TJX Companies, Inc.
Industry: Retail (Apparel)

The TJX Companies, Inc. is an off-price retailer of apparel and home fashions in the United States and worldwide. The Company offers off-price family apparel and home fashions through its T.J. Maxx, Marshalls and A.J. Wright chains in the United States, the Winners chain in Canada and the T.K. Maxx chain in the United Kingdom and Ireland. It also operates HomeGoods in the United States, a chain that focuses exclusively on off-price home fashions, and launched a Canadian home fashions chain.

Business Summary
The TJX Companies, Inc. (TJX) is an off-price retailer of apparel and home fashions in the United States and in certain foreign markets. The Company sells and distributes off-price family apparel and home fashions through its TJ. Maxx, Marshalls and A.J. Wright chains in the United States; its Winners chain in Canada, and through the T.K. Maxx chain in the United Kingdom and Ireland. TJX sells off-price home fashions through its HomeGoods chain in the United States and its Canadian HomeSense chain, operated by Winners. The target customer for all of the Company's off-price chains, except A.J. Wright, is the middle to upper-middle income shopper, with the same profile as a department or specialty store customer. TJX also operates Bob's Stores, a branded apparel chain based in the Northeast United States that offers casual and family apparel.

Financial Summary
The TJX Companies, Inc. operates off-price apparel and home fashions retail stores under the names T.J. Maxx, Marshalls, T.K. Maxx, HomeGoods and A.J. Wright Stores. For the 26 weeks ended 7/30/05, revenues rose 8% to $7.30B. Net income fell 5% to $272.5M. Revenues reflect new store openings, higher same store sales, and the acquisition of Bob's Stores. Net income was offset by an increase in occupancy and distribution costs as a percentage of sales.