TJX Companies

Ernie Herman, TJX Companies’ CEO told investors on Tuesday that they plan to grow their number of stores by 50% from their current count of 3,700 locations to 5,600.  Herman stated, “We are confident that we can continue to open stores around the world.  And these estimates do not contemplate the potential to expand into additional countries or open new chains in existing markets.”   TJX opened 219 stores in 2015, and adding another 47 stores in 1st quarter in 2016 with another 150 planned for the rest of the year.  Their sales growth trend is up 5 to 7%. In Minnesota, Stephanie Meyer and her team at Mid-America represent TJX.