The company is based in Framingham, Massachusetts. Registered as an American apparel and home goods company, it started out as the Zayre, a discount department store chain created in 1956. It operates through its four primary divisions: Sierra Trading Post, Marshalls, T.J. Maxx and HomeGoods. The Marmaxx Group is the combination of their T. J. Maxx and Marshalls operations. As of 2013, the company has more than 3,200 stores in 6 countries, including in the United Kingdom, Canada, Germany, Ireland and in Poland. Their revenue is also generated from their 3 e-commerce sites. They have over 191,000 associates to date.
People who shop at their stores are able to enjoy about 20% to 60% off the price featured in department stores and specialty stores. They carry products of great quality, name and price tag. The price difference that they are offering is mainly attributed to their efforts of globally sourcing their merchandise from over 16,000 vendors in 75 countries. They continue to innovate their offerings while keeping abreast of the latest fashion and keeping connected to some of the world’s top brands.
The company’s success is mainly attributed to their flexibility to adapt to the ever changing market trends. In more than 37 years, the company has seen a rise in their growth and earnings with only 1 year of failed returns. The business model they have adopted is one of the most flexible in the world and has greatly resulted in the success of the enterprise.
TJX continues to market top brands of apparel and home fashion in all these countries. It has become the United Kingdom’s first off-price retailer, and a well loved name in retailing in the United States and Canada.