We would like to recognize and wish all of the Fathers in our Offices, Stores, and Distribution Centers across TJX a very happy Father's Day! 💛 #LifeAtTJX
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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
Company | TJX Companies
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Does TJX Have the Most Bulletproof Business Model in Today’s Retail Market? Our very own BrainTrust member, Jeff Sward, says the demise of the department store has been happening for longer than many people realize. Remember Filene’s? Lord & Taylor? Rich’s? Burdines? Foley’s? Marshall Field? Dayton’s? Kaufmann’s? Lazarus? Goldwater’s? Bullock’s? The Bon Marche? All relegated to the history books. The demise of the department store has been happening for longer than many people realize. While department stores were losing share, TJX Companies was growing from $9.6 billion in 2000 to $50 billion in 2022. In a recent press release, TJX’s CEO Ernie Herman said, “The third quarter is off to a very strong start and we are seeing tremendous off-price buying opportunities in the marketplace. We are in an outstanding position to continue shipping fresh and compelling merchandise to our stores and online throughout the fall and holiday selling seasons. Going forward, we continue to see excellent opportunities to grow sales and customer traffic, capture market share, and drive the profitability of our Company.” Even today, TJX is optimistic that the rest of the retail and branded world will continue to fuel its growth. #retail #retailstore #retailmarket #industryanalysis #insights #yallo #yalloretail #goyallo
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Senior Field Engineer for The Computer Dudes' Inc. thecomputerdudesinc.com We serve 6 Southern States and the World.
There was a good book and some papers on how the Executives at Sears rode the company into the ground over 20 years by not managing and taking huge salaries. It was a complex plan with many parts and players. I would like to re-read this book and those papers - anyone remember the title or where to find such now - about a decade later? I see a number of companies and retail stores that appear to be following this plan. I would like to detail the plan and how to block it in future posts for the benefit of the Company Stockholders, Employees, Customers and Local Economy. "Honesty and Quality Products" are the best way to stay in business. Money is a "Side Affect" of Quality. Always protect your employees and customers. Last but not least - DO NOT let bad owners and bad managers continue running stores visited by the public and or any company with employees and clients. More Soon Todd W. Byars Computer Dudes Tallahassee Florida #retail #failure #sears #badexecutives #badmanagement #fraud #plan #cure #save #company #employees #customers #quality #skill #instead #computerdudes
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“My youngest [child] had asked if I would become the CEO of Greggs when Roger left, and I said no. My kids all looked at me completely horrified. My daughter said to me: ‘Mum, you’ve always said that when a door opens, you’ve got to be brave and take the opportunity!’ When the role came up, their words were ringing in my ears." I love this quote from the recent article about Greggs and their CEO Roisin Currie. 😊 After 19 years with Asda in senior HR roles, Currie joined Greggs as Group People Director in 2010. Roger Whiteside, the then CEO handed her an expanded role in 2017, giving her responsibility for the chain’s outlets. She added property to her remit in 2021 and was appointed CEO in 2022. I love to see progression like this. It's a high-profile role and it would have been very attractive to external candidates. The chairman responsible for her appointment said “She’s a team player with little regard for ego and played a great role promoting those values at Greggs." Last year pre-tax profits came in at £188.3 million on sales of £1.8 billion. A long-standing bonus scheme means workers with more than six months’ service share 10 per cent of those profits. 😊 Curious if there are other HR professionals turned CEO's like Roisin. Share your thoughts! #successionplanning #HR #leadership The story of Greggs’ success and what’s coming next, by the boss. https://lnkd.in/eZH7Q75F
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TJX Companies, the Framingham-based parent that oversees low-cost retailers TJ Maxx, Marshalls, and Home Goods, is equipping some of its floor employees with body cameras in an effort to mitigate shoplifting. The program, announced in an earnings call in May, is in response to increasing levels of retail theft and lost merchandise, known in the industry as “shrinkage.” Financial losses from shrink, which includes theft as well as fraud and employee error, swelled to $112.1 billion for all retailers in 2022, according to the most recent figures from the National Retail Federation. However, the alarm over shoplifting has drawn skepticism from some quarters. Read the full story. https://trib.al/cHsBU6d
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Co-Founder, Managing Director at Retail Expansion Commercial Real Estate Professional | Strategic Thinker | Bilingual | Consulting | Building New Business | Retail Real Estate | NYC-Mexico City
🌟 Exciting News in Mexican Retail! 🌟 Never too late to share this exciting news, TJX Companies, the powerhouse behind TJ Maxx, HomeGoods, and Marshalls, is expanding into Mexico through a dynamic partnership with Grupo Axo! 🇲🇽 Key Highlights: 🔹 Strategic Partnership: This collaboration will see TJX and Grupo Axo operating and expanding Axo’s off-price store business, including over 200 locations such as Promoda, Reduced, and Urban Store. In this joint venture, TJX will own 49%, while Grupo Axo will hold 51%. 🔹 Growth Potential: With Axo’s extensive experience of 30 years in the Mexican market and TJX’s prowess as an international, off-price retailer, this partnership is poised to deliver exceptional value to consumers in Mexico. 🔹 Global Expansion: This move underscores TJX's commitment to reaching new markets and reinforces the global appeal of off-price retail amidst economic uncertainties. TJX plans to add over 1,300 new stores across the U.S., Canada, Europe, and Australia in the coming years, with immediate plans including 10 new stores in Canada, 15 in Europe, and five in Australia just this year. 🔹 Consumer Value: TJX continues to offer great value to fashion and value-conscious consumers. This expansion into Mexico aligns perfectly with the growing trend of consumers seeking budget-friendly yet stylish options worldwide. Kudos to TJX and Grupo Axo for this strategic vision. Can’t wait to see how this unfolds and impacts the retail landscape in Mexico!!! 🇲🇽 #retailexpansion #Retail #RetailRealEstate #Mexico #RetailNews #TJXExpansion #MexicoMarket #GrowthStrategy #RetailInnovation #GlobalExpansion #TJX #GrupoAxo #MexicoMarket #RetailGrowth #DigitalMarketing #ConsumerValue Feel free to comment and share your thoughts! https://lnkd.in/gCuBifsv
TJX to expand into Mexico
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What I learned from TJ Maxx: People don’t buy value; they buy perceived value. #businessstrategy #growthstrategy
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“Standing on a corner watching all the girls go by. Brother you don’t know a nicer occupation. Matter of fact, neither do I” Dean Martin knew the advantage of a strategic corner lot and so does this Walgreens. Here’s your chance to own your own corner, just like the King of Cool Thank us later. _ #commericalrealestate #luxuryrealestate #commercialrealestateagent #realestateagency #realestate #NNN #1031 #STNL #propertyinvestment #commericalrealestateinvestment
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Nowadays, it’s not just police wearing body cameras. TJX, the parent company of TJ Maxx, Marshalls, and HomeGoods, are equipping their hourly security workers with body cameras. The goal is to reduce shoplifting and ensure the safety of customers and employees. During an earnings call last month, TJX’s finance chief, John Klinger, said that the body cameras serve as a form of “de-escalation, where people are less likely to do something when they’re being videotaped.” TJX is not the only retailer considering this approach. According to a survey conducted by the National Retail Federation, 35% of major U.S. retailers revealed that they were exploring the use of body cameras for their store workers.
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What to look out for when shopping the high street. Check out my finds in M&S and go watch the video! And here are the 6 questions to ask yourself when you buy from the high street. 1. Am I saying ‘it’ll do’, if so walk away. 2. Does it get me excited, bring something new or elevated to my wardrobe? 3. Would I pay twice the price for it? 4. Do I feel amazed that I am buying it from here and not a more expensive store? 5. When I put it on do I hold my head up high and feel proud to wear it or is there a niggling feeling that I could do better? 6. How does it feel against my skin? To shop my picks visit this board https://lnkd.in/eRaaPnU8
What's good in Marks & Spencer?
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