TJ Maxx 2009 Annual Report Download - page 7

Download and view the complete annual report

Please find page 7 of the 2009 TJ Maxx annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 101

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101

more than 2,000 new vendor doors, bringing
the number of vendors in our universe to over
12,000, and further enhancing our exibil-
ity. Our expectation for 2010 is to continue
to grow our vendor base and “WOW” our
customers even more with our great values on
great brands and great fashions!
CONFIDENCE IN BOTTOM-LINE
GROWTH
Driving Merchandise Margins
One of our key strategies for managing
through the 2009 retail environment was
maintaining exceptionally low inventory levels
which drove faster inventory turns and higher
merchandise margins. In 2010, our plan is
to continue these strategies which gives us
condence in our ability to sustain strong
prot margins. On a consolidated average, we
now turn in-store inventories approximately
nine times per year, which, for our customers,
means an entirely fresh store about every 40
days! In 2010, we will be investing further
in our supply chain to become even more
pointed in owing the right merchandise to
the right stores at the right time.
Controlling and Levering Costs
At TJX, operating with a low-cost structure
has been a cornerstone of our business since
the beginning because it enables us to pass
We opened more than 2,000 new vendor doors in 2009, expanding our vast vendor
universe to over 12,000. Our merchant organization of over 700 people is constantly
meeting with vendors, nding new sources of merchandise all the time.