TJX Companies Case Study
T.J.X. Companies, Inc.
Final Case Study Report
Nichols College
T.J.X. Companies, Inc. is the leading off-price apparel and home fashions retailer in the United States and worldwide, ranking number 115 in the most recent Fortune 500 listings. They have the broadest demographic reaches in retail, all of which have enabled them to achieve successful, and profitable growth year after year, through many types of economic and retail cycles. With over 3,000 stores in six countries, approximately 179,000 associates and a fresh e-commerce presence, and they are growing faster than ever (“About the TJX Companies, Inc.,” 2014). Through T.J.X. Company’s innovative buying and sourcing strategies, they discover and deliver value for shoppers in many ways. Their goal is to provide customers with quality merchandise for the entire family, every day. Value means more than price to T.J.X. Company professionals; buyers are trained to recognize that true value is a combination of fashion, quality, brand and price. T.J.X Companies are known for their brand name and designer fashions at 20-60% off department store prices. They are able to do this by purchasing merchandise from designers when they over produce or other department stores over purchase. They go in during these certain situations and negotiate the lowest possible price to pass on the savings. How they buy is just as important as what they buy. They pride themselves in never having the same selection twice with new arrivals every week (“About the TJX Companies, Inc.,” 2014). The company operates in four segments: Marmaxx, HomeGoods, TJX Canada, and TJX Europe. Its apparel and home fashion chains sell family apparel, including footwear and accessories, fine jewelry and accessories; and home fashions comprising home basics, accent furniture, lamps, rugs, wall décor, decorative accessories, and giftware, as well as other merchandise.
Final Case Study Report
Nichols College
T.J.X. Companies, Inc. is the leading off-price apparel and home fashions retailer in the United States and worldwide, ranking number 115 in the most recent Fortune 500 listings. They have the broadest demographic reaches in retail, all of which have enabled them to achieve successful, and profitable growth year after year, through many types of economic and retail cycles. With over 3,000 stores in six countries, approximately 179,000 associates and a fresh e-commerce presence, and they are growing faster than ever (“About the TJX Companies, Inc.,” 2014). Through T.J.X. Company’s innovative buying and sourcing strategies, they discover and deliver value for shoppers in many ways. Their goal is to provide customers with quality merchandise for the entire family, every day. Value means more than price to T.J.X. Company professionals; buyers are trained to recognize that true value is a combination of fashion, quality, brand and price. T.J.X Companies are known for their brand name and designer fashions at 20-60% off department store prices. They are able to do this by purchasing merchandise from designers when they over produce or other department stores over purchase. They go in during these certain situations and negotiate the lowest possible price to pass on the savings. How they buy is just as important as what they buy. They pride themselves in never having the same selection twice with new arrivals every week (“About the TJX Companies, Inc.,” 2014). The company operates in four segments: Marmaxx, HomeGoods, TJX Canada, and TJX Europe. Its apparel and home fashion chains sell family apparel, including footwear and accessories, fine jewelry and accessories; and home fashions comprising home basics, accent furniture, lamps, rugs, wall décor, decorative accessories, and giftware, as well as other merchandise.
Cited: Global Data. (30, September 2013). The TJX Companies Inc. Retrieved from: http://callisto.ggsrv.com/imgsrv/FastFetch/UBER1/309534_GDRT33675FSA Kopytoff, Verne Moore, Mary (24, December 2013). Former Marshalls Assistant Managers Sue TJX Company. Retrieved from: http://www.bizjournals.com/boston/news/2013/12/24/former-marshalls-assistant-managers.html?page=all Niemann, Ulli (15, September 2013) Parker, Steve Jr. (2013). Marketing to Women: Surprising Stats Show Purchasing Power & Influence. Retrieved from: http://www.askingsmarterquestions.com/marketing-to-women-surprising-stats-show-purchasing-power-influence/ TJX TJX. The TJX Companies, Inc. (2014). Environmental Initiatives. Retrieved from: http://www.tjx.com/corporate_environmental.asp TJX TJX. The TJX Companies, Inc. (2014) In-Store Fun-Raising and Community Initiatives. Retrieved from: http://www.tjx.com/corporate_community_initiatives.asp TJX. The TJX Companies, Inc. (2014). Leveraging Differences. Retrieved from: http://www.tjx.com/corporate_leveraging.asp TJX TJX. The TJX Companies, Inc. (2014). United With Our Communities. Retrieved from: http://www.tjx.com/corporate_community.asp TJX Vijayan, Jaikumar (29, March 2007). TJX data breach: At 45.6M card numbers, it’s the biggest ever. Retrieved from: http://www.computerworld.com/s/article/9014782/TJX_data_breach_At_45.6M_card_numbers_it_s_the_biggest_ever Weishaar, Bridget WiKiInvest. (2012). Ross Stores (ROST). Retrieved from: http://www.wikinvest.com/stock/Ross_Stores_(ROST) WiKiInvest Yahoo Finance. (2014). The TJX Companies, Inc. (TJX). Retrieved from: http://finance.yahoo.com/q/ks?s=TJX