TJX Companies’ Comparable Sales Growth (2017-2022)

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This statistic highlights TJX Companies’ Comparable Sales Growth, split across Homegoods, Marmaxx, TJX Canada and TJX International, reported on a quarterly basis.
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This statistic highlights TJX Companies’ Comparable Sales Growth, split across Homegoods, Marmaxx, TJX Canada and TJX International, reported on a quarterly basis.

TJX Companies’ Comparable Sales Growth

Category Q2 2021 Q1 2022 Q2 2022
Homegoods 20.0% 40.0% 36.0%
Marmaxx -6.0% 12.0% 18.0%
TJX Canada -18% 9% 18%
TJX International -1% 11% 12%
Total -5% 72% 84%

TJX Companies’ comparable sales growth increased by a massive 17.8% on a year-on-year basis, from -5% in Q2 2021 to 84% in Q2 2022. On a quarterly basis, the comparable sales growth witnessed an incline of 16.67%, from 72% in Q1 2022 to 84% in Q2 2022.

TJX Companies’ Comparable Sales Growth is bifurcated into the following segments:

Homegoods

HomeGoods sells furniture, linens, cooking supplies, art, and other home furnishings. TJX Companies owns HomeGoods, a retailer in the United States that was founded in 1992. This chain has both a standalone and a superstore format. HomeGoods also has an e-commerce site, homegoods.com, which went live in 2021.

This segment witnessed tremendous growth of 100% on a year-on-year basis, between Q2 2021 and Q2 2022 from a sales growth of 20% to 40% on yearly basis. However, this is followed by a meagre dip in the comparable sales growth as a downfall can be seen of 10% quarterly, as Sales Growth declined from 40% in Q1 2022 to 36% in Q2 2022.

Marmaxx

T.J. Maxx and Marshalls are together combined and are named Marmaxx. TJ Maxx and Marshalls are sister stores with a similar footprint across the country. While their prices are nearly identical and their store layouts are similar, TJ Maxx has a more upscale appearance than Marshalls and typically sells a larger selection of fine jewellery and accessories. TJ Maxx is an American department store chain, selling at prices generally lower than other major similar stores.TJ Maxx is TJX’s flagship chain. This company sells men’s clothing, women’s clothing, children’s clothing, toys, toys, baths, beauty products, accessories, furniture, and household items ranging from kitchen products.

This segment witnessed a huge growth of 400% yearly, between Q2 2021 and Q2 2022 as sales growth grew drastically from -6% to 18% on yearly basis. Comparable sales growth rose from -6% in Q2 2021 to 12% in Q1 2022, indicating an incline of 300% on a quarterly basis.

TJX Canada

In 1990, Winners Apparel of Canada, a Toronto-based chain of five off-price family apparel stores, was acquired by TJX. TJX expands this chain over time to become Canada’s largest off-price retailer of family apparel and home fashions. As an off-price retailer, this company buys in bulk and looks for overstocks of the hottest brand names and designer fashions at a fraction of the cost of wholesale.

This segment showed an increase in comparable sales of 200% on a yearly basis, between Q2 2021 and Q2 2022, as sales growth rose from -18% to 18% on yearly basis. Comparable sales growth rose from -18% in Q2 2021 to 9% in Q1 2022, indicating an incline of 150% on a quarter-on-quarter basis.

TJX International

TJX International is a division of TJX Company which comprises TK Maxx and HomeSense (UK and Ireland). TK Maxx is a subsidiary of the American clothing and home goods retailer TJX Companies. The stores are located in the United Kingdom, Australia, Ireland, Germany, Poland, Austria, and the Netherlands. TJX Companies owns the HomeSense chain of budget home furnishing stores in Canada. Established in 2001, then expanded to Europe in 2008, and finally to the United States in 2017.

This segment showed an impressive growth of 1300% in just a year, between Q2 2021 and Q2 2022, as sales growth grew drastically from -1% to 12% on yearly basis. Comparable sales growth rose from -1% in Q2 2021 to 11% in Q1 2022, indicating an incline of 1200% on a quarterly basis.

About TJX

TJX  was founded in 1987 by Bernard Cammarada. TJX is a leading clothing and furniture retailer in the United States and around the world. TJX operates through Maxx and Marshalls (collectively Marmaxx), HomeGoods, Sierra and Homesense, and four US e-commerce sites. In nine countries, the corporation has over 4,500 stores, four e-commerce platforms, and over 320,000 employees. The company is a leading off-price retailer of fashion products, offering a constantly changing selection of quality, fashion, brands, and designer products to low-priced retailers, typically at  20% to 60% off prices. On the 2021 Fortune 500 Companies List of the largest US corporations by total revenue, the company was ranked 97th. The common stock of the company is traded on the NYSE under the ticker “TJX”.

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