The TJX Companies, Inc. (NYSE: TJX) was founded in 1956 and is headquartered in Framingham, Massachusetts, USA, with 198,000 full-time employees. It is a discount retailer of apparel and fashion homeware.
The TJX Companies (TJX):
The TJX Companies, Inc. is an American and international discount retailer of apparel and fashion household goods, with 3,300 stores, offering fast-updated fashion brands and designer products, and the price is higher than the normal prices of department stores and specialty stores. 20%~60% lower. TJX’s business includes four parts: Marmaxx, HomeGoods, TJX Canada, and TJX Europe.
- Marmaxx and HomeGoods mainly provide products such as apparel, home fashion, characteristic furniture, lamps, carpets, wall decorations, decorative accessories and gifts;
- TJX Canada provides jewelry and fashion home products;
- TJX Europe mainly operates TK Maxx and HomeSense chains in Europe.
The TJX Companies (TJX) history:
- In 1956, the discount department store chain Zayre Corp. was established as the predecessor of The TJX Companies, Inc.;
- In 1976, the first TJMaxx store was opened;
- In 1984, opened the first BJ’s Wholesale Club;
- In 1988, the Zayre brand was sold to a competitor-Ames, and the remaining core business TJMaxx was renamed “The TJX Companies, Inc.”;
- In 1990, TJX entered the Canadian market by acquiring 5 stores from the Winners chain;
- In 1992, TJX established the company’s third brand-HomeGoods in the United States;
- In 1994, TJX established the company’s fourth brand in the UK-TK Maxx;
- In 1995, TJX acquired the company’s fifth brand-Marshalls, which doubled the company’s size. TJMaxx and Marshalls later became the two brands of The Marmaxx Group;
- In 1996, TJX Companies Inc. became a constituent stock of S&P 500 Composite Index under Standard & Poor’s;
- In 1998, TJX established the sixth brand AJ Wright;
- In 2001, TJX established the seventh brand in Canada-HomeSense;
- In mid-2003, TJX acquired Bob’s Stores in England;
- In 2004, TJX merged Marmaxx and HomeGoods brands;
- In April 2008, TJX established HomeSense UK;
- In August 2008, TJX sold Bob’s Stores to Versa Capital Management and Crystal Capital;
- In December 2010, TJX announced the AJ Wright brand store;
- In July 2015, TJX acquired the discount retail business-Trade Secret and Home Secret from the Australian company Gazal Corporation Limited. The transaction is expected to be completed in December 2015.
The TJX Companies (TJX) investment:
Company’s official website | Market trend
Rating record:
|
2015-4-21 |
Cantor Fitzgerald |
Initial Comment |
– |
To: hold |
|
2015-2-26 |
MKM Partners |
Downgrade |
From: Buy |
To: Neutral |
|
2015-1-7 |
Telsey Advisory Group |
Downgrade |
From: Outperform the market |
To: consistent |
