TJX, the main retailer for the sale of mass clothing worldwide

TJX Companies operates stores in nine countries on three continents (United States, Canada, Europe and Australia).

To date, TJX Companies operates the T-J-Maxx (United States) and T-K-Maxx (Europe), Marshalls, Homegoods, HomeSense, Sierra (USA.UU.), and Winners (Canada).

The American retailer has a network of more than 4.300 stores distributed throughout 9 countries, with three online sales stores, a 270 template.000 workers and generates a value volume worth US $ 39.000 million dollars.

In the last four years, the company increased consolidated sales by $ 10 billion.In 2019, TJX added 223 stores, while in the last five years, the company opened more than 1,000 stores.

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In fact, the company opened its 500th store in Canada last year, a country in which Target had to close.

At the end of last year, TJX reported that the increase in sales was especially strong since Walmart and Target noticed a slow clothing expense in their stores in the weeks before Christmas.

He also pointed out that healthy buyers traffic is the main driver of their market share profits.

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TJX Companies companies also had good news for income investors, as they increased their dividend for 24 consecutive years.

This American multinational department store.

The business turn

The business of TJX Companies companies is to buy manufacturers who seek to sell excess inventory.

Excess inventory becomes an opportunity for TJX to acquire low -cost goods.They buy this with a great discount and then sell with a healthy margin.

The higher the pressure on retailers and manufacturers, minors are the costs and greater the potential gains for TJX.

As the company grew in size and expanded its supply chain, it increased its price fixing power.To do this, the company employs 1.100 buyers looking for offers worldwide.

TJX products offers are constantly changing, and premium brands are occasionally found with great discounts.

This drives store trafficking when buyers visit the store looking for "bargains" or are in "Treasury search missions".

Coronavirus

Like many retailers, TJX also announced the closure of stores in the United States, Canada, Europe and Australia.

In addition, Management declared that the company's online businesses through TJMAXX.com, Marshalls.com and Sierra.com will not be operational due to coronavirus.In addition, the TJX Companies distribution centers together with the offices will be temporarily closed.

TJX has joined an increasingly long list of stores of stores fighting with weak consumption following the coronavirus outbreak.

Companies are suffering the greatest strangulations of the supply chain due to the travel restrictions imposed to contain the propagation of this deadly virus.

However and despite everything, the company's business model prosperous when other retailers suffer.

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