TJX Companies (TJX)
Operates off-price apparel and home-fashions chains built around rapidly changing branded assortments.
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TJX buys excess branded goods and sells them through a vast network of discount stores whose shelves change constantly. The big U.S. clothing business still pays most of the bills, while home stores and overseas chains are growing faster and gradually broadening the company.
Item facts: FY2026 · year ended Jan 31, 2026, from filings, earnings calls and company pages.
Judgment weights, not filed revenue
The band summarizes business focus and direction. ~ marks estimates.
5 in detail · 13 more below
Marmaxx
TJ Maxx and Marshalls make this the core engine: $36.59B of FY2026 sales. The latest quarter brought just 1% growth at established stores after TJX stocked the wrong mix, so the holiday assortment is the watchpoint.
Competes with Ross Dress for Less stores (Ross Stores) · Burlington stores (Burlington Stores)
In plain English
Think of a treasure hunt where the shelves change every visit. Marmaxx buys branded clothing, shoes, beauty products, accessories, and home goods left over from canceled orders, factory overruns, and retailers with too much stock, then sells them for less than regular store prices.
Shoppers pay one basket at a time in TJ Maxx and Marshalls stores; their websites contribute only a small slice. Fast buying and movable store departments help TJX send the right goods to each place. Because this business supplies most company sales, a bad choice of categories quickly shows up in fewer shopping trips.
Sierra
TJX's small outdoor chain sells discounted gear and clothing through more than 150 stores as of August 2026. Its long-term room for 325 stores makes openings the key signal, but the sales base is still small.
Competes with REI Outlet (REI Co-op) · Steep & Cheap online clearance (Steep & Cheap) · Ross Dress for Less apparel and footwear (Ross Stores)
In plain English
Camping gear does not always sell before the season changes. Sierra gives outdoor brands a place to clear those leftovers, along with extra shoes, active clothing, fishing equipment, and pet goods, without turning a regular sporting-goods shop into a permanent sale rack.
Families and outdoor hobbyists buy the goods in Sierra stores or on its website. TJX earns the difference between its opportunistic purchase price and the checkout price. New locations are the main growth lever, while weather, seasonal timing, and a steady supply of desirable branded leftovers decide whether the shelves feel worth exploring.
TJX International
TK Maxx and Homesense produced $7.99B in FY2026 sales across Europe and Australia. Latest-quarter sales grew 11%, and Spain adds a new runway, but this remains TJX's lowest-profit major business by each sales dollar.
Competes with HalfPrice stores (HalfPrice) · Primark stores (Associated British Foods) · Matalan stores and e-commerce (Matalan)
In plain English
Europe and Australia are TJX's second proving ground. Under the TK Maxx and Homesense names, local stores receive changing batches of branded clothing and home goods that TJX buys from excess stock and special production around the world.
Customers pay at the store or through three European websites, and each country needs an assortment that suits local tastes. Growth comes from busier existing stores and opening in more places; Spain joined in March 2026. Money earned abroad must also be converted into U.S. dollars, so exchange-rate moves can make reported growth look stronger or weaker than the shops themselves.
TJX Canada
Winners, HomeSense, and Marshalls generated $5.63B in FY2026 sales. Established-store sales rose 6% in the latest quarter, but a footprint already near its stated capacity leaves less opening room than other growth businesses.
Competes with Giant Tiger stores (Giant Tiger) · Walmart Canada Supercentres and Walmart.ca (Walmart) · Ross Dress for Less operating model (Ross Stores)
In plain English
Three shop signs divide the work in Canada. Winners anchors the clothing-and-home offer, Marshalls adds another family fashion format, and HomeSense concentrates on furniture and decorating goods. Behind them sits the same TJX habit of buying desirable excess stock cheaply.
Canadian households create revenue whenever they visit and fill a basket; there are no big customer contracts underneath the business. The chain can grow by attracting more visits, raising the basket, or adding stores. Its purchases and results cross between Canadian and U.S. dollars, making exchange rates another moving part even when customer demand is steady.
HomeGoods
The U.S. home chain delivered $10.17B in FY2026 sales. Latest-quarter sales rose 10% and established-store sales 7%, far faster than Marmaxx, while bulky goods, freight costs, and optional decorating purchases remain the watchpoints.
Competes with At Home stores (At Home) · Burlington home assortment (Burlington Stores) · Ross Dress for Less home fashions (Ross Stores)
In plain English
A sofa, a saucepan, and a dog bed can all land in the same basket here. HomeGoods and the smaller Homesense chain buy changing lots of furniture, rugs, lamps, cookware, decorations, pet products, and specialty food, then price them below comparable full-price goods.
People pay when they decorate, move, host, give gifts, or simply spot something unexpected in a store. Freshness matters because repeat visits depend on finding a different selection. Strong traffic and new locations create growth, but large items cost more to move and handle, so freight and careful placement can decide how much money a busy store actually keeps.
MarmaxxTJ Maxx and Marshalls make this the core engine: $36.59B of FY2026 sales. The latest quarter brought just 1% growth at established stores after TJX stocked the wrong mix, so the holiday assortment is the watchpoint.TJ Maxx and Marshalls make this the core engine: $36.59B of FY2026 sales. The latest quarter brought just 1% growth at established stores after TJX stocked the wrong mix, so the holiday assortment is the watchpoint.
In plain English
Think of a treasure hunt where the shelves change every visit. Marmaxx buys branded clothing, shoes, beauty products, accessories, and home goods left over from canceled orders, factory overruns, and retailers with too much stock, then sells them for less than regular store prices.
Shoppers pay one basket at a time in TJ Maxx and Marshalls stores; their websites contribute only a small slice. Fast buying and movable store departments help TJX send the right goods to each place. Because this business supplies most company sales, a bad choice of categories quickly shows up in fewer shopping trips.
Competes with Ross Dress for Less stores (Ross Stores) · Burlington stores (Burlington Stores)
SierraTJX's small outdoor chain sells discounted gear and clothing through more than 150 stores as of August 2026. Its long-term room for 325 stores makes openings the key signal, but the sales base is still small.TJX's small outdoor chain sells discounted gear and clothing through more than 150 stores as of August 2026. Its long-term room for 325 stores makes openings the key signal, but the sales base is still small.
In plain English
Camping gear does not always sell before the season changes. Sierra gives outdoor brands a place to clear those leftovers, along with extra shoes, active clothing, fishing equipment, and pet goods, without turning a regular sporting-goods shop into a permanent sale rack.
Families and outdoor hobbyists buy the goods in Sierra stores or on its website. TJX earns the difference between its opportunistic purchase price and the checkout price. New locations are the main growth lever, while weather, seasonal timing, and a steady supply of desirable branded leftovers decide whether the shelves feel worth exploring.
Competes with REI Outlet (REI Co-op) · Steep & Cheap online clearance (Steep & Cheap) · Ross Dress for Less apparel and footwear (Ross Stores)
TJX InternationalTK Maxx and Homesense produced $7.99B in FY2026 sales across Europe and Australia. Latest-quarter sales grew 11%, and Spain adds a new runway, but this remains TJX's lowest-profit major business by each sales dollar.TK Maxx and Homesense produced $7.99B in FY2026 sales across Europe and Australia. Latest-quarter sales grew 11%, and Spain adds a new runway, but this remains TJX's lowest-profit major business by each sales dollar.
In plain English
Europe and Australia are TJX's second proving ground. Under the TK Maxx and Homesense names, local stores receive changing batches of branded clothing and home goods that TJX buys from excess stock and special production around the world.
Customers pay at the store or through three European websites, and each country needs an assortment that suits local tastes. Growth comes from busier existing stores and opening in more places; Spain joined in March 2026. Money earned abroad must also be converted into U.S. dollars, so exchange-rate moves can make reported growth look stronger or weaker than the shops themselves.
Competes with HalfPrice stores (HalfPrice) · Primark stores (Associated British Foods) · Matalan stores and e-commerce (Matalan)
TJX CanadaWinners, HomeSense, and Marshalls generated $5.63B in FY2026 sales. Established-store sales rose 6% in the latest quarter, but a footprint already near its stated capacity leaves less opening room than other growth businesses.Winners, HomeSense, and Marshalls generated $5.63B in FY2026 sales. Established-store sales rose 6% in the latest quarter, but a footprint already near its stated capacity leaves less opening room than other growth businesses.
In plain English
Three shop signs divide the work in Canada. Winners anchors the clothing-and-home offer, Marshalls adds another family fashion format, and HomeSense concentrates on furniture and decorating goods. Behind them sits the same TJX habit of buying desirable excess stock cheaply.
Canadian households create revenue whenever they visit and fill a basket; there are no big customer contracts underneath the business. The chain can grow by attracting more visits, raising the basket, or adding stores. Its purchases and results cross between Canadian and U.S. dollars, making exchange rates another moving part even when customer demand is steady.
Competes with Giant Tiger stores (Giant Tiger) · Walmart Canada Supercentres and Walmart.ca (Walmart) · Ross Dress for Less operating model (Ross Stores)
HomeGoodsThe U.S. home chain delivered $10.17B in FY2026 sales. Latest-quarter sales rose 10% and established-store sales 7%, far faster than Marmaxx, while bulky goods, freight costs, and optional decorating purchases remain the watchpoints.The U.S. home chain delivered $10.17B in FY2026 sales. Latest-quarter sales rose 10% and established-store sales 7%, far faster than Marmaxx, while bulky goods, freight costs, and optional decorating purchases remain the watchpoints.
In plain English
A sofa, a saucepan, and a dog bed can all land in the same basket here. HomeGoods and the smaller Homesense chain buy changing lots of furniture, rugs, lamps, cookware, decorations, pet products, and specialty food, then price them below comparable full-price goods.
People pay when they decorate, move, host, give gifts, or simply spot something unexpected in a store. Freshness matters because repeat visits depend on finding a different selection. Strong traffic and new locations create growth, but large items cost more to move and handle, so freight and careful placement can decide how much money a busy store actually keeps.
Competes with At Home stores (At Home) · Burlington home assortment (Burlington Stores) · Ross Dress for Less home fashions (Ross Stores)
Named in filings, launches and programs
- TJ MaxxBrandThe namesake U.S. clothing-and-home chain and one half of the giant Marmaxx store base.
- Marshalls (U.S.)BrandA complementary U.S. family-clothing, footwear, and home chain inside Marmaxx.
- Homesense (U.S.)BrandThe smaller U.S. home-only format, adding larger furniture and decorating assortments beside HomeGoods.
- WinnersBrandCanada's main TJX banner, mixing clothing and home goods under one roof.
- HomeSense (Canada)BrandCanada's home-only chain for furniture, furnishings, cookware, and decorative goods.
- Marshalls (Canada)BrandThe Canadian family-clothing, footwear, and home format alongside Winners and HomeSense.
- TK Maxx (Europe)BrandTJX's main European clothing-and-home chain, now extending into Spain.
- Homesense (Europe)BrandA home-only chain serving shoppers in the United Kingdom and Ireland.
- TK Maxx (Australia)BrandThe Australian clothing-and-home chain inside TJX International.
- Branded e-commerce sitesPlatformSix banner websites support store shopping; U.S. sites contribute only a small part of Marmaxx sales.
- TJX Rewards credit cardCustomer programSynchrony lends the money; TJX supplies rewards that encourage shoppers to return across its U.S. store family.
- Multibrand Outlet StoresEcosystemA minority-owned Mexican outlet venture with Grupo Axo; its contribution to TJX remains immaterial.
- Brands for LessEcosystemA minority-owned Middle Eastern discount-store and online venture whose contribution to TJX remains immaterial.
TJ MaxxBrand
The namesake U.S. clothing-and-home chain and one half of the giant Marmaxx store base.
Marshalls (U.S.)Brand
A complementary U.S. family-clothing, footwear, and home chain inside Marmaxx.
Homesense (U.S.)Brand
The smaller U.S. home-only format, adding larger furniture and decorating assortments beside HomeGoods.
WinnersBrand
Canada's main TJX banner, mixing clothing and home goods under one roof.
HomeSense (Canada)Brand
Canada's home-only chain for furniture, furnishings, cookware, and decorative goods.
Marshalls (Canada)Brand
The Canadian family-clothing, footwear, and home format alongside Winners and HomeSense.
TK Maxx (Europe)Brand
TJX's main European clothing-and-home chain, now extending into Spain.
Homesense (Europe)Brand
A home-only chain serving shoppers in the United Kingdom and Ireland.
TK Maxx (Australia)Brand
The Australian clothing-and-home chain inside TJX International.
Branded e-commerce sitesPlatform
Six banner websites support store shopping; U.S. sites contribute only a small part of Marmaxx sales.
TJX Rewards credit cardCustomer program
Synchrony lends the money; TJX supplies rewards that encourage shoppers to return across its U.S. store family.
Multibrand Outlet StoresEcosystem
A minority-owned Mexican outlet venture with Grupo Axo; its contribution to TJX remains immaterial.
Brands for LessEcosystem
A minority-owned Middle Eastern discount-store and online venture whose contribution to TJX remains immaterial.