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TJX Companies adds 43 stores despite pandemic, strengthens future growth initiatives

Friday, Mar 12, 2021

TJX Companies’ most-recent financial report noted an important growth initiative made by the company amid the pandemic. During their fiscal year that ended Jan. 30, the company increased its store count by 43, with a total of 4,572 stores in its footprint.

The company plans to push store growth at a slower pace for 2021. To strengthen their current brick-and-mortar footprint, TJX Companies will have most new store openings planned for 2022.

Ernie Hermann, TJX Chief Executive Officer, remains optimistic for the retailer’s future opportunities with the unique, treasure hunt shopping experience they provide for consumers.

“As we start the new fiscal year, while uncertainty around COVID-19 remains, we feel very good about the strength of the business and our market share opportunities beyond the health crisis. We are convinced that our entertaining, treasure hunt shopping experience, our differentiated, branded merchandise selections, and value proposition will continue to resonate with consumers. We see many opportunities to leverage our flexible business model, gain more customers, and continue driving the successful growth of TJX for many years ahead,” said Hermann.

Source: TJX Companies Press Release
Photo Credit: Seeking Alpha

About The TJX Companies, Inc.
The TJX Companies, Inc. is the leading off-price retailer of apparel and home fashions in the U.S. and worldwide. As of January 30, 2021, the end of the Company’s fiscal year, the Company operated a total of 4,572 stores in nine countries, the United States, Canada, the United Kingdom, Ireland, Germany, Poland, Austria, the Netherlands, and Australia, and four e-commerce sites. These include 1,271 T.J. Maxx, 1,131 Marshalls, 821 HomeGoods, 48 Sierra, and 34 Homesense stores, as well as tjmaxx.com, marshalls.com, and sierra.com in the United States; 280 Winners, 143 HomeSense, and 102 Marshalls stores in Canada; 602 T.K. Maxx and 78 Homesense stores, as well as tkmaxx.com, in Europe; and 62 T.K. Maxx stores in Australia. TJX’s press releases and financial information are available at TJX.com.

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