So, who owns TJX Companies?
Let’s find out.
TJX Companies, Inc. is one of the largest off-price retail corporations in the world, operating popular brands such as T.J. Maxx, Marshalls, HomeGoods, and Sierra. As a publicly traded company, TJX’s ownership consists of institutional investors, retail shareholders, and company insiders.
This article provides a detailed overview of who owns TJX companies, it’s structure, financial standing, market position, and other details.
History of TJX Companies
TJX Companies was founded in 1956 as Zayre Corporation, a discount department store chain. In 1987, the company rebranded as TJX Companies and shifted focus to off-price retailing. Over the years, TJX expanded through acquisitions, launching brands such as HomeGoods and acquiring Marshalls in 1995. Today, TJX operates over 4,800 stores across multiple countries, making it a dominant player in the retail industry.
Who Owns TJX?
TJX Companies is a publicly traded company listed on the New York Stock Exchange (NYSE) under the ticker symbol TJX. Its ownership is widely distributed among institutional investors, mutual funds, and retail investors, with no single entity holding an absolute controlling stake.
List of Shareholders
Institutional Shareholders
- The Vanguard Group – Holds approximately 9% of TJX’s shares, making it the largest shareholder. Vanguard is a major asset management firm known for its index funds and long-term investments. As a passive investor, Vanguard does not directly manage TJX’s operations but exerts influence through proxy voting on corporate governance matters.
- BlackRock, Inc. – Owns about 8% of the company, making it a significant institutional investor. BlackRock is actively involved in corporate governance and sustainability initiatives, engaging with TJX’s management to ensure long-term value creation.
- State Street Corporation – Controls around 5% of TJX’s stock. As one of the largest asset managers in the world, State Street primarily invests in TJX through index funds and ETFs, promoting shareholder value through advisory roles.
- FMR LLC (Fidelity Management & Research) – Owns around 4%, contributing to TJX’s broad institutional ownership base. Fidelity is known for its actively managed funds, indicating a strategic interest in TJX’s growth potential and profitability.
Individual and Insider Shareholders
- Carol Meyrowitz (Executive Chairman) – Holds a small percentage of shares but has significant influence as a key decision-maker in the company. As a long-time executive and former CEO, Meyrowitz plays a crucial role in TJX’s strategic vision and expansion efforts.
- Ernie Herrman (CEO & President) – Owns a minor stake in TJX but wields substantial power in shaping corporate policies and operational strategy. Herrman’s leadership is instrumental in driving TJX’s growth and maintaining its competitive edge.
- Board Members and Executives – Collectively own a minor stake, ensuring alignment with corporate goals. Their holdings, though not substantial, reinforce their commitment to TJX’s long-term success.
- Retail Investors – Small investors contribute to the public trading volume, with TJX stock being a popular choice for long-term portfolios. Many individual investors appreciate TJX’s resilience and consistent financial performance, making it a staple in various retirement and investment portfolios.
Who Controls TJX?
While TJX Companies does not have a single controlling shareholder, power is exercised through its Board of Directors, executive leadership, and large institutional investors.
- CEO: Ernie Herrman – Leads the company’s strategic direction and expansion efforts.
- Board of Directors – Comprising independent directors and company executives, the board oversees governance, risk management, and long-term strategy.
- Institutional Investors – Shareholders like Vanguard and BlackRock influence corporate policies through proxy voting and investor engagement.
Annual Revenue and Net Worth
TJX Companies is a financial powerhouse in the retail sector, consistently generating strong revenues and profitability.
- Annual Revenue: TJX generated approximately $50 billion in annual revenue in 2024 making it one of the most profitable retailers.
- Net Worth: The company’s market capitalization is estimated to be around $100 billion as of February 2025 reflecting investor confidence and strong financial performance.
Historical Revenue Growth and Year-over-Year Performance
TJX’s revenue has shown consistent growth over the years:
- 2023: $50.3 billion (strong post-pandemic recovery, fueled by consumer demand for off-price retail)
- 2022: $48.5 billion (steady growth despite inflationary pressures)
- 2021: $42.4 billion (recovery phase after COVID-19 disruptions)
- 2020: $32.1 billion (pandemic-related closures affected sales)
- 2019: $41.7 billion (pre-pandemic high, reflecting strong market position)
Factors Influencing Financial Performance
- Off-Price Model Strength: TJX thrives in economic downturns as consumers seek value-driven shopping options.
- Global Expansion: Increasing presence in Europe and Canada contributes to revenue diversification.
- E-Commerce Growth: While TJX is primarily a brick-and-mortar retailer, its online sales have grown steadily.
- Supply Chain Management: Strong vendor relationships enable TJX to offer branded products at discounted prices.
Market Share and Competitors
TJX is the dominant player in the off-price retail segment, holding a significant market share compared to traditional retailers and other discount chains.
TJX Companies holds an estimated 45% market share in the off-price retail sector, making it the undisputed leader. However, competition remains fierce from similar discount retailers and department stores.
Here’s a list of the major TJX competitors with their market share:
Ross Stores
Ross Stores is one of TJX’s main competitors, holding approximately 22% of the off-price retail market. With an annual revenue of around $20 billion, it operates brands such as Ross Dress for Less and dd’s Discounts. The company focuses on deep discounts and maintains lower overhead costs, allowing it to offer competitive pricing to budget-conscious shoppers.
Burlington Stores
Burlington Stores commands around 14% of the off-price retail market, generating approximately $9 billion in annual revenue. Its primary brand, Burlington Coat Factory, is known for its strong seasonal inventory and competitive pricing strategies that attract bargain hunters.
Nordstrom Rack
Nordstrom Rack, the off-price division of Nordstrom, holds roughly 10% of the market and generates around $6 billion in annual revenue. The retailer differentiates itself by offering designer brands at discounted rates, making it a popular choice among upscale shoppers looking for premium products at lower prices.
Macy’s Backstage
Macy’s Backstage, the discount division of Macy’s, has a market share of around 5%. While its revenue is included in Macy’s total annual earnings of $25 billion, Backstage benefits from leveraging Macy’s department store infrastructure to provide in-store discounts and attract cost-conscious consumers.
Brands Owned by TJX
T.J. Maxx
Market Share: Estimated at 20% within the off-price apparel sector.
One of the largest off-price retailers in the U.S., T.J. Maxx offers a wide variety of brand-name and designer apparel, home goods, accessories, and footwear at significantly discounted prices. The store is known for its “treasure hunt” shopping experience, where customers can find new products every visit.
Marshalls
Market Share: Approximately 18% in off-price retail.
A sister store to T.J. Maxx, Marshalls provides similar off-price fashion and home goods. However, it differentiates itself with a broader selection of footwear and unique in-store-only product lines. With over 1,100 stores in the U.S. and Canada, it holds a strong market presence.
HomeGoods
Market Share: Estimated at 25% in the home décor discount retail segment.
Specializing in home décor, furniture, bedding, and kitchenware, HomeGoods has become a go-to destination for stylish yet affordable home essentials. It capitalizes on customer demand for unique, high-quality home furnishings at lower prices than traditional department stores.
Sierra
Market Share: Roughly 5% in the outdoor and sportswear retail sector.
Formerly known as Sierra Trading Post, Sierra is TJX’s discount outdoor and activewear retailer, offering gear for hiking, camping, and athletic activities at reduced prices. It competes with REI and Bass Pro Shops by providing quality outdoor brands at budget-friendly rates.
Homesense
Market Share: Estimated at 10% in the furniture and home accessories discount retail market.
A premium home goods and furniture retailer, Homesense is an expanded version of HomeGoods with more extensive furniture, lighting, and seasonal product collections. Originally launched in Canada and later expanded to the U.S., it provides designer home products at a fraction of department store prices.
Final Thoughts on Who Owns TJX Companies
TJX Companies has established itself as the dominant force in off-price retail, driven by strong financial performance, a wide market reach, and a diverse brand portfolio. With continuous expansion and adaptation to market trends, TJX remains a leader in the retail sector.
FAQs
Who is the largest shareholder of TJX Companies?
The largest shareholder of TJX Companies is The Vanguard Group, holding approximately 9% of the company’s shares.
How much revenue does TJX generate annually?
TJX generates around $50 billion in annual revenue, making it one of the most profitable off-price retailers.
What brands does TJX own?
TJX owns T.J. Maxx, Marshalls, HomeGoods, Sierra, and Homesense, among other smaller brands.
Where is TJX headquartered?
TJX Companies is headquartered in Framingham, Massachusetts, USA.
How does TJX compete with other retailers?
TJX competes by offering brand-name and designer products at lower prices through its off-price retail model.