TJX Cos.’s management is launching a new chain in the spring next year that management says has the capability of hitting 100 stores. It’s not putting a name out there yet, though, and won’t reveal the concept.
Meanwhile, the operator of Marshalls, T.J. Maxx and other chains plans to nearly double its overall store count from just above 2,700 units to 4,200 locations. This year, 130 new stores are planned.
These moves are happening while TJX continues to experience extremely strong financials. Fourth-quarter same-store sales shot up 12%, and earnings rose 58%
TJX’s CEO says that “value is not going out of fashion,” even if the recession ends. Do you think the company can sustain this growth? And does anyone want to take a shot at predicting the new concept?