(Editor's Note: This article should have published on June 20, 2025, but was delayed due to a technical issue)
By Teresa Rivas
TJX Cos.
Even millionaires love a bargain and shop at T.J. Maxx. They may not be the retailer's typical customers, but they go a long way toward explaining parent TJX Cos.' success: It has something for almost everyone.
CEO Ernie Herrman, 64, has overseen TJX for nearly a decade, shepherding the company -- which sells designer and branded merchandise at a discount -- through the pandemic, supply-chain shortages, and inflation spikes. TJX has almost no e-commerce presence, yet it continues to take market share. More recently, the company has been considered among the best equipped to deal with the threat of tariffs.
Underlying these achievements is a commitment to value. TJX might not offer the lowest prices, but it manages nearly always to provide the best bang for the customer's buck, whether shoppers are looking to spend $10 or $1,000.
On Herrman's watch, the company has expanded its operations overseas, opened thousands of new locations, and consistently made good merchandising decisions. That makes T.J. Maxx and the company's other chains the destination of choice not just for shoppers but also for brands looking to sell goods through the off-price channel.
(END) Dow Jones Newswires
June 23, 2025 21:32 ET (01:32 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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