What companies are owned by TJX? This question often arises when discussing the global retail powerhouse behind several off-price fashion and home goods brands. TJX Companies, Inc. has built a retail empire through strategic acquisitions and brand development. It owns and operates some of the most recognizable off-price retail chains in the United States and abroad.
This article explores TJX’s company profile, ownership structure, the list of brands it controls, executive leadership, and its financial strength in 2025.
TJX Company Profile
TJX Companies, Inc. is the world’s leading off-price retailer of apparel and home fashions. It operates a network of over 4,800 stores across nine countries and maintains a consistent focus on value-oriented shopping. Rather than selling products at suggested retail prices, TJX offers brand-name and designer merchandise at 20% to 60% below department and specialty store prices. This off-price model has helped the company remain profitable through various economic cycles and changing consumer trends.
The company has a simple but effective strategy: purchase quality merchandise through opportunistic buying and offer it at significantly discounted prices. The ever-changing inventory and “treasure hunt” shopping experience have been key to attracting repeat customers.
Company Details
- Full Name: The TJX Companies, Inc.
- Ticker Symbol: TJX
- Founded: 1956 (as Zayre Corp.)
- Headquarters: Framingham, Massachusetts, USA
- Industry: Retail – Off-Price
- Employees: Over 340,000 globally (2025 estimate)
- Operations: United States, Canada, United Kingdom, Ireland, Germany, Poland, Austria, Netherlands, and Australia.
TJX operates through four main business divisions:
- Marmaxx Group (T.J. Maxx and Marshalls in the U.S.)
- HomeGoods Division (HomeGoods and Homesense in the U.S.)
- TJX Canada (Winners, Homesense, Marshalls)
- TJX International (TK Maxx and Homesense in Europe and TK Maxx in Australia).
Founders of TJX
The origins of TJX trace back to Zayre Corp., a discount department store chain founded by Stanley Feldberg and Sumner Feldberg in 1956. The Feldberg brothers launched Zayre to capitalize on the post-war consumer boom and suburban growth.
In 1977, the company launched T.J. Maxx as an off-price division of Zayre. This concept became so successful that in 1987, Zayre sold its namesake stores and reorganized as The TJX Companies, Inc., focusing entirely on off-price retail.
Major Milestones
- 1956: Zayre Corp. is founded in Massachusetts by Stanley and Sumner Feldberg.
- 1977: T.J. Maxx is launched as an off-price retail brand.
- 1987: Zayre reorganizes as The TJX Companies, Inc., spinning off its department store business.
- 1990: TJX enters Canada by acquiring the Winners chain.
- 1992: HomeGoods is launched in the U.S., focusing on home décor and furnishings.
- 1995: TJX acquires Marshalls, forming the Marmaxx Group, the largest off-price apparel retailer in the U.S.
- 1994: TJX launches TK Maxx in the U.K., expanding into Europe.
- 2001: Homesense is introduced in Canada.
- 2012: Sierra Trading Post is acquired to enter the outdoor and active lifestyle category.
- 2015: TJX acquires Trade Secret in Australia and later rebrands it to TK Maxx.
- 2017: Homesense launches in the U.S. as a complementary home store to HomeGoods.
- 2020–2025: TJX expands e-commerce presence and continues global store growth despite economic challenges.
TJX has grown steadily through diversification, geographic expansion, and a focus on disciplined inventory management. Its strategic brand development has helped it become a global retail leader without relying heavily on full-priced inventory models.
Who Owns TJX?
TJX is a publicly traded company listed on the New York Stock Exchange under the ticker symbol “TJX.” The ownership of TJX is distributed among institutional investors, mutual funds, and individual shareholders.
Here’s a list of the largest shareholders of TJX Companies as of July 2025:
Vanguard Group – Approx. 8.99% Ownership
The Vanguard Group is TJX’s largest single shareholder in 2025, owning about 100.4 million shares, which translates to approximately 8.99% of the total outstanding shares. Vanguard is one of the world’s leading asset managers, and its investment in TJX is largely spread across its index funds and retirement products such as:
- Vanguard Total Stock Market Index Fund
- Vanguard 500 Index Fund
- Vanguard Institutional Index Fund
Vanguard’s significant stake is passive in nature, reflecting its long-term investment strategy across the broader retail and consumer discretionary sectors. Its presence signals investor confidence in TJX’s ability to generate steady cash flows and shareholder returns.
BlackRock Inc. – Approx. 9.00% Ownership
BlackRock holds a nearly identical stake in TJX as Vanguard, with about 100.5 million shares, representing around 9.00% of ownership. As the largest asset manager globally, BlackRock holds its TJX position mainly through its iShares ETFs and institutional funds, including:
- iShares Core S&P 500 ETF
- iShares Russell 1000 ETF
- BlackRock Equity Dividend Fund
BlackRock supports companies with robust business models and predictable earnings, and TJX fits well in its risk-adjusted investment philosophy. Like Vanguard, BlackRock exerts no direct management control but is influential in shareholder governance decisions such as voting on board members and sustainability disclosures.
State Street Global Advisors – Approx. 4.38% Ownership
State Street, another major institutional player, owns approximately 48.3 million shares in TJX, giving it 4.38% ownership. State Street’s investment is mainly channeled through its SPDR ETFs and pension portfolios. Key investment vehicles include:
- SPDR S&P 500 ETF Trust
- State Street Equity 500 Index Fund
State Street’s stake reflects confidence in TJX’s stable earnings and low debt load. As with other index-based investors, it maintains a long-term passive strategy.
Wellington Management – Approx. 3.09% Ownership
Wellington Management, a Boston-based asset management firm, controls around 34.5 million shares of TJX, amounting to 3.09% of ownership. Unlike passive index funds, Wellington is known for its active investment management approach. This suggests that it sees unique value in TJX’s strategy, international footprint, and off-price retail model.
Wellington’s active interest might also play a role in influencing company strategy and pushing for long-term value creation initiatives.
Fidelity (FMR LLC) – Approx. 2.76% Ownership
Fidelity Investments, operating through FMR LLC, holds about 30.8 million shares or 2.76% of TJX stock in 2025. Its stake is spread across multiple mutual funds and active investment products, such as:
- Fidelity Contrafund
- Fidelity Growth Company Fund
- Fidelity Blue Chip Growth Fund
Fidelity has a history of investing in consumer discretionary firms that show strong fundamentals and growth potential, and its interest in TJX is aligned with this philosophy.
Geode Capital Management – Approx. 2.31% Ownership
Geode Capital, a smaller yet influential player, manages about 25.8 million shares, equivalent to 2.31% of ownership. It manages index strategies for Fidelity and other financial institutions. Geode typically mirrors the holdings of major benchmarks like the S&P 500 and Russell 1000. Its presence in TJX reflects the company’s large-cap status and index inclusion.
Other Institutional Shareholders
In addition to the top shareholders above, several other institutions each hold between 1–2% of TJX shares. These include:
- Capital Research & Management
- UBS Asset Management
- Eaton Vance Management
- Northern Trust Investments
- J.P. Morgan Asset Management.
Together, these shareholders further diversify TJX’s ownership, reduce volatility in its stock, and support a broad investment base.
Insider Ownership – Less than 0.15%
Insiders, which include TJX’s board members, executive officers, and key employees, collectively hold less than 0.15% of the company’s stock. This is a very small share, reflecting the company’s institutional-heavy structure. However, key executives often receive restricted stock units (RSUs) and performance-based shares as part of their compensation packages, which aligns management’s interests with shareholders.
Retail and Individual Investors – Around 7–8%
The general public and retail investors own approximately 7.5%–8.0% of TJX. These are everyday investors who buy shares through brokerage platforms. While their collective holding is modest, they play an important role in daily trading volume and stock momentum. Many of these investors hold TJX stock for dividend income and defensive retail exposure.
Geographic Breakdown of Ownership
As of 2025, the majority of TJX’s institutional shareholders are based in the United States, followed by:
- United Kingdom – approx. 9%
- Canada – approx. 4.5%
- France, Sweden, Germany, and Japan – combined small stakes
This global institutional base highlights the broad international investor interest in TJX’s business model.
List of Brands and Companies Owned by TJX
TJX Companies, Inc. directly owns and operates a portfolio of major retail brands across North America, Europe, and Australia.
As of 2025, TJX remains focused on its off-price business model and does not operate through any subsidiaries or parent companies. Each brand targets specific customer demographics or product categories but follows the same core principles of quality and value.
Below is a list of the major brands owned by TJX as of July 2025:
| Brand/Entity Name | Region of Operation | Focus Area | Ownership | Key Notes |
|---|---|---|---|---|
| T.J. Maxx | United States | Off-price apparel, home goods | Fully owned by TJX | Flagship brand with over 1,200 stores. |
| Marshalls (U.S.) | United States | Apparel, footwear, accessories | Fully owned by TJX | Operates under The Marmaxx Group with T.J. Maxx. |
| HomeGoods | United States | Home décor and furnishings | Fully owned by TJX | Over 900 stores; often paired with T.J. Maxx or Marshalls. |
| Homesense (U.S.) | United States | Furniture, lighting, home fashion | Fully owned by TJX | More upscale and larger-scale home furnishings. |
| Sierra | United States | Outdoor gear and active lifestyle | Fully owned by TJX | Formerly Sierra Trading Post; focuses on performance and outdoor categories. |
| Winners | Canada | Apparel, footwear, home goods | Fully owned by TJX | One of Canada’s leading off-price retailers. |
| Homesense (Canada) | Canada | Home décor, furniture, seasonal items | Fully owned by TJX | Launched in 2001, works closely with Winners. |
| Marshalls (Canada) | Canada | Fashion and accessories | Fully owned by TJX | Entered Canada in 2011; complements Winners. |
| TK Maxx (U.K.) | United Kingdom | Fashion, footwear, home goods | Fully owned by TJX | Operates since 1994 with over 300 stores. |
| Homesense (U.K.) | United Kingdom & Ireland | Home décor, furniture | Fully owned by TJX | Launched in 2008; placed near TK Maxx stores. |
| TK Maxx (Germany) | Germany | Fashion, home goods | Fully owned by TJX | Fast-growing market in continental Europe. |
| TK Maxx (Poland) | Poland | Apparel, home products | Fully owned by TJX | Strong presence in Eastern Europe. |
| TK Maxx (Austria) | Austria | Off-price retail | Fully owned by TJX | Shares operational logistics with Germany. |
| TK Maxx (Netherlands) | Netherlands | Fashion, homeware | Fully owned by TJX | Entered market in 2015, steadily expanding. |
| TK Maxx (Ireland) | Republic of Ireland | Off-price retail | Fully owned by TJX | Operates with localized pricing and sourcing. |
| TK Maxx (Australia) | Australia | Apparel, accessories, home items | Fully owned by TJX | Formerly Trade Secret; rebranded in 2017. |
| TJX Digital (U.S.) | United States | E-commerce | Fully owned by TJX | Includes tjmaxx.com, marshalls.com, sierra.com. |
| TJX Digital (U.K.) | United Kingdom | E-commerce | Fully owned by TJX | Operates tkmaxx.com for U.K. customers. |
| TJX Global Buying Offices | U.S., Europe, Asia | Merchandise sourcing | Fully owned by TJX | Offices in NY, Milan, London, Hong Kong, Bangkok, Shanghai, LA. |
| TJX Distribution Centers | U.S., Canada, Europe, Australia | Inventory and logistics | Fully owned by TJX | Key infrastructure for fast inventory turnover across all brands. |
T.J. Maxx
T.J. Maxx is the flagship brand of TJX in the United States. It was launched in 1977 and is one of the largest off-price department stores in the country. T.J. Maxx sells brand-name clothing, accessories, beauty items, footwear, and home goods at significantly lower prices than department stores.
T.J. Maxx operates over 1,200 stores nationwide and shares back-end operations like logistics and sourcing with its sister brand Marshalls. It remains the cornerstone of TJX’s U.S. retail operations.
Marshalls
Acquired by TJX in 1995, Marshalls is one of the key components of “The Marmaxx Group” along with T.J. Maxx. While it offers many of the same types of merchandise, Marshalls focuses more on family footwear, men’s fashion, and a larger athletic wear section.
By 2025, Marshalls has over 1,100 stores across the United States. It maintains a similar store layout and price range as T.J. Maxx but provides slight differentiation in product mix and store experience.
HomeGoods
HomeGoods was launched by TJX in 1992 to focus exclusively on home décor and furnishings. It has grown into one of the most successful home-focused off-price chains in the U.S.
HomeGoods stores offer furniture, bedding, rugs, kitchenware, wall décor, and seasonal products. The brand now operates over 900 stores in the U.S. and continues to expand. It often shares retail space with T.J. Maxx or Marshalls under one roof but is operated as a distinct brand.
Homesense (U.S.)
Homesense was introduced to the U.S. market in 2017 to complement HomeGoods. It features a more expansive range of large-scale furniture, lighting, wall art, and European-style décor. Unlike the Canadian version of Homesense, the U.S. version is more focused on deep home fashion rather than small goods.
As of 2025, Homesense continues its slow and selective expansion, with stores in major metropolitan areas. It is often placed in affluent suburban locations where demand for high-end home furnishings is strong.
Sierra
Sierra, formerly known as Sierra Trading Post, was acquired by TJX in 2012. The brand specializes in off-price outdoor gear, activewear, and footwear. It sells products for hiking, running, camping, fitness, and cold-weather activities.
Sierra targets outdoor enthusiasts who are looking for performance gear at reduced prices. It operates as a standalone chain, with a growing number of stores throughout the U.S., especially in regions with active lifestyle communities.
Winners
Winners is TJX’s primary retail brand in Canada. Acquired in 1990, it closely resembles the U.S.-based T.J. Maxx in terms of merchandise and store format. Winners offers discounted fashion, footwear, accessories, and home décor.
Winners is highly recognized in the Canadian retail space and operates over 270 stores across the country. It serves as the anchor for TJX’s Canadian operations.
Homesense (Canada)
Launched in Canada in 2001, Homesense is the Canadian counterpart to HomeGoods in the U.S. It specializes in home décor, furniture, seasonal goods, lighting, and decorative accessories.
Homesense Canada often shares space with Winners stores but maintains a distinct brand identity. It has over 130 locations nationwide as of 2025 and continues to be a major player in Canadian home retail.
Marshalls (Canada)
Marshalls expanded into the Canadian market in 2011. While it retains the brand’s core identity from the U.S., the product assortment is tailored for Canadian shoppers. The stores offer clothing, shoes, accessories, and some home products.
By 2025, Marshalls Canada has over 100 stores and complements the Winners and Homesense brands as part of TJX Canada.
TK Maxx (Europe)
TK Maxx is TJX’s European retail chain. It was launched in the United Kingdom in 1994. The name was slightly modified from “T.J. Maxx” to avoid confusion with a pre-existing UK brand.
TK Maxx operates in the U.K., Ireland, Germany, Poland, Austria, and the Netherlands. It offers fashion, accessories, home goods, and toys at lower prices. The chain has over 700 stores across Europe and continues to be TJX’s largest international brand.
Homesense (Europe)
Homesense was introduced in the U.K. and Ireland in 2008. It serves as the home furnishings companion to TK Maxx in Europe. The stores focus on large furniture, lighting, rugs, and kitchenware.
Homesense stores in Europe are often located near TK Maxx outlets and target similar value-seeking customers. The chain has grown gradually and is now present in key urban and suburban markets.
TK Maxx (Australia)
TJX entered the Australian market by acquiring the Trade Secret retail chain in 2015. In 2017, all Trade Secret stores were rebranded as TK Maxx.
TK Maxx Australia operates just like its European and U.S. counterparts, selling fashion and home merchandise at discounted prices. As of 2025, the brand is growing slowly but steadily, with over 70 stores in major Australian cities.
T.K. Maxx Germany, Poland, Austria & Netherlands
While part of the broader TK Maxx brand, TJX operates dedicated business divisions in several European countries outside the U.K. Each market is adapted to local trends and pricing behaviors. Germany and Poland are among the strongest growth markets for TJX in Europe. The stores sell a mix of fashion, homeware, and children’s goods.
These European entities are structured under TJX Europe, which is headquartered in Watford, England. While the branding remains consistent with TK Maxx U.K., product sourcing, store layouts, and marketing are localized per country.
T.K. Maxx Ireland
Operating under the same branding as its U.K. counterpart, TK Maxx Ireland has a separate operational strategy due to currency and market differences. It includes several full-sized stores across the Republic of Ireland and contributes to TJX’s revenue in the European region.
T.K. Maxx Netherlands
TJX entered the Dutch market in 2015. TK Maxx Netherlands now includes stores in major cities such as Amsterdam, Rotterdam, and The Hague. It is part of the company’s push to expand in Northern Europe and shares logistics and supply chain operations with Germany and the U.K.
TJX Digital Division (U.S. & Europe)
While TJX is primarily a brick-and-mortar retailer, it operates a growing digital commerce segment. In the U.S., tjmaxx.com, marshalls.com, and sierra.com are active e-commerce platforms offering limited online selections. In Europe, tkmaxx.com/uk provides online shopping for U.K. customers.
Though still a small portion of revenue, these online channels are owned and operated internally by TJX and allow the company to test hybrid retail strategies.
TJX Global Buying Offices
TJX also owns and operates several global buying offices across the world. These are not customer-facing brands but are essential to its procurement strategy. Offices are located in:
- New York
- Los Angeles
- London
- Milan
- Bangkok
- Hong Kong
- Shanghai
These buying entities work directly with manufacturers, designers, and liquidators to acquire merchandise for all TJX brands. While not retail brands themselves, these offices are integral operational units wholly owned by TJX.
TJX Distribution and Logistics Centers
TJX owns and operates more than two dozen large distribution centers across the U.S., Canada, Europe, and Australia. These centers are customized for fast inventory turnover and cross-brand distribution. Although not consumer-facing, they are part of the company’s infrastructure and are directly owned, staffed, and managed by TJX.
Who is the CEO of TJX?
As of 2025, the Chief Executive Officer and President of The TJX Companies, Inc. is Ernie Herrman. He has steered the company’s off-price retail empire with a focus on value, expansion, and adaptability.
Ernie Herrman – Profile and Background
Ernie Herrman is the Chief Executive Officer and President of The TJX Companies, Inc. as of 2025. He has held the CEO position since January 2016 and has been with the company for over 35 years. His leadership has seen TJX become the world’s largest off-price retailer of apparel and home fashions.
Herrman is widely respected in the retail industry for his operational discipline, deep understanding of customer behavior, and ability to navigate complex supply chains. Under his leadership, TJX has surpassed significant growth milestones, including record-breaking revenue in 2025 and expansion into new international markets.
Career Path within TJX
Ernie Herrman joined TJX in 1989 as a buyer. Over the years, he held several senior merchandising and management positions:
- In 2004, he was promoted to Chief Operating Officer of Marmaxx.
- From 2005 to 2008, he served as President of Marmaxx, overseeing T.J. Maxx and Marshalls.
- Between 2008 and 2011, Herrman acted as Group President, leading Marmaxx, HomeGoods, and TJX Canada.
- In 2011, he became President of TJX and joined the executive leadership team.
- By 2015, he was added to the TJX Board of Directors and formally took over as CEO in 2016.
His steady progression within TJX has made him one of the most experienced executives in the off-price retail industry.
Strategic Leadership and Vision
Ernie Herrman has built his reputation on balancing aggressive growth with careful execution. He introduced an agile merchandise sourcing strategy, allowing TJX to capitalize on market surpluses, vendor excess inventory, and economic shifts. Key elements of his leadership include:
- Expanding the “treasure-hunt” experience in stores, encouraging discovery-based shopping.
- Investing in physical store growth even as other retailers shifted online.
- Prioritizing vendor relationships to secure high-quality branded merchandise at lower prices.
- Diversifying global sourcing and distribution to mitigate supply chain disruptions.
In 2025, TJX operated over 5,100 stores across nine countries. The company added over 250 stores globally between 2023 and 2025 under Herrman’s leadership.
Performance in 2025
Under Herrman’s guidance, TJX reported annual revenue exceeding $56.6 billion in fiscal year 2025. The company also posted record net income and strong comparable-store sales across all divisions—Marmaxx (T.J. Maxx and Marshalls), HomeGoods, TJX Canada, and TJX International.
In investor communications, Herrman emphasized customer loyalty and value pricing as the cornerstones of the company’s resilience and performance—even amid global economic uncertainty.
Contract Extension and Board Involvement
In February 2025, TJX announced that Herrman’s contract had been extended until January 29, 2028. This decision was made in recognition of his strong leadership and the company’s continued growth under his guidance. He continues to serve on the Board of Directors and is involved in long-term strategy planning, succession planning, and operational oversight.
Compensation and Shareholding
In fiscal year 2025, Ernie Herrman’s total compensation package was valued at approximately $23.48 million. This included:
- Base salary: $1.7 million
- Stock awards: $12.6 million
- Non-equity incentive compensation: $6.95 million
- Other forms of compensation: $2.23 million.
He owns approximately 565,143 shares of TJX stock, making him one of the largest individual insider shareholders. His estimated personal net worth in 2025 is around $105.7 million, largely driven by accumulated stock holdings and long-term executive compensation.
Public Image and Management Style
Ernie Herrman is known for his low-profile media presence and focus on internal company culture. He frequently credits TJX’s success to its associates, buyers, and long-term vendor relationships. He is described by colleagues as pragmatic, detail-oriented, and customer-obsessed.
He avoids flashy announcements and focuses on what he calls “retail fundamentals”: fresh inventory, consistent foot traffic, and value pricing. He is particularly well-regarded for maintaining steady leadership during retail market disruptions caused by the COVID-19 pandemic and subsequent economic fluctuations.
TJX Annual Revenue and Net Worth
For fiscal year 2025, TJX Companies achieved record-breaking revenue. The company reported $56.6 billion in net sales, up approximately 8% over the prior year. This growth was driven by strong performance in every division:
- Marmaxx Group (T.J. Maxx and Marshalls) continued to dominate U.S. apparel and accessories.
- HomeGoods Division (HomeGoods and Homesense U.S.) saw growth in home décor and furniture.
- TJX Canada expanded across Winners, Homesense, and Marshalls.
- TJX International grew in Europe and Australia through TK Maxx and Homesense stores.
Comparable-store sales increased by about 4% year-over-year, showing strong consumer demand and operational consistency across markets.
2025 Net Income
In 2025, TJX posted a net income of roughly $4.78 billion, representing a net margin of around 8.4%. This steady margin reflects effective cost control, bulk buying, and a tightly managed inventory model. Free cash flow also remained strong, supporting new store openings and capital expenditures.
Market Capitalization and Net Worth
As of July 2025, TJX’s net worth is approximately $122 billion. This valuation positions the company among the largest retail entities worldwide, reinforcing investor confidence in the off-price retail model.
TJX’s balance sheet remains healthy with a debt-to-equity ratio near 0.43. The company maintains a strong liquidity position, with over $3.2 billion in cash and equivalents, and no significant near-term debt maturities. Credit agencies continue to rate TJX in the upper investment grade due to its consistent cash flows and conservative financial strategy.
Here is the historical revenue and estimated net worth (market capitalization) of The TJX Companies, Inc. over the past 10 years (2016–2025):
| Fiscal Year | Revenue (USD Billion) | Net Worth / Market Cap (USD Billion) |
|---|---|---|
| 2025 | 56.6 | 122 |
| 2024 | 52.6 | 109 |
| 2023 | 49.9 | 96 |
| 2022 | 48.5 | 85 |
| 2021 | 45.6 | 76 |
| 2020 | 41.7 | 68 |
| 2019 | 39.0 | 63 |
| 2018 | 35.9 | 59 |
| 2017 | 33.2 | 55 |
| 2016 | 30.9 | 51 |
Per-Share Metrics
TJX’s financial strength is also reflected in its valuation multiples:
- Earnings per share (EPS): $4.21 in 2025, up from $3.89 in 2024.
- Price-to-earnings (P/E) ratio: Approximately 28×, near historical norms for strong retail operators.
- Dividend yield: Roughly 0.8%, with an annual payout per share of $0.85, reflecting modest dividends alongside strong share buybacks.
Growth Outlook
Looking forward, TJX forecasts mid-single-digit sales growth in fiscal 2026 and continued expansion of its global store base by 100–150 locations annually. The company also plans to reinvest in distribution, infrastructure, and digital channels to bolster long-term value creation.
Final Words
TJX Companies is a retail giant that owns a diverse collection of off-price retail brands. From T.J. Maxx and Marshalls in the U.S. to TK Maxx in Europe and Winners in Canada, TJX has successfully built a global footprint. Through smart acquisitions and consistent leadership, it has created a reliable value-driven model. With solid financials and widespread consumer appeal, TJX continues to dominate the off-price retail sector.
FAQs
Who does TJX buy from?
TJX buys products from a vast and diverse network of over 21,000 vendors across more than 100 countries. The company sources directly from manufacturers, distributors, wholesalers, and even retailers looking to offload excess inventory. These include well-known fashion brands, homeware labels, and specialty manufacturers. TJX often purchases overstock, canceled orders, and end-of-season goods at discounted prices, enabling them to pass the value to customers. Buyers travel globally to spot deals and act quickly when opportunities arise.
How many suppliers does TJX have?
As of 2025, TJX works with more than 21,000 suppliers worldwide. These include long-term partners and opportunistic suppliers providing merchandise on short notice. The wide supplier base allows TJX to remain flexible, agile, and deeply responsive to fashion and consumer trends.
What companies are owned by TJX in the USA?
In the United States, TJX owns and operates the following major retail chains:
- T.J. Maxx – Off-price apparel and home fashion retailer.
- Marshalls – Offers apparel, footwear, beauty, and home décor.
- HomeGoods – Specializes in home furnishings, décor, and gifts.
- Sierra – Focused on activewear, outdoor gear, and adventure brands.
- Homesense (U.S. version) – Offers large-scale furniture, lighting, and décor with a more curated, lifestyle-centric layout.
These brands collectively form TJX’s U.S. portfolio under the Marmaxx and HomeGoods divisions.
How many companies does TJX own?
Globally, TJX owns eight major retail companies or divisions, which operate in the U.S., Canada, Europe, and Australia. Each of these operates under well-known brand names, with store counts exceeding 5,100 locations as of 2025. The company does not typically acquire companies in bulk but instead grows organically through regional expansion and strategic store rollouts.
Does TJX sell TK Maxx?
No, TJX does not sell TK Maxx to any third party. TK Maxx is owned and operated by TJX itself and is the European counterpart of T.J. Maxx. The name was adjusted to “TK” to avoid confusion with the UK electronics retailer “T.J. Hughes.” TJX continues to expand the TK Maxx brand across the UK, Ireland, Germany, Poland, Austria, and the Netherlands.
What are the major subsidiaries of TJX Companies?
TJX Companies operates through several key subsidiaries and divisions, each focused on specific geographies or retail formats:
- Marmaxx – Includes T.J. Maxx and Marshalls (U.S.).
- HomeGoods Division – Covers HomeGoods and Homesense (U.S.).
- TJX Canada – Operates Winners, Marshalls, and Homesense in Canada.
- TJX International – Includes TK Maxx and Homesense stores in Europe and Australia.
- Sierra Trading Post (now Sierra) – Outdoor gear and apparel, based in the U.S.
These subsidiaries reflect TJX’s multi-brand, multi-national structure that supports its position as the world’s largest off-price retailer.
What does TJX stand for?
TJX doesn’t officially stand for anything, but it was derived from its original store name “T.J. Maxx.”
Is TJX an American company?
Yes, TJX Companies is headquartered in Framingham, Massachusetts, and is an American multinational.
What is the difference between T.J. Maxx and Marshalls?
Both stores offer similar products, but Marshalls usually has a larger footwear section and a stronger focus on men’s fashion.
Are HomeGoods and Homesense the same?
No, while both are owned by TJX, they differ in store layout and product categories. Homesense typically offers larger furniture and lighting options.
Is TK Maxx owned by TJX?
Yes, TK Maxx is fully owned by TJX and operates across Europe under that brand name.