TJ Maxx 2009 Annual Report Download - page 10

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is now the 7th largest fashion retailer in
the U.K.! Overall, TJX Europe outperformed
our 2009 expectations, at the top and bottom
line. We expect T.K. Maxx in Germany,
launched in 2007, to be protable in 2010.
In Poland, where we opened our rst
T.K. Maxx stores in fall 2009, initial results
are very promising. Customer response to
HomeSense in the U.K., which we opened in
2008, is phenomenal. We are the only major
o-price retailer of any size in Europe and
our growth opportunities are vast. We expect
to net a total of 54 additional stores in Europe
in 2010.
We will take a steady approach to support-
ing our HomeGoods and A.J. Wright growth
vehicles in 2010, with a view to accelerat-
ing store growth in 2011. HomeGoods had
an outstanding year in 2009, sharpening its
values and delivering segment prot margins
that support our long-term growth plans.
A.J. Wright drove store prot contributions
in 2009 to levels that give us condence to
ultimately roll out this chain further. At
TJX Canada, which also delivered strong
performance in 2009 and has the highest
return on investment of any of our businesses,
we are refreshing the store prototype to inject
excitement into our Canadian stores. We
believe that we continue to have very exciting
growth opportunities in Canada.
We operate successfully in six countries and are one of the few American
retailers to have expanded protably internationally. In Europe, where our
growth potential is vast, we plan to net 54 additional stores in 2010.