TJ Maxx 2004 Annual Report Download - page 24

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In fiscal 2005, we launched a T.J. Maxx e-commerce website. We designed this website to offer online customers a shopping
experience similar to that of shopping in our stores. Our website offers a rapidly changing selection of quality, brand name fashions
priced below department and specialty store regular prices.
T.J. Maxx and Marshalls stores are generally located in suburban community shopping centers. T.J. Maxx stores average
approximately 30,000 square feet. Marshalls stores average approximately 31,000 square feet. We currently expect to add a net of 47
stores in fiscal 2006. Ultimately, we believe that T.J. Maxx and Marshalls together can operate approximately 1,800 stores in the
United States and Puerto Rico.
HOMEGOODS
HomeGoods is our off-price retail chain that sells exclusively home fashions with a broad array of giftware, accent furniture,
lamps, rugs, accessories and seasonal merchandise for the home. Many of the HomeGoods stores are stand-alone stores; however, we
also combine HomeGoods stores with a T.J. Maxx or Marshalls store in a superstore format. We count the superstores as both a T.J.
Maxx or Marshalls store and a HomeGoods store. In fiscal 2005, we tested a superstore format of a HomeGoods store located beside
a T.J. Maxx or Marshalls store, with interior passageways providing access between the stores. This configuration is dual-branded
with both the T.J. Maxx or Marshalls logo and the HomeGoods logo.
HomeGoods, like T.J. Maxx, also launched an e-commerce website in fiscal 2005, with a similar off-price approach. The
HomeGoods website offers home fashions in rapidly changing assortments priced below department and specialty store regular prices.
Stand-alone HomeGoods stores average approximately 27,000 square feet. In superstores, which average approximately 52,000
square feet, we dedicate an average of 21,000 square feet to HomeGoods. The 216 stores open at year-end include 120 stand-alone
stores and 96 superstores. In fiscal 2006, we plan to add 40 stores, including 21 superstores. We believe that the U.S. market could
support approximately 650 HomeGoods stores in the long-term.
WINNERS AND HOMESENSE
Winners is the leading off-price retailer in Canada, offering off-price brand name women’s apparel and shoes, lingerie,
accessories, home fashions, giftware, fine jewelry, menswear and children’s clothing. Winners operates HomeSense, our Canadian
off-price home-fashions chain, launched in fiscal 2002. Like our HomeGoods chain, HomeSense offers a wide and rapidly changing
assortment of off-price home fashions including giftware, accent furniture, lamps, rugs, accessories and seasonal merchandise. We
operate HomeSense in a stand-alone format, as well as a superstore format where a HomeSense store and a Winners store are
combined or operate side-by-side.
We currently operate a total of 168 Winners stores, which average approximately 29,000 square feet and 40 HomeSense stores,
which average approximately 24,000 square feet. We expect to add a net of 4 Winners stores and 17 HomeSense stores in fiscal 2006,
in both the stand-alone and superstore format. Ultimately, we believe the Canadian market can support approximately 200 Winners
stores and approximately 80 HomeSense stores.
T.K. MAXX
T.K. Maxx is the only major off-price retailer in any European country. T.K. Maxx utilizes the same off-price strategies
employed by T.J. Maxx, Marshalls and Winners, and offers the same type of merchandise. We currently operate 170 T.K. Maxx
stores in the United Kingdom and Ireland. T.K. Maxx stores average approximately 28,000 square feet. T.K. Maxx opened 22 stores
in the United Kingdom and one store in Ireland in fiscal 2005. We currently expect to add a total of 23 stores in the United
Kingdom and Ireland in fiscal 2006. We believe that the U.K. and Ireland can support approximately 300 stores in the long term.
A.J. WRIGHT
A.J. Wright, launched in fiscal 1999, brings our off-price concept to a different demographic customer, the moderate income
shopper. A.J. Wright stores offer brand-name family apparel, accessories, footwear, domestics, giftware, including toys and games,
and special, opportunistic purchases. A.J. Wright stores average approximately 26,000 square feet. We added a net of 31 A.J. Wright
stores in fiscal 2005 and operated 130 stores at fiscal year end. Our store growth in fiscal 2005 included opening five stores in
California, our first stores on the West coast. We currently expect to open 25 A.J. Wright stores in fiscal 2006. We believe this
developing business offers us the long-term opportunity to open over 1,000 A.J. Wright stores throughout the United States.
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