Amazon (NASDAQ:AMZN) has posed a big threat to most brick and mortars. It grabbed market shares from them, and fueled the big collapse for the retail shares. But I don’t believe that e-commerce can eat the retail’s entire pie. There are still some physical stores, which can offer something unique and do better than most peers.
The TJX Companies, Inc. (TJX) is one of such companies. It is the leading off-price retailer of apparel and home fashions in the U.S. and worldwide. As of April 29, 2017, TJX operated a total of 3,862 stores in nine countries and three e-commerce sites.
These include 1,191 T.J. Maxx, 1,039 Marshalls, 596 HomeGoods and 12 Sierra Trading Post stores, as well as tjmaxx.com and sierratradingpost.com in the United States; 258 Winners, 109 HomeSense, and 61 Marshalls stores in Canada; 515 T.K. Maxx and 46 HomeSense stores, as well as tkmaxx.com, in Europe; and 35 T.K. Maxx stores in Australia. Contrasting to other retailers’ announcement of store closures, TJX plans to open approximately 260 stores this year alone.