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Success Factors



LONG-TERM GLOBAL GROWTH OF OUR OFF-PRICE VALUE COMPANY



We plan to continue growing TJX as the leading global, off-price, value retailer of apparel and home fashions for the long term. We operate stores in nine countries on three continents and we are the only large, U.S. brick-and-mortar off-price retailer of apparel and home fashions to have expanded successfully internationally. With over 4,800 stores as of January 28, 2023, we see the potential to expand our store base to 6,275 stores long term with our current chains in our current geographies. Our Company has a focused portfolio of four major divisions, and we believe they all have an opportunity to further grow their store base over the long term.

Our ability to leverage our global teams, infrastructure, and operational expertise are some of the major reasons for our confidence in being able to open additional stores around the world over the long term.

Beyond our successful brick-and-mortar business, we see e-commerce as complementary to our stores and another way to expand our customer base. We have five e-commerce sites that offer consumers differentiated merchandise and great values. In the U.S., we operate tjmaxx.com, marshalls.com, homegoods.com, and sierra.com, and in the U.K., we operate tkmaxx.com.

As of January 28, 2023, which was the end of the Company’s fiscal year.

Long-term Global Store Growth - Marmaxx from 2,482 to 3,000, HomeGoods/Homesense 940 to 1,500, TJX Canada 554 to 650, TJX International 781 to 1,125, Total 4,835 to 6,275

1Total TJX stores includes 78 Sierra stores in the U.S., as of FY23. Sierra stores are not included in estimated store growth potential.