We would like to recognize and wish all of the Fathers in our Offices, Stores, and Distribution Centers across TJX a very happy Father's Day! 💛 #LifeAtTJX
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Today, let's talk about TJX Companies, which demonstrated one of the best results among the companies that published financial statements last week. TJX published its latest report on February 28. 70% of the revenue structure is made up of manufacturing costs and 30% of gross revenue. Over the past quarter, the company made a profit of $1.4B. And its market capitalization is now $112B. TJX Companies is a discount retailer of clothing and accessories from Fortune 100. The company has almost 5K stores, and about 75% of its revenue comes from the United States. TJX Companies operates in the specialty retail industry. It was founded in 1987. In 1989, it went public on the NYSE and in 1996 was included in the S&P 500 index. For the past 8 years, the company has been headed by Ernie Herrman and a team of experienced managers. The main competitors of TJX Companies are Home Depot, Ross Stores and Best Buy. As you can see from the table above, some of them are ahead of TJX Companies in terms of capitalization, but the company has a number of competitive advantages. The strengths of TJX Companies are based on a wide range of products. The company has 21K partners and sells their goods at a discount of 20-60%. Due to this, over the past decade, TJX has opened an average of 173 new stores annually, which is an increase of 4.4% per year. Over the past three months, TJX Companies stock has risen by 11%. At the same time, the Consumer Discretionary sector, to which the company belongs, also grew by 11%, and the S&P 500 index by 12%. As you can see, TJX Companies shares show the same dynamics as the sector, but do not outperform the index. https://lnkd.in/dbdWDPH6
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Does TJX Have the Most Bulletproof Business Model in Today’s Retail Market? Our very own BrainTrust member, Jeff Sward, says the demise of the department store has been happening for longer than many people realize. Remember Filene’s? Lord & Taylor? Rich’s? Burdines? Foley’s? Marshall Field? Dayton’s? Kaufmann’s? Lazarus? Goldwater’s? Bullock’s? The Bon Marche? All relegated to the history books. The demise of the department store has been happening for longer than many people realize. While department stores were losing share, TJX Companies was growing from $9.6 billion in 2000 to $50 billion in 2022. In a recent press release, TJX’s CEO Ernie Herman said, “The third quarter is off to a very strong start and we are seeing tremendous off-price buying opportunities in the marketplace. We are in an outstanding position to continue shipping fresh and compelling merchandise to our stores and online throughout the fall and holiday selling seasons. Going forward, we continue to see excellent opportunities to grow sales and customer traffic, capture market share, and drive the profitability of our Company.” Even today, TJX is optimistic that the rest of the retail and branded world will continue to fuel its growth. #retail #retailstore #retailmarket #industryanalysis #insights #yallo #yalloretail #goyallo
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“Standing on a corner watching all the girls go by. Brother you don’t know a nicer occupation. Matter of fact, neither do I” Dean Martin knew the advantage of a strategic corner lot and so does this Walgreens. Here’s your chance to own your own corner, just like the King of Cool Thank us later. _ #commericalrealestate #luxuryrealestate #commercialrealestateagent #realestateagency #realestate #NNN #1031 #STNL #propertyinvestment #commericalrealestateinvestment
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What I learned from TJ Maxx: People don’t buy value; they buy perceived value. #businessstrategy #growthstrategy
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Senior Field Engineer for The Computer Dudes' Inc. thecomputerdudesinc.com We serve 6 Southern States and the World.
There was a good book and some papers on how the Executives at Sears rode the company into the ground over 20 years by not managing and taking huge salaries. It was a complex plan with many parts and players. I would like to re-read this book and those papers - anyone remember the title or where to find such now - about a decade later? I see a number of companies and retail stores that appear to be following this plan. I would like to detail the plan and how to block it in future posts for the benefit of the Company Stockholders, Employees, Customers and Local Economy. "Honesty and Quality Products" are the best way to stay in business. Money is a "Side Affect" of Quality. Always protect your employees and customers. Last but not least - DO NOT let bad owners and bad managers continue running stores visited by the public and or any company with employees and clients. More Soon Todd W. Byars Computer Dudes Tallahassee Florida #retail #failure #sears #badexecutives #badmanagement #fraud #plan #cure #save #company #employees #customers #quality #skill #instead #computerdudes
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This isn't the Macy's parade you expected. Just last week, the retailer announced a major change in strategy that included store closings and a smaller-store format. Not if Arkhouse Management and Brigade Capital Management have anything to say about it as the investor group upped its takeover bid to $6.6 billion. The new offer, which represents a 33% premium to Macy's shares, will be difficult to ignore given consumer behavior shifts and general headwinds department stores face. And before you think accepting this bid will save the retailer, think again. So why would anyone pay so much for Macy's? Two words: real estate. With some 500 stores, mostly mall anchors as well as downtown flagships like those in New York City, Chicago and San Francisco, Macy’s has some serious real estate holdings. Conservatively speaking, Macy’s real estate could be worth $5 billion to $7 billion, but likely more. Ironically, San Francisco's flagship store which has been in its location for nearly a century is slated for closure upon finding a buyer for the property. Having said that, if Macy's goes private as the investor group plans to do if it can acquire the retailer, the focus will likely be on developing the real estate properties rather than investing further in the core retail business. In any case, Macy's is finding itself between a rock and hard place. On one side, investors see the writing on the wall with physical retail and likely seeking some way to cash out. On the other, going private under the ownership of an activist investment group may provide a temporary lifeline, but inevitably may hasten the end of the retailer https://lnkd.in/gbcjeYx8 #macys #retail #acquisition #business #ecommerce #realestate
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Nowadays, it’s not just police wearing body cameras. TJX, the parent company of TJ Maxx, Marshalls, and HomeGoods, are equipping their hourly security workers with body cameras. The goal is to reduce shoplifting and ensure the safety of customers and employees. During an earnings call last month, TJX’s finance chief, John Klinger, said that the body cameras serve as a form of “de-escalation, where people are less likely to do something when they’re being videotaped.” TJX is not the only retailer considering this approach. According to a survey conducted by the National Retail Federation, 35% of major U.S. retailers revealed that they were exploring the use of body cameras for their store workers.
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There are eight remaining JCPenney stores in the Bay Area - located in City of Antioch, City of Concord, City of Fairfield, California, City of Hayward, City of Pleasanton, City of San Bruno, City of San José and City of Santa Rosa. Recent closures in the Bay Area include the ones in Daly City and Newark, which both closed in 2019. Once upon a time, JCPenney was a staple of many shopping centers across the country. It was one of those big-box retail department stores that seemingly every suburb in America had — in addition to stores like Macy’s and Sears. JCPenney, at one point in 1974, had more than 1,900 total stores across the country, according to Forbes. For retailers like JCPenney and Sears, the glory days — during the 1960s through 1980s when every mall in the county seemed to have either store — now appear to be a distant memory of the past. In May 2020, JCPenney filed for Chapter 11 bankruptcy. Unsurprisingly, the move resulted in the company closing many stores, including here in the Bay Area. https://lnkd.in/gz_xhYC9 #DepartmentStores #BayArea #EconomicDevelopment #Retail
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Believing in direct connections, Jordan Raddant, we are excited to establish a solid business relationship in 2024. #BrokerFreeBusiness #CuttingOutBrokers #DirectConnections #BusinessWithoutBrokers #BrokerFreeZone #SimplifyBusiness #NoMiddleman #DirectDeals #EfficiencyOverBrokers #independentbusiness
This past summer we where awarded a lot of Kohls stores through a national contractor to perform lot marking and signage across the Midwest. Are prices to them seemed fair, I can’t imagine what they charged for no skin in the game. Took forever to pay and we the self performing contractor took all the risk. I will never work for that contractor again. Kohl's we make you look good CESO, INC. We would love to work direct. We have the capabilities to do so. Jordan Raddant please reach out to the contractor who perform your work. 708.514.2676 or [email protected]. Collin Ryan
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We’ll be at SEARS in 2 days! We’re looking forward to seeing these speakers sharing their perspectives as thought and practical executive leaders in the industry. Can’t wait to see what Alan Shaw at Norfolk Southern, Joe Hinrichs at CSX, and Reed Janousek at Union Pacific Railroad have to share about rail and transloading on the East Coast. See you there! #transloaging #intermodal #railshipping #shippingexperts #logistics #supplychain
One week from today SEARS 2024 spring meeting starts!We have the highest registration in SEARS history. Keynote speakers from Norfolk Southern, CSX & Union Pacific Railroad Still time to register for an amazing lineup of speakers and great networking oppotunites - visit https://cvent.me/eYq7vZ for meeting details and registration.
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