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Apparel and fashion household goods discount retailer: TJX Companies (TJX) (1956)

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 Logo

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.

  1. Marmaxx and HomeGoods mainly provide products such as apparel, home fashion, characteristic furniture, lamps, carpets, wall decorations, decorative accessories and gifts;
  2. TJX Canada provides jewelry and fashion home products;
  3. 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

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