TJX Annual Report: Case Study
TJX Annual Report Study
Name: Siddharth Todi
TJX 2013 ANNUAL REPORT QUESTIONS (Fiscal year 2014)
1. Exactly how big is TJX in revenue [Net Sales]? What is their Net Income?
If the average item sells for $10 calculate how many items to they have to sell per day? How many per day per store?
The Net Sales of TJX in 2013 was $27.4 billion. Their Net Income was $2.1 billion. If the average item sells for $10 then TJX will have to sell 7,506,849 items per day and 2332 items per day per store.
( Page – 4 )
2. What does TJX see as their key advantages for growth?
TJX key advantages for growth are:
GROWING U.S. / INTERNATIONAL CUSTOMER BASE
GREAT GLOBAL STORE GROWTH POTENTIAL
E-COMMERCE
SUPPLY CHAIN ENHANCEMENTS
FINANCIAL STRENGHT
LONG TERM, STRATEGIC VISION
( Page - 4 TO 12 )
3. What are the key tenants of the TJX business described in the “Business Overview” in the 10K?
The key tenants of the TJX business are:
MARMAXX
HOMEGOODS
TJX CANADA
TJX EUROPE
( Page – 19,20 )
4. What are TJX’ retail chains (Brands) in the USA? What are TJX’ retail chains in the Canada? What are TJX’ retail chains in the Europe?
In USA, MARMAXX and HOMEGOODS are the two largest off-price retail chains of TJX.
In Canada, TJX CANADA is a retail chain of TJX. It’s division operates the Winners, HomeSense and Marshalls chains in Canada.
In Europe, TJX EUROPE is a retail chain of TJX. It’s division operates the T.K. Maxx and HomeSense chains in Europe.
( Page – 19,20 )
5. How does TJX differentiate between their retail chains in the USA?
TJX differentiates between T.J. Maxx and Marshalls through different product assortment and in-store initiatives, encouraging customers to shop in both the chains.
( Page – 19 )
6. What are the elements of TJX’s “Flexible Business Model” and “Opportunist Buying”? How many vendors does TJX have?
TJX’s flexible off-price business model, includes opportunistic buying, inventory management, logistics and store layouts, is designed to
Name: Siddharth Todi
TJX 2013 ANNUAL REPORT QUESTIONS (Fiscal year 2014)
1. Exactly how big is TJX in revenue [Net Sales]? What is their Net Income?
If the average item sells for $10 calculate how many items to they have to sell per day? How many per day per store?
The Net Sales of TJX in 2013 was $27.4 billion. Their Net Income was $2.1 billion. If the average item sells for $10 then TJX will have to sell 7,506,849 items per day and 2332 items per day per store.
( Page – 4 )
2. What does TJX see as their key advantages for growth?
TJX key advantages for growth are:
GROWING U.S. / INTERNATIONAL CUSTOMER BASE
GREAT GLOBAL STORE GROWTH POTENTIAL
E-COMMERCE
SUPPLY CHAIN ENHANCEMENTS
FINANCIAL STRENGHT
LONG TERM, STRATEGIC VISION
( Page - 4 TO 12 )
3. What are the key tenants of the TJX business described in the “Business Overview” in the 10K?
The key tenants of the TJX business are:
MARMAXX
HOMEGOODS
TJX CANADA
TJX EUROPE
( Page – 19,20 )
4. What are TJX’ retail chains (Brands) in the USA? What are TJX’ retail chains in the Canada? What are TJX’ retail chains in the Europe?
In USA, MARMAXX and HOMEGOODS are the two largest off-price retail chains of TJX.
In Canada, TJX CANADA is a retail chain of TJX. It’s division operates the Winners, HomeSense and Marshalls chains in Canada.
In Europe, TJX EUROPE is a retail chain of TJX. It’s division operates the T.K. Maxx and HomeSense chains in Europe.
( Page – 19,20 )
5. How does TJX differentiate between their retail chains in the USA?
TJX differentiates between T.J. Maxx and Marshalls through different product assortment and in-store initiatives, encouraging customers to shop in both the chains.
( Page – 19 )
6. What are the elements of TJX’s “Flexible Business Model” and “Opportunist Buying”? How many vendors does TJX have?
TJX’s flexible off-price business model, includes opportunistic buying, inventory management, logistics and store layouts, is designed to