Tj Maxx Diversity Essay
TJ Maxx’s demographic reach is the widest in retail. They attract a broad range of fashion and value conscious customers across many income levels and demographic groups. However, they mainly attract middle class female young adult customers. TJ Maxx’s culture is based on providing value to their customers, valuing their global associate and adding value to communities they serve. Tj Maxx has a diverse workforce. Their workforce reflects the communities in which they do business with. By having a diverse culture, they are promoting their core values integrity, inclusion and respect. Moreover, Tj Maxx puts their associates first. They encourage their employees to have a balanced work and home life. In 2015, they were named a Top 50 Great
Place to Work in Canada, and in 2014 they were listed as a top employer by the Black EOE Journal, The Hispanic Network Journal, Professional Woman’s Multicultural Magazine, and Careers and the disABLED magazine. They have also earned a score of 100 in 2015 on the Corporate Equality Index of the U.S.-based Human Rights Campaign. TJ Maxx’s business model is flexible, making it easy for the company to adjust through economic downturns and upturns as well as operate successfully. They have achieved consistent, strong performance during their 40 years of operations. In fact they have only had their store sales decline once during this period. Over the last 20 years, they have delivered annual comparable store sales increases each year, and their earnings have grown solidly. Moreover, TJ Maxx has a consistent history of generating large amounts of cash through their strong operations and have delivered superior financial returns that are among the highest in retail. They operate with an off-price cost structure and are extremely focused on returns on investment. Their 22% return on invested capital in 2015 reflects their disciplined approach to capital allocation. TJ Maxx has an "A+" Standard & Poor’s credit rating, which is one of the strongest in the retail industry, and ample financial liquidity, which offers their vendors, landlords and other business associates a high degree of confidence.
Place to Work in Canada, and in 2014 they were listed as a top employer by the Black EOE Journal, The Hispanic Network Journal, Professional Woman’s Multicultural Magazine, and Careers and the disABLED magazine. They have also earned a score of 100 in 2015 on the Corporate Equality Index of the U.S.-based Human Rights Campaign. TJ Maxx’s business model is flexible, making it easy for the company to adjust through economic downturns and upturns as well as operate successfully. They have achieved consistent, strong performance during their 40 years of operations. In fact they have only had their store sales decline once during this period. Over the last 20 years, they have delivered annual comparable store sales increases each year, and their earnings have grown solidly. Moreover, TJ Maxx has a consistent history of generating large amounts of cash through their strong operations and have delivered superior financial returns that are among the highest in retail. They operate with an off-price cost structure and are extremely focused on returns on investment. Their 22% return on invested capital in 2015 reflects their disciplined approach to capital allocation. TJ Maxx has an "A+" Standard & Poor’s credit rating, which is one of the strongest in the retail industry, and ample financial liquidity, which offers their vendors, landlords and other business associates a high degree of confidence.