TJ Maxx 2004 Annual Report Download - page 10

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8
Style and Savings, Side by Side
Bringing our off-price concept to new geographic markets is one
of the many ways in which we grow TJX. Since entering the
Canadian marketplace with the acquisition of Winners as a five-
store chain in 1990, we have built this business to its place as the
premier off-price apparel and home fashions retailer in Canada.
In 2001, we levered the success of our HomeGoods concept in
the U.S. and launched HomeSense in Canada. Our expansion
throughout Canada has served TJX extremely well, with our
Canadian business delivering excellent returns on investment and
high profit contributions.
As with all of our businesses,at Winners, we have many inno-
vative methods of responding to customers’ tastes and growing
beyond adding stores.We now have 11 superstores in Canada,
which combine a Winners and a HomeSense, generally in a
Winners
—168 stores in 10
Canadian provinces
— 2004 selling square
footage growth: 7%
— Added 8 stores in 2004
— Average store size:
29,000 square feet
— Plan to grow selling
square footage by 3% and
net 4 new stores in 2005
— Long-term store base
potential: 200 stores
HomeSense
—40 stores in 5
Canadian provinces
— 2004 selling square
footage growth: 60%
— Added 15 stores in 2004
— Average standalone store
size: 25,000 square feet
—Plan to grow selling
square footage by 44%
and add 17 stores in 2005
—Long-term store base
potential: 80 stores