The TJX Companies, Inc. is a leading off-price retailer of apparel and home fashions in the United States and worldwide. They operate over 4,900 stores and six branded e-commerce sites offering a rapidly changing assortment of quality, fashionable, brand name and designer merchandise at prices generally 20% to 60% below full-price retailers' regular prices. TJX's mission is to deliver great value to customers through an opportunistic buying strategy and flexible business model that differentiates them from traditional retailers. The company fosters a treasure hunt shopping experience and rapid inventory turnover. TJX operates through four main segments: Marmaxx (T.J. Maxx, Marshalls, Sierra), HomeGoods (HomeGoods, Homesense), TJX Canada (Winners, HomeSense, Marshalls), and TJX International (T.K. Maxx, Homesense).

• Employees: 349,000 (as of February 3, 2024)
• Geographic Footprint: 9 countries
• Headquarters: Framingham, Massachusetts
• Founded: 1976 (TJ Maxx)
• Number of locations/facilities: 4,900+ stores, 6 e-commerce sites, and approximately 31 million square feet of distribution centers
• Revenue: \$54.2 billion (FY2024)
• Market Capitalization: \$99 billion (as of July 29, 2023)
• Key Subsidiaries/Brands: T.J. Maxx, Marshalls, Sierra, HomeGoods, Homesense, Winners, T.K. Maxx

• CEO: Ernie Herrman
• CFO: John Klinger
• Board Chair: Carol Meyrowitz
• Other Key Executives: Kenneth Canestrari (Senior Executive Vice President, Group President), Louise Greenlees (Senior Executive Vice President, Group President), Douglas Mizzi (Senior Executive Vice President, Group President)

Information about executive tenures and professional backgrounds is not consistently provided in the 10-K beyond their current roles and dates of joining TJX or its subsidiaries.

• Annual Revenue: \$54.2 billion (FY2024)
• Net Income: \$4.5 billion (FY2024)
• Market Cap: \$99 billion (as of July 29, 2023)
• Total Assets: \$29.7 billion (FY2024)
• Number of Employees: 349,000 (as of February 3, 2024)
• Key Financial Highlights (FY2024): Consolidated comp store sales increased 5%, net sales increased 9%, diluted earnings per share were \$3.86.

TJX offers a wide variety of products, primarily in the apparel and home fashions categories. Specific product lines include clothing, footwear, accessories, jewelry, home basics, decorative accessories, furniture, rugs, lighting, cookware, pet supplies, and gourmet food.

Revenue contribution by specific product or service lines is not detailed in the provided 10-K.

TJX operates four main business segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The revenue breakdown by segment for FY2024 is as follows: Marmaxx (\$33.4B), HomeGoods (\$9.0B), TJX Canada (\$5.0B), and TJX International (\$6.8B).

TJX's core strategy revolves around opportunistic buying, offering a diverse assortment of branded merchandise at discounted prices. Growth strategies include expanding into new geographic regions and increasing store count. The company also focuses on enhancing the customer experience through store renovations and upgrades. TJX leverages its global buying organization and flexible business model to adapt to changing market trends and consumer preferences.

TJX operates in the highly competitive off-price retail industry for apparel and home fashions. The company competes with a wide range of retailers including department stores, specialty stores, discount stores, online retailers, and other off-price retailers. Market share information is not provided in the 10-K.

• Inventory Management Risks: Failure to execute the opportunistic buying strategy and manage inventory effectively could negatively impact sales and financial results.
• Competitive Risks: Intense competition from various retailers could affect market share and profitability.
• Global Sourcing Risks: Sourcing merchandise globally exposes TJX to various risks, including supply chain disruptions, geopolitical instability, and compliance with international regulations.