Presentation Tjx 2003 (2)

Group No. 28

Vision :

As a global, off price value retail company, give benefit to every family

Mission : See potential for growing with 4300 stores in new countries.  19 billion $ turnover in 2007.  2500 stores.  130,000 associates. Ranked 132 in Fortune 500.

 1956 : Stanley & Sumner Feldberg opened first Zayre discount store in Hyannis, Massachusetts.  1977 : First T. J. Maxx in Auburn, Massachusetts.  1987 : Zayre’s off price chains are organized as the TJX companies.  1990 : Acquired Winners Apparel Ltd.  “The king of off price - Forbes”

 Opened in 1976.  Largest off price retailer in US.  20-60% price below departmental & specialty store.  847 stores at the end of 2007.  Avg. area 30,000 sq. feet.  Deals in apparel & home fashion

 Second largest in US & acquired by TJX in 1995.  Similar to T. J. Maxx , it expanded shoe & junior departments.  At the end of 2007, have 776 stores.  Avg. area 32,000 sq. feet.

 Acquired by TJX in 1990.  191 stores in Canada at the end of 2007. Plans to open 9 new stores in 2008.  Family footwear, children’s apparel, home fashion & men’s wear.  Avg. area 29000 sq. feet.

 Opened in 2001. Now have 71 stores in Canada. Plans to get 4 stores in 2008.  Furniture, lamps, accessories & giftware.  Operates standalone & superstore format with Winners.  Avg. area 28,000 sq. feet.

 Opened in 1994. The only major off price retailer in Europe. Have 226 stores across UK, Ireland & Germany.  Family apparel, home fashion, women’s footwear & accessories.  Plans to have 10 stores in Europe & 5 in Germany In 2008. 

 Opened in 1992. Now have 289 stores. Plans to have 500 stores in future.  Giftware, home basics, accent furniture, lamps, accessories, children’s furniture, & seasonal merchandise.  Operates in standalone & superstore with Marshalls and T. J. Maxx.  Avg. area 27,000 sq. feet.

 Opened in 1998. Now have 129 stores & plans to get 1000 stores in future.  20-70% price below departmental & national discount chains.  Family apparel, home fashions, more emphasis on footwear, juniors, and children’s assortments.  Avg. area 26,000 sq. feet.

 Acquired by TJX in 2003. Value store, targets to upper middle income group. Casuals , footwear, work wear, active wear & licensed team apparel.  34 stores in Northeastern US.  Avg. area 46,000 sq. feet.

Environmental Responsibility  Recycling cardboards.  Energy management department.  T5 fluorescent light, 50% less electricity.  Reducing no. of trucks & improving trailer loading methods.

Principal Competitors Federated Department Stores, Inc.; The May Department Stores Company; Sears, The Gap, Inc.; Limited Brands, Inc.; Ross Stores, Inc.; Value City Department Stores, Inc. Statistics:

Address:

Public Company Incorporated: 1962 as Zayre Corp. Employees: 94,000 Sales: $11.98 billion (2002) Stock Exchanges: New York

770 Cochituate Road Framingham, Massachusetts U.S.A. www.tjx.com