TJX Companies as a corporation is very much like the T.J. Maxx, Marshalls, and HomeGoods store chains it operates: no frills and no artifice. Just a strict focus on basics, which has led to untold treasures for customers and shareholders.
The off-price retailer on Wednesday reported yet another quarter of stellar growth to cap off a fiscal year that brought TJX’s revenue to slightly more than $56 billion. During the fourth quarter, comparable sales, a metric that strips out stores opened or closed during the year, was up 5% despite a tough retail environment. And to Wall Street’s delight, TJX expects sales to grow again this year.
