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Taking A Look At TJX Companies

2200 Words9 Pages

Sitting at rank 16 on the National Retail Federation Top 100 Retailers 2023 List, TJX Companies nearly reach 50 billion dollars worldwide in retail sales in 2022. Their headquarters are located in Framingham, MA. The company reported having over 4,800 stores at the end of 2023. TJX operates T.J. Maxx and Marshall’s, HomeGoods, Sierra, and Homesense along with their respective ecommerce sites. As the leading off-price retailer, the company offers a variety of products ranging from apparel, accessories, makeup, home goods, etc. in each of their businesses. The retail segments of the retailer are Marmaxx, HomeGoods, TJX Canada and TJX International. Each segment operates the selected retailers in the specific region. Marmaxx and HomeGoods operate the United States stores. TJX Canada takes hold …show more content…

In 2023, the company reported a 29% reduction in global GHG emissions, 74% of global operational waste diverted from landfill, and 27% of their electricity in our global direct operations came from renewable energy sources (TJX Companies Annual Report, 2023). They have implemented sustainable materials in packaging and certain products as well. Examples of this include utilizing Forest Stewardship Council (FSC)-certified paper for hang tags for certain products and experimenting with recycled polyester in some categories of apparel. They are aiming to make 100% of their packaging by 2030 to be recyclable, reusable, and contain sustainable materials to meet their consumer preferences (TJX Companies Annual Report, 2023). Supply chain is another key trend at the forefront of not only retailers' minds, but also consumers. Consumers are now wanting to be informed and empowered when it comes to their buying decisions. Again, customers can go directly to the website to see TJX companies values for ethical and responsible

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