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TJX

Company

TJX Companies is an American off-price retailer whose chains include T.J. Maxx, Marshalls, and HomeGoods.

The decisions TJX faced, what it chose, and where each choice stood three and five years later.

Moat & Competition
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Company profile

Industry
Off-price retail
Headquarters
Framingham, United States
Ownership
Publicly traded

Profiles are auto-generated and infrequently updated.

Run one of these yourself

The decisions TJX faced, as kits you can run.

Each pack takes one of these decisions and gives you the framework, a deck for the room, a model that resolves to one number, and the sourced cases behind it. $499, one-time.

Moat & CompetitionThe Moat AnatomyWhat would it actually cost a challenger to take your customer?See the pack →

The analyses

The Moat Anatomy · Moat & Competition
1,400 Buyers Make TJX the First Call When a Brand Needs Its Worst Overstock Gone
Everyone thinks TJX is protected by cheap prices and the thrill of the hunt. The real moat is upstream: 1,400 buyers across 100+ countries make TJX the only retailer that can absorb a brand's worst overstock - which is why it gets the first call.
7 min
The Moat Anatomy · Moat & Competition
While Department Stores Chased Amazon, TJX Grew to $56.4 Billion on In-Store Chaos
While department stores died chasing Amazon, TJX grew to $56.4 billion in FY2025 sales with e-commerce stuck around 1-2%. The reason isn't stubbornness. The chaos that makes the store fun is the same chaos that makes a website impossible to run.
8 min
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