TJ Maxx 2004 Annual Report Download - page 14

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12
A Worldwide Treasure Hunt
HomeGoods
—216 stores in 33 states and Puerto Rico
— 2004 selling square footage growth: 17%
— Added 34 stores in 2004
— Average standalone store size: 27,000 square feet
—Plan to grow selling square footage by 19% and net
40 new stores in 2005
— Long-term store base potential: 650 stores
We launched our HomeGoods concept in 1992 as a way to
expand upon our success with home fashions at T.J. Maxx.
HomeGoods is a truly unique off-price concept that oper-
ates on the same business platform as our core Marmaxx
division.We source product opportunistically and turn inven-
tories at store level eight times per year,on average, comparable
with our apparel concepts, and practically unheard of in
home fashions retailing.At HomeGoods, customers love the
treasure hunt shopping experience [pictured here], with
thousands of new items arriving at each store every week.
Our HomeGoods merchants travel the globe to offer our
savvy customers a treasure trove of distinctive home décor
accents, all at great values. For our customers, a trip to
HomeGoods can produce fine, Irish linens, Italian glassware,
Provencal pottery, or African art pieces, minus the airfare!