Founded as TJ Maxx in the US in 1976, UK subsidiary TK Maxx and sister company HomeSense are owned by US-based TJX Companies, the world’s largest off-price clothing and homewares retailer. TK Maxx opened its first UK store in Bristol in 1994, while Canadian retailer HomeSense established itself in the UK in 2008. TK Maxx stocks branded men’s, women’s and children’s clothing, footwear, lingerie and accessories, as well as homewares, luggage and toys. Some stores feature Modbox, a department specifically geared towards younger customers, and Gold Label, which features high-end designer labels. The HomeSense product offer comprises home basics and an eclectic range of furniture and decorative products for home and garden. A typical store has more than 50,000 products in stock at any one time, with some 10,000 new items appearing each week. As the country’s only major off-price retailer, TK Maxx has a high profile for selling quality branded and designer label products generally at 20%-60% less than traditional retailers. It operates around 400 outlets under both the TK Maxx and HomeSense fascias.