TJX Companies, Inc. (The)

TJX: TJX is a leading off-price retailer of apparel, home fashions, and other merchandise. It sells a variety of branded goods, opportunistically buying inventory from a network of over 21,000 vendors worldwide. TJX targets undercutting conventional retailers' regular prices by 20%-60%, capitalizing on a flexible merchandising network, low-frills stores, and a treasure-hunt shopping experience to drive margins and inventory turnover. TJX derived 77% of fiscal 2023 revenue from the United States, with 12% from Europe (mostly the United Kingdom and Germany), 10% from Canada, and the remainder from Australia. The company operated more than 4,800 stores at the end of fiscal 2023 under the T.J. Maxx, T.K. Maxx, Marshalls, HomeGoods, Winners, Homesense, and Sierra banners.