MARCH 3, 2025 – In an earnings call last week, The TJX Companies reported 4% sales growth during its full-year fiscal 2025 meeting.  Ernie Herrman, CEO and president of The TJX Companies said during the earnings call that he was very pleased with the company’s holiday selling season and fourth quarter results and said, “Our sales profitability and earnings per share were all well above our expectations.”

 

Also discussed on the call were the company’s 2025 growth plans, which include expansion into Spain, and expanded partnerships in the UAE and Mexico.  Lexy Lebsack, writing for branding and retailing publication Glossy, contributed a story last week on the highlights of the earnings call including TJX’s aggressive expansion plans and quoted TJX CFO John Klinger who said, “We plan to add about 130 new stores, which will bring our year-end total to over 5,200 stores.  This would represent a store growth of about 3% in the U.S.”  Lebsack wrote, “TJ Maxx and Marshalls will take the lion’s share with 30 net new stores, followed by 20 Sierra stores and nine Homesense stores.”

 

Lebsack also noted the company’s preparedness with respect to current real estate market and economic conditions telling readers, “As the retail landscape shifts, and big box chains undergoing bankruptcy vacate large retail stores, TJX is prepared to pounce. It plans to relocate around 40 stores and remodel around 500 stores in 2025, as well.”  Lebsack also pointed out TJX’s preparedness with regards to President Donald Trump’s proposed tariffs saying, “The executive team pressed the same talking point during Wednesday’s meeting: Tariffs will help boost off-price.”

 

Click here to read the full story in Glossy: Off-price leader TJX announces 2025 brick-and-mortar expansion plans as it passes 5,000 stores – Glossy