TJX Companies
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|
| Public | |
| Traded as | |
| Industry | Retail |
| Founded | 1987 (formerly Zayre, founded in 1956) |
| Founder | Bernard Cammarata |
| Headquarters | Framingham, Massachusetts, U.S. |
| Products |
|
| Revenue |
 US$30.9 billion (FY2016) |
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Number of employees
|
216,000 |
| Divisions | |
| Website | www |
The TJX Companies, Inc. (: TJX), is an American apparel and home goods company based in Framingham, Massachusetts. It claims to be the largest international apparel and home fashions off-price department store chain in the United States. The company evolved from the Zayre discount department store chain, founded in 1956, which opened its first branch of T.J.Maxx in 1976 and its first BJ's Wholesale Club in 1984. In 1988, Zayre sold its nameplate to rival Ames, and T.J.Maxx was renamed "The TJX Companies, Inc.".
Ernie Herrman serves as company CEO since January 31st 2016. The corporate headquarters are located at 770 Cochituate Road in Framingham, Massachusetts.
Stanley Feldberg was one of the 1956 founders of Zayre Corp. He served as president of the company until 1978, and afterwards remained on the Board of Directors, until he retired in 1989. Once the company had sold off the "Zayre" name, the company consisted of its one core remaining store brand, T.J.Maxx. The next year, in 1990, TJX expanded into an additional store brand division, and at the same time it first went international, as it entered the Canadian market by acquiring the five-store Winners chain. Two years later, it launched its third brand, HomeGoods, in the United States. TJX's expansion beyond North America came in 1994, when the fourth brand division, T.K. Maxx, was founded in the United Kingdom, and then expanded into Ireland.
In 1995, TJX doubled in size when it acquired Marshalls, its fifth brand. T.J.Maxx and Marshalls later became consolidated as two brands under a single division, The Marmaxx Group. The following year, TJX Companies Inc. was added to the Standard & Poor's S&P 500 Composite Index, which consists of 500 of the largest companies in the United States.
TJX launched a sixth brand, A.J. Wright, in 1998 in the eastern U.S. The brand went national in 2004 when it opened its first stores in California on the west coast. The company's seventh brand division, HomeSense, formed in 2001, was a Canadian brand modeled after the existing US brand, HomeGoods.
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