Our business model has been built to have tremendous flexibility and adapt with the times. Over our more than four decades as a Company, we have maintained an unwavering focus on executing our off-price business model which has generally allowed us to deliver steady sales and earnings growth through many retail and economic environments across different geographies. Over the course of our history, our strong financial results and cash generation have allowed us to simultaneously invest in the growth of the business and return cash to shareholders. Our strong sales and profitability performance in Fiscal 2023 give us great confidence in the outlook for our business and that we are well on our way to becoming an increasingly profitable, $60 billion-plus revenue company!
We believe significant opportunity remains for us to deliver value to more consumers and gain market share across the globe over the long term. At TJX, our commitment to value has been our mission since day one and we have never wavered. We are convinced that our flexible, off-price model and combination of brand, fashion, price, and quality will continue to be our winning retail formula going forward.
As we pursue our long-term goals for global growth, we see our major strengths as the following:
- World-class buying organization
- Global sourcing and distribution capabilities
- Integrated global business with all major divisions having well over 25 years of off-price operating expertise and knowledge in the U.S., Canada, and Europe
- One of the most flexible retail business models in the world
Our primary, longer-term growth strategies are:
- Driving customer traffic and sales growth
- Growing our global store base
To learn more about our major strengths and growth drivers, we invite you to explore the other key success factors in this section of our website.
As of January 28, 2023, which was the end of the Company’s fiscal year.