The TJX Companies‚ Inc. is the leading off-price retailer of apparel and home fashions in the U.S. and worldwide. It was founded in 1967 and today has over 3‚300 stores around the world and is the largest off-price retailer in domestic market. The company provides quality‚ fashionable‚ brand name and designer merchandise at prices generally 20% to 60% below department and specialty stores. The TJX Companies are subject under economic forces (different rates‚ unemployment)‚ social‚ cultural‚ demographic
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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.
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Currently‚ TJX Competes with a wide spectrum of the competitor from a local pop and mom shops to multibillion-dollar companies such as Walmart and Target. On TJX 2016 annual report‚ they stated that the retail apparel and home fashion industry is very competitive‚ and they compete with local‚ regional‚ national and international departments‚ and retailers that sell apparel or home fashions merchandise. With that said we have identified four important competitor that competes directly with TJX nationally
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Both Ross and TJX are growing and remaining financially sound. As an off-price storefront retailer in a market where there is a growing e-commerce presence‚ that can be somewhat difficult. But fortunately‚ these two companies are striving and remain above majority of their competitors. Ross is a growing company that has only barely tapped into their market. With stores in only 36 states‚ there is still plenty of room to expand and reach more customers‚ without having to invest in creating any new
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eStore at Shell Case Analysis – Student sample Case Synopsis In 2002 Shell Canada‚ a large Oil and Gas company‚ launched the eStore software application to service their price-sensitive Agricultural market segment by offering a lower cost service. Calvin Wright (eProduct manager) helped implement the eStore application‚ which was geared to service this Agricultural Segment market. The Agricultural Segment was considered by Shell to be high costs since local sales representatives were used in
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TJMaxx System Breach Cormalita Uzzell 319/CIS May 6‚ 2013 Christopher Canter In January 2007‚ TJX Companies‚ Inc. issued a press release announcing that its computer systems had been breached and customer information had been stolen. Reports estimated at least 94 million Visa and MasterCard accounts had been compromised‚ with losses projected at $4.5 billion. What happened to cause the companies breach? What did the company do to insure that this would not happen again? Perhaps the company
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TJX Annual Report Study Name: Siddharth Todi TJX 2013 ANNUAL REPORT QUESTIONS (Fiscal year 2014) 1. Exactly how big is TJX in revenue [Net Sales]? What is their Net Income? If the average item sells for $10 calculate how many items to they have to sell per day? How many per day per store? The Net Sales of TJX in 2013 was $27.4 billion. Their Net Income was $2.1 billion. If the average item sells for $10 then TJX will have to sell 7‚506‚849 items per day and 2332 items per day per store
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Summary: TJX Companies Inc. is currently in one of the most secure subsets of the retail industry. The economy is a factor always present in the minds of consumers today‚ and the retail establishments operated under TJX Companies all cater towards the price conscience customer. They are hitting all ages and genders in the apparel industry in addition to home good products including furniture and accessories. They have expanded to reach many markets‚ and are continuing their expansion across the
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TJX- SECURITY BREACH MGSC 6201-02 INDUSTRY/COMPANY CONTEXT: TJX Companies‚ based in Framingham‚ MA‚ was a major participant in the discount fashion and retail industry. The TJX brand had presence in the United States as well as in Canada and Europe. In mid-2005‚ investigators were made aware of serious security breaches experienced in TJX’s credit card system. These breaches were first found at a Marshall’s located in St Paul‚ MN in which the hackers implemented a “war driving” tactic to steal
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Chapter Three Laws- are rules that mandate or prohibit certain behavior they are drawn from ethics. The key differences between laws and ethics are that laws carry the authority of a governing body‚ and ethics do not. Ethics – define socially acceptable behaviors. Liability- is the legal obligation of an entity that extends beyond criminal or contract law; it includes the legal obligation to make restitution. Restitution- to compensate for wrongs committed. Due care – standards that are met
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