TJ Maxx 2004 Annual Report Download - page 6

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4
The Marmaxx Group*
—1,468 stores in 48 states and Puerto Rico
— 2004 selling square footage growth: 4%
— Netted 50 additional stores in 2004
— Average store size: 30,000 square feet
—Plan to grow selling square footage by 4% and net
47 new stores in 2005
— Long-term store base potential: 1,800 stores
*T.J. Maxx and Marshalls
We have always viewed and continue to view The Marmaxx
Group, our largest division, as a growth vehicle for TJX in
the short and long term.We founded our T.J. Maxx concept
in 1976, with the mission to deliver a rapidly changing
assortment of quality, brand name merchandise at prices
that are 20 – 60% less than department and specialty store
regular prices, every day. Acquiring Marshalls in 1995 dou-
bled our size and with the significant synergies of T.J. Maxx
and Marshalls, today,The Marmaxx Group remains the pow-
erhouse of off-price retailing.
T.J. Maxx and Marshalls operate on the same flexible
business model that is at the core of all of our off-price
Jewelry and Accessories to the Maxx