The TJX Companies, Inc.’s Post

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

What did Stephen learn this week? This week I learned that a brand can live on after the physical company is gone. I’ve had a series of posts on Tuesdays that are reflections on my career. A couple of weeks ago the spotlight was on Sears Canada. The result, 6000 impressions, countless likes, shares and comments. In fact the post is still getting some love. Why? Because the Sears Canada brand lives on! Long after they left Canada. A powerful reminder that a brand is strong and can live past the company that called it their own. What did you learn this week? #brandpower #sears #reflections #whatdidilearnthisweek

I have never met Mr. Rosen but he seems to be an exceptional person, visionary, leader and results driven. Taking a historic brand and moving it forward step-by-step in a measured, intelligent, customer and brand/product oriented way. I mean this in the best possible way - it’s like he is a hybrid of old school best practices/training and applying that in a new and relevant way to change today and create a relevant brand that almost disappeared. To actually say that JC Penney does have a bright future is really mind blowing. #JCPENNEY #RETAIL #TURNAROUND #STRATEGIC #TEAMWORK

The TJX Companies, Inc. stands at a digital crossroads, affirming that not all retail spaces are tailor-made for the online realm. The internet reshaped our shopping landscape, compelling brands to adapt, yet not every store seamlessly fits into the digital equation. Enter TJX—a titan offering T.J. Maxx, MARSHALLS LLC, Homegoods, and more, both in-store and online. But here's the twist: Homegoods' online chapter recently closed, causing a slight 3% dent in TJX's earnings during Q3 of 2023. Why the shutdown? The magic of Homegoods lies in its in-store allure—an unparalleled treasure-hunt experience challenging to replicate virtually. TJX's strategy? Bolster thriving in-store ventures like Homegoods, boasting a 9% sales uptick in the third quarter, fueled by increased foot traffic. While the retail landscape leans towards savings, TJX's off-price appeal shines through. Despite online hurdles, TJX's prudent decision reflects robust management—a commitment to reinforce successful ventures. Join the retail revolution—a testament to TJX's adaptive strategies navigating the ever-changing consumer landscape. Will other big chain adopt this way of thinking? Intriguing times lie ahead in the retail realm, that's for sure. *** #TJX #Homegoods #Online #Store #Closed #News #Business #Retail

I went to the Walmart museum a couple of years ago and one of the things that stuck out was Sam Walton’s truck. He was known for never really “upgrading” when he obviously could have driven the nicest or fanciest vehicle out there. Having nice things isn’t a bad thing, but staying grounded is important too. At some point, you might consider if you are driven more by things or by impact. Will I get more cool things? Money, cars, clothes? Or Will I impact more lives, families, organizations. I want to focus on that impact. What kind of #impact are you having on the world? #checkcover3 #recruiting #transportationindustry

Publix is an exemplary case study for wholesome six-star experiences. ▶️ 90 years strong ▶️ Total layoffs in its history: 0 ▶️ A score of 83 in the American Customer Satisfaction Index (when most companies struggle to hit 60) How do they do it? ✅ Stock for every employee, making them shareholders ✅ Promote-from-within culture slashing employee churn and unhappiness ✅ Staff empowered to create "Publix Magic" — where kindness and attention take center stage Result? Cities plead for a Publix. It's not just a store or convenience — it's an experience and a community favorite.

𝗧𝗝𝗫 𝗜𝘀 𝗣𝗹𝗮𝗻𝗻𝗶𝗻𝗴 𝟭,𝟯𝟬𝟬 𝗡𝗲𝘄 𝗦𝘁𝗼𝗿𝗲𝘀 (Thoughts from our Founder & CEO) — While many retailers are caving, The TJX Companies, Inc. plan to add 1,300 new stores to its current count of 4,972 spread across 9 countries. With no limitations on brand or category segments, TJX is continually resetting the floor — allowing the retailer to consistently attract new shoppers with the latest merchandise and brands. What else makes up TJX's formula for retail success in our dynamic and unpredictable marketplace? Let's discuss. ➡️https://lnkd.in/eRG4vtVx — Robin Lewis

Sad news for all those long time employed by HBC, but the reality is department store shopping is becoming archaic -by way of the "dodo bird". Everything is digital, online, no one has time to "graze" around a department store to shop. By The Canadian Press Published July 26, 2024 at 6:40 am Jobs are being cut at Hudson’s Bay in Ontario and Canada Jobs are being cut as Hudson’s Bay Co. spins out some of its brands into a new entity called Saks Global. A Saks Global spokesperson says operational functions from across the businesses are being brought under one leadership team. The spokesperson did not say how many people would be affected by the layoffs. The creation of Saks Global was part of HBC’s US$2.65-billion acquisition of American department store chain Neiman Marcus, announced earlier in July. Under the deal, Toronto-based HBC will group Neiman Marcus Group’s banners in a new business alongside Saks Fifth Avenue and Saks Off 5th, which it has owned since 2013.

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

KING OF CSO This weekend it will be #King's Day in the Netherlands. An occasion to spotlight the King of CSO for once: Dennis Wijnstra Travelling all the way from the far north of the Netherlands, we had Dennis visiting us during our induction days. Alongside the regular team of Bente van den Bomen Peter Gronenschild Jordy Verdaasdonk Vaia Mesitsa Killian Nally Andreas Amukugo and, of course, our LP toppers Annemiek Verstegen Vincent Jansen Yanir Francisca en Robert Spitse, Dennis was present to tell a bit more about his work at The TJX Companies, Inc., Inc. Central Store Operations (CSO).   In 2016, Dennis started his retail career at TK MAXX as a Teamleader in #Groningen, under the inspiring leadership of Henk van der Spek. (today lead by amazing Hayley Gauna)   He was then promoted to Assistant Store Manager and worked in the Almere and Arnhem shops. Eventually, he moved to a position in CSO.   In this role, he is the business partner for all digital communications for our TJX Europe shops. The CSO Helpdesk is also one of his responsibilities. What exactly does that all mean? In a nutshell: If a department within TJX wants to communicate something via our Internal Associate Engagement App, this department tries to make that possible. I personally find this app a great medium, as it keeps me informed of all the fun things happening in the shop, such as parties, promotions and holidays. And there are quite a few of them. CSO s is the heart of all (digital) communication. This is also where all questions are answered as proactively as possible, everything you need to know on how to operate in a store. That is why it's important everyone has the app. Now, we recently hired a lot of new colleagues. That's why Dennis came especially to the south of the country, for a nice presentation and also to personally activate everyone in the system as part of our introduction day. Dennis had never done anything other than retail before, and was keen to know what else was behind this huge organisation. The opportunity at Central Operations gave him access to the operational heart of the organisation, where he was directly involved in implementing changes on the shop floor. For all communication issues and solutions but also operational questions that, for example, the manager cannot answer, Dennis and his team are there to save the day. Dennis is proud to work for TJX Europe: It is fantastic to notice how well we do in creating and maintaining the right working atmosphere. But also the diversity and development opportunities that TJX have are exceptional. It's fantastic to see that in such a large organisation we have a very open door approach, in the sense that everyone is equal, you dare to express your opinion, but above all you dare to be yourself. That is what is essential to us.