TJX Companies Inc. After analyzing TJX Companies Inc. financial statement, we will find that it is a profitable company. The sole purpose of the income statement is to show investors, mangers whether the company made or lost during that period being reported. “TJX Companies Inc. is based in Farmingham Massachusetts and was founded in 1956” (Yahoo Finance, 2017). The founders of TJX Inc. were Stanley Feldberg (TJX, 2017). TJX Companies Inc. evolved from Zayre discount department store chain and open its first T. J. Maxx store in 1976 after they recruited Bernard Cammarata General Merchandising Manager of Marshalls (TJX, 2017). TJX Companies Inc. and together with Marshalls formed Marmaxx Group (TJX, 2017). In 1988 Zayre sold its name plate to …show more content…
The sole purpose of the income statement is to show investors, mangers whether the company made or lost during that period being reported. The TJX Companies Inc, was founded in 1956 and one of the founder was name Stanley Feldberg (TJX, 2017). TJX first store was open in 1977 and together with Marshalls they formed Marmaxx Group (TJX, 2017). T. J. Maxx was originally formed to sell consumers brand - name apparels and home fashions for less than the retail price (TJX, 2017). Over the years TJX Companies Inc. has become the largest off – price retailer of apparels and home fashions in the United States (Dun & Bradstreet, 2017). They offer up to 20% - 60% off discounts on the same merchandise every day (T. J. Maxx, 2017). T.J. Maxx operates over 3,812 stores and it does business in nine countries and they also have three e - commerce sites (TJX, 2017). Their objective was to target the upper – middle class female shoppers with families and selling them the latest trends at a very low cost (T. J. Maxx 2017). Adrienne Su is a foreign girl who had written a poem regarding her shopping experience at a T. J. Maxx store. She ended her poem with an expression stating “as they prepare to make the journey back to the foreign country where the money we would have wasted if we had shopped at other places” (Su,