Off-Price Retailer TJX Accelerates Brick-and-Mortar Expansion Plan

Group 1 - TJX Companies plans to add 146 net new stores during fiscal year 2027, increasing its store count by about 3% [1] - The new store openings will include 104 in the United States, 13 in Canada, 19 in Europe, and 10 in Australia [2] - In the previous fiscal year, TJX added 129 stores, bringing the total to 5,214 [6] Group 2 - CEO Ernie Herrman stated that TJX's access to diverse merchandise allows it to attract various income and age demographics, with a notable increase in younger customers [7] - Looking ahead, TJX could potentially add another 1,700 stores, expanding its global store base to 7,000 [7] - Herrman emphasized the importance of in-store shopping and the company's commitment to enhancing the shopping experience through store remodels and new prototypes [8]