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TJX Inc. TJX Chains. TJX. Framingham, MA Largest apparel and home fashions off price retailer in the US and worldwide. Fortune 500-#132 6 th largest “Specialty Retailer” in America Over 130,000 Associates worldwide Carol Meyrowitz, CEO. TK Maxx – 230 Stores
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TJX • Framingham, MA • Largest apparel and home fashions off price retailer in the US and worldwide. • Fortune 500-#132 • 6th largest “Specialty Retailer” in America • Over 130,000 Associates worldwide • Carol Meyrowitz, CEO • TK Maxx – 230 Stores • (Including Republic of Ireland and Germany) • TJ Maxx-847 Stores • Marshalls – 776 Stores • HomeGoods – 300 Stores • AJ Wright – 130 Stores • Winners – 190 Stores • HomeSense – 70 Stores 2,543 Total Stores
2008 Square Footage TJX Distribution Operations total 14,377,000 Sq Ft 8,894,000 sq ft 1,173,000 sq ft 2,400,000 sq ft 667,000 sq ft 1,043,000 sq ft
Worcester, MA Woburn, MA Philadelphia, PA Pittston, PA Fall River, MA Charlotte, NC Brownsburg, IN Consolidators TJX USA DC Network Bloomfield, CT Bridgewater, VA San Pedro, CA Las Vegas, NV Decatur, GA Southbend, IN Evansville, IN
TJX- Indiana Presence • 38 Retail stores @ 20,000 sq. ft. avg. • 4,350 Associates • Distribution Centers: • South Bend-A.J. Wright- 500,000 sq. ft. • Brownsburg–HomeGoods-800,000 sq. ft. • Evansville-TJ Maxx-1,100,000 sq. ft. • $150,000,000 Capital Investment in Company Owned DC’s. • Why IN? Ragelsville • Medium population center – Cross Roads • Continuity of Workforce
NRT – N. Bergen, NJ Bloomfield, CT – HG Fall River, MA - AJ Philadelphia, PA – MMX Pittston, PA – MMX Woburn, MA – MMX Worcester, MA – MMX NRT – Compton, CA Brownsburg, IN - HG Evansville, IN - MMX Las Vegas, NV - MMX San Pedro, CA - HG Southbend, IN - AJ APS – Charleston, SC Bridgewater, VA - MMX Charlotte, NC - HG / MMX Decatur, GA -MMX TJX Logistics Strategies • Transloading Container Strategy
The Trend: “Intermodal”
The GM-Operations Problem • Drayage costs • Demiurge Fees
The Need: • Closer or direct rail service