A GLOBAL OFF-PRICE RETAILER
The TJX Companies, Inc. is the leading off-price retailer of apparel and home fashions in the U.S. and worldwide, ranking No. 89 in the 2016 Fortune 500 listings, with over $33 billion in revenues in 2016,* more than 3,800 stores in 9 countries, 3 e-commerce sites, and approximately 235,000 Associates. We operate T.J. Maxx and Marshalls (combined, Marmaxx), HomeGoods and Sierra Trading Post, as well as tjmaxx.com and sierratradingpost.com, in the United States; Winners, HomeSense, and Marshalls (combined, TJX Canada) in Canada; and T.K. Maxx in the United Kingdom, Ireland, Germany, Poland, Austria, the Netherlands, and Australia, as well as HomeSense and tkmaxx.com in the U.K. (combined, TJX International).
We see ourselves as a global, off-price, value retailer and our mission is to deliver great value to our customers through the combination of brand, fashion, price, and quality. We offer a rapidly changing assortment of brand name, designer and other high-quality merchandise at prices generally 20%-60% below department and specialty store regular prices on comparable merchandise, every day. With our value proposition and exciting treasure-hunt shopping experience, we believe that our demographic reach is among the widest in retail. We attract a broad range of fashion and value conscious customers across many income levels and demographic groups.
In our 40-year history, we have delivered steady sales and earnings growth and some of the highest returns on investment we have seen in retail. We have seen only one year with an annual comparable store sales decline. Further, 2016 marked our 21st consecutive year of comparable store sales increases. In April 2017, we marked our 21st consecutive year of dividend increases.
We believe that we operate one of the most flexible business models in the world and that year after year, our great flexibility has enabled us to succeed through various economic and retail environments. Our stores have no walls between departments, which enables us to expand and contract merchandise categories to respond to market trends and customers’ changing tastes. Our inventories turn rapidly, which allows us to buy close to need, with visibility into current fashion and pricing trends. We source merchandise globally from a universe of over 18,000 vendors and more than 100 countries. We see ourselves as leaders in innovation, constantly testing new ideas, seeking the right categories, current fashions and top brands, and leveraging information from our worldwide buying presence. Further, our financial strength gives us the strong foundation and flexibility to balance growth with reinvesting in our business for the future. These are some of the key factors that give us great confidence in our ability to achieve our goals for global growth.