TJX Companies and Its Steady Growth

The TJX Companies is the largest off-price department store chain for home fashions and international apparel in the US. Founded in 1956, the TJX Companies started out as the Zayre discount department store chain. When Zayre sold its own nameplate to a rival discount department store chain, it renamed itself to The TJX Companies, Inc. 

Today, the company ranked 125^th in the Fortune 500 list, with more than $23 billion in revenues in 2011 and nearly 3,000 stores in six countries around the globe. The TJX Companies is made up of four main divisions: The Marmaxx Group (also known as T.J. Maxx and Marshalls) and HomeGoods in the United States, TJX Canada (HomeSense, Winners, and Marshalls), and TJX Europe (T.J. Maxx and HomeSense. In 2012, the company welcomed the inclusion of the off-price internet retailer Sierra Trading Post into its fold.

Throughout the company’s history, The TJX Companies have steadily enjoyed growth, making some of the highest possible returns on investments in the retail industry. The company was not immune to slips along the way but it only notes one year of significant decline in store sales. The company is very flexible and it is this flexibility that the TJX Companies attributes to its success in weathering through various business and economic cycles. 

With inventories turning rapidly, the company is able to buy as close as possible to need while applying current trends in fashion and pricing. This means everything is always new and fresh and current and that’s what works for a lot of the customers supporting The TJX Companies. Of course, the company may not have been able to pull off what it has achieved without great relationships with more than 15,000 vendors across over 60 countries in the world. That, and the financial strength to bolster growth and keep shareholders happy.