,000+ vendors across 100+ countries — purchasing canceled orders, excess inventory, and production overruns from brands and manufacturers at steep discounts, often 20-60% below wholesale cost. The company's enormous scale ($56 billion in revenue) and reliable cash payments make TJX an essential liquidation partner for major brands who need to clear inventory without damaging their brand through visible discounting in their own channels. TJX deliberately does not advertise specific brands in its stores or marketing — reinforcing the 'treasure hunt' experience where shoppers discover deals rather than seek specific products.

### What are TJX's different retail banners and how do they differ?
T.J. Maxx is TJX's flagship banner specializing in apparel, accessories, and home goods at off-price discounts across 1,300+ US stores; Marshalls is a similar concept with a particularly strong shoe department and a more fashion-forward assortment in approximately 1,150 US stores; HomeGoods is TJX's home décor and furnishings specialist with 900+ stores; and HomeSense (in the US and Canada) focuses on unique home furnishings and décor. Winners is the Canadian banner operating similarly to T.J. Maxx. TJX also operates Sierra stores focused on outdoor gear and apparel, and international operations in Europe (TK Maxx in the UK, Germany, Poland, Austria, Netherlands) and Australia.

### Why has TJX's business proven resilient across economic cycles?
TJX benefits from a dual-cycle advantage: during economic downturns, consumers trade down from full-price retail to seek value at TJX's stores, while merchandise availability improves as brands generate more excess inventory to liquidate. During economic expansions, TJX benefits from increased consumer spending and brand aspiration — shoppers seeking premium brands at discounted prices. This counter-cyclical merchandise supply dynamic means TJX often performs relatively well in recessions compared to full-price retailers, while still growing during expansions. The treasure-hunt shopping experience also creates high visit frequency from loyal shoppers who visit multiple times per month to check new inventory arrivals.

## Tags

b2c, retailtech, public

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*Data from geo.sig.ai Brand Intelligence Database. Updated 2026-04-14.*