All TK Maxx & TJX articles
TJX Companies is best known for operating the brands TJ Maxx and TK Maxx in the US and Europe respectively. 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.
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AnalysisRanking: The 30 fastest-growing fashion retailers revealed
It has been a tough few years for fashion, and retailers have been battling to lead on style, value and quality despite skyrocketing return rates, competition for customer loyalty and bold sustainability targets.
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NewsTK Maxx owner TJX records rise in revenue and profit
TJX UK, a subsidiary of TJX companies in the UK that owns TK Maxx and Homesense has recorded a rise in revenue and profit in the 52 weeks to January 28.
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AnalysisFashion Forward: The top 10 retailers set to dominate fashion by 2026
Frasers Group, Next, Marks & Spencer, JD Sports and Primark will be fashion’s big five within three years. Retail Week investigates why
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AnalysisFashion Forward: The top 30 fashion retailers by 2026
Fashion retail has experienced a turbulent time, but retailers investing in elevation, partnerships, acquisitions and focused transformation are set to win. Our Retail Week analysts reveal which retailers will lead the sector in 2026.
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AnalysisStrategy spotlight: Five ways TK Maxx’s off-price business model taps into consumer trends
The off-price retailer with an enviably agile business model, TK Maxx owner TJX Companies has just reported a 3% hike in net sales for Q1 and raised its full-year profit forecast. Our Retail Week analysts break down five ways the retailer is keeping up with demand and making the most of shoppers’ bargain-hunting missions
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NewsTK Maxx owner TJX raises profit outlook after sales rise
TJX, the US-based value retailer and parent company of TK Maxx, has raised its profit outlook as it reports a lift in sales.
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NewsTJX’s Greenlees wins World Retail Congress Woman of the Year
Louise Greenlees, TK Maxx owner TJX’s group president, was named Woman of the Year at the World Retail Congress in Barcelona.
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AnalysisRanking: Who will be the biggest retailers in the UK in 2026?
Offering a glimpse of what lies ahead, Retail Week analysts reveal which retailers will sit at the top of the food chain in 2026, which will be overtaken by their closest rivals and which will lose their spot in the ranking altogether
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AnalysisReview: Retail’s best Christmas adverts 2022
Is it a turkey or a Christmas cracker? Retail Week has assembled an esteemed panel of judges to deliver their verdict on a selection of retail’s biggest Christmas adverts this year.
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NewsTJX Europe names new boss as Greenlees takes on global role
TK Maxx and Homesense owner TJX Europe has unveiled two major changes to its senior leadership team.
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Be InspiredM&S, Kingfisher and Lidl back major retail I&D programme
Fifteen major retailers and brands have joined forces with Be Inspired, Retail Week’s six-year-old diversity initiative to promote inclusivity across the industry in 2022 and beyond.
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Prospect AnalysisTK Maxx (SWOT)
TK Maxx has a strong presence throughout the UK, with good coverage in Scotland, Wales and Northern Ireland. Unlike some value-oriented businesses, it is also well represented in London and the South East which allows for cost-effective national advertising campaigns and has become increasingly important given the current focus on its strong fashion offer.
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Prospect AnalysisTK Maxx (People)
TK Maxx is headquartered in Watford and this base oversees all European operations. Former chief operating officer Michael Munnelly is heading up the territory as its president from mid-2022.
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Prospect AnalysisStores at TK Maxx
While the off-price retailer had previously implied that its core format was reaching a ceiling in the UK and was prioritising the newer Homesense format for development, TK Maxx is going on a renewed expansion drive in and around the capital from 2023.
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Prospect AnalysisTK Maxx (Overview)
TK Maxx is an off-price apparel and homewares retailer owned by the US-based TJX Companies. The group shares some brands across operating territories whilst others, such as Winners and Marshalls, only exist in North America.
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Prospect AnalysisTK Maxx (Strategy)
TK Maxx remains committed to its bricks-and-mortar estate and is embarking on a renewed expansion programme in and around London in 2023.
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Prospect AnalysisTechnology strategy at TK Maxx
TK Maxx has a relatively unique business model for the fashion sector – instead of ordering product well in advance, operating about two seasons a year, its buyers purchase stock throughout the year depending on the opportunities they come across. As a result, its technology is used to create a flexible environment that can cope with widely varying stock that changes quickly.
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Prospect AnalysisTK Maxx (Financials)
The TJX Companies’ UK subsidiary continued to make a strong recovery in the most recent financial year for which results have been filed with Companies House, following a period that was negatively affected by the pandemic. Overall UK sales rose 17.5% to £3.89bn in the 2022 financial year to end-January 2023 (FY2022), while UK retail sales climbed 14.4% to £2.80bn. Profits widened in FY2022 after the retailer had returned to the black at pre-tax and operating levels the year before.
