A treasure-hunt discount retailer selling brand-name clothing and home goods at steep markdowns, with over 4,600 stores across the US, Canada, Europe, and Australia.
Money comes from off-price retail, where gross margins hover around 30% and net margins near 9%—recurring, high-volume sales with thin per-item profit but massive scale.
TJX's buying power and opportunistic inventory sourcing let it undercut department stores like Macy's and Kohl's, while its fragmented store network makes replication costly. Competitors like Ross Stores and Burlington can't match its global sourcing scale.
