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TJX - As Pier 1 And Bed Bath & Beyond Bleed Market Share TJX Is Poised To Win
TJX Companies Inc.
While it's not as large as sister chains T.J. Maxx and Marshalls, TJX Companies' (TJX) HomeGoods chain has been a huge growth driver for the off-price giant in recent years. TJX has rapidly expanded HomeGoods' store count, growing the chain from just 450 outposts in early 2014 to 807 by the end of last quarter. (Within the company's HomeGoods business segment, TJX also now operates 32 stores under the Homesense banner in the United States.)
As a result, HomeGoods' revenue roughly doubled from just under $3 billion in fiscal 2014 to $5.8