Synopsis on Tjx

529 Words3 Pages
TJX Corporation also known as TJ Maxx, Marshalls, and Home Goods is one of the world’s leaders in off-price retailing. A big part of their success comes from the quality of its products and the frequent changes of merchandise it brings from store to store. This is because they carry brand name apparel and home fashions, which attracts many customers. This concept has been able to with stand it’s off –price retailing method over its existent because it works well in both favorable and unfavorable economic and retail environments. A couple reasons/factors that has lead to the leadership position is their presence in home fashions and their international success. What sets TJX apart from its competitors is that they have essentially three stores that make up their one company. While Marshalls and TJ Maxx are very similar, Home Goods specializes in home fashions. With approximately $2 billion of consolidated sales in home fashions, making them one of the largest retail forces in this product line. They compare pretty evenly and favorably to other retailers when it comes to top line and international. 10% coming from top line and 9% of the operating profits coming from international operations. Recently in Eureka they built a TJ Maxx store at the Bay Shore Mall and this just shows how it is trying to compete with another well-known company such as Ross. TJX is based in Boston and is highly known on the east coast but with its recent growth and success over the years, it is now the leader in its field over Ross, which is based out of California and Steinmart, which is located in Florida. TJX has opened the most retail stores in the U.S as well as internationally, Including Canada, Germany, Poland, Ireland, UK, and have plans to open stores in Italy and France. “The synergies that run through all TJX divisions set us apart as retail leader. Because all of our

More about Synopsis on Tjx

Open Document