The TJX Companies, Inc. (NYSE: Ã, TJX) is an American overseas multinational department store, headquartered in Framingham, Massachusetts. It remains from the original Zayre Corp founded in 1956. From its banners, HomeGoods, TJ Maxx, and Sierra Trading Post operates in the United States; The winner operates in Canada; and HomeSense, Marshalls, and TK Maxx operate in many countries.
Ernie Herrman has served as CEO of the company since January 31, 2016. The company headquarters is located at 770 Cochituate Road in Framingham, Massachusetts.
Video TJX Companies
Saving format
- Current
- HomeGoods (United States)
- HomeSense (United States, Canada, Ireland, United Kingdom)
- Marshalls (United States, Canada)
- TJ Maxx (United States)
- TK Maxx (Australia, Austria, UK, Germany, Ireland, Netherlands, Poland)
- Sierra Trading Post (United States)
- Winner (Canada)
- Former
- Zayre (Acquired by Ames)
- BJ's Wholesale Club (Waban (BJ's & HomeClub) separates BJ to make it standalone)
- Home Club (Liquidation)
- Bob Stores (Sold to Versa Capital Management and Crystal Capital)
- Maxx
- AJWright (stores either liquidated or converted to other TJX banners)
- StyleSense
Maps TJX Companies
History
Stanley Feldberg was one of the founders of 1956 from Zayre Corp. He served as president of the company until 1978, and after that remained on the Board of Directors, until he retired in 1989. After the company sold the name "Zayre", the company comprised one remaining core brand, TJMaxx. The following year, in 1990, TJX grew into an additional store brand division, and at the same time first entered international, when entering the Canadian market by acquiring the chain of Winners of five stores. Two years later, he launched the third brand, HomeGoods, in the United States. TJX's expansion outside of North America came in 1994, when the fourth division of the brand, T.K. Maxx, was established in Great Britain, and later expanded to Ireland.
In 1995, TJX doubled when it acquired Marshalls, the fifth brand. T.J.Maxx and Marshalls were subsequently consolidated as two brands under one division, The Marmaxx Group. The following year, TJX Companies Inc. added to Standard & amp; Composite Index P & amp; P 500 Poor, which consists of the 500 largest companies in the United States.
TJX launched its sixth brand, A.J. Wright, in 1998 in the eastern US. This brand became national property in 2004 when it opened its first store in California on the west coast. The company's seventh brand division, HomeSense, formed in 2001, is a Canadian brand that mimics an existing US brand, HomeGoods.
In 2002, TJX revenues totaled nearly $ 12 billion. In mid 2003, TJX acquired the eighth brand division, Bob Store, concentrated in New England. In Canada, TJX starts configuring multiple Winners and HomeSense stores side by side as a superstore. The superstore features an open aisle between them, with dual branding. TJX's revenue in 2003 totaled more than $ 13 billion. TJX began testing the side-by-side superstore model in the United States in 2004, combining several of each of the two Marmaxx brand stores with HomeGoods. The company reached a position of 141 in the rankings of Fortune 500 2004, with revenues of nearly $ 15 billion. That year was also marked by the death of retired founder Zayre Stanley Feldberg.
In April 2008, TJX launched the HomeSense brand in the UK, with six stores open throughout the month of May. This brand is more luxurious than its Canadian name. Later that year, in August, TJX sold Bob Stores to Versa Capital Management and Crystal Capital.
In December 2010, TJX announced that A.J. Wright's stores will close, cut about 4,400 jobs, and more than half of them will reopen under other companies' brands.
In July 2015, TJX acquired the Trade Secret and Home Secret outside the retail business of Australian company Gazal Corporation Limited. The deal will finish in December 2015.
computer system intrusion
On January 17, 2007, TJX announced that it was a victim of an unauthorized computer system intrusion. Found in mid-December 2006 that his computer system was compromised and customer data stolen. Hackers access systems that store data on credit cards, debit cards, checks, and return transactions. Intrusion is kept secret as requested by law enforcement. TJX says that it works with General Dynamics, IBM and Deloitte to improve computer security.
At the end of March 2007, the number of affected customers has reached 45.7 million and has prompted the credit bureaus to look for legislation requiring resellers to be responsible for the compromised customer information stored in their system. In addition to credit card numbers, personal information such as social security numbers and SIM numbers of 451,000 subscribers are downloaded by intruders. The breach is possible because the wireless network is not secure in one of the stores.
Eleven people have been accused of stealing, and one (Damon Patrick Toey) has pleaded guilty to numerous allegations related to the offense. A man, Jonathan James, pleaded not guilty and then committed suicide, apparently out of confidence that he would be charged.
The suspect leader Albert Gonzalez was indicted in August 2009 by attacking the Heartland Payment System in which 130 million records were compromised.
Note
Source
- Yahoo! Inc. (January 29, 2007). "TJX: Profile for TJX Cos Inc". Yahoo! Financial . Retrieved January 29, 2007 .
External links
Source of the article : Wikipedia
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