TJX Companies: An Off-price Department Store Chain

It was in 1976 that the first T. J. Maxx store was opened. This store was under the operations and management of the Zayre discount department store chain, which was founded in 1956. When the latter sold its nameplate to its rival Ames, T. J. Maxx changed its name to TJX Companies, Inc.

The company is known today as the largest international off-price department store chain in the United States. It carries home fashions and apparel that continue to fair strongly in the competitive market. During its 2013 fiscal year, the business has reported sales that reached to more than $27.4 billion. Together with its subsidiaries, the company continues to bring high end products that are sold at deeply discounted costs. The vastness of its operations is made evident as the company has been ranked consistently as part of the Fortune 500 listing. TJX operates in 6 countries and market several brand names. There are more than 3,200 stores that the company operates around the world, under different flagship.

In the United States, they have HomeGoods, Sierra Trading Post, Marshalls and T. J. Maxx. Their operations in Canada include brand names HomeSense, Winners and Marshalls. T. K. Maxx is in operation in Poland, Germany and in the United Kingdom. The off-price mission of the company is to provide their customers branded products that are about 20%-60%off the price found in department stores. TJX Companies also make it a point that they rapidly change the assortment of brand names they carry to further entice their customers to go into a treasure-hunt shopping.

Headquartered in Framingham, Massachusetts, the company continues to provide the market branded products like housewares, beauty products, beddings, footwear, clothing, furniture and even jewelries. By offering these products at a much discounted cost, they are able to cater to the needs of a wider demographic group.