Globe 100

No. 2 overall | No. 1 consumer company

TJX aims to extend retail growth record

Associated Press

Off-price retailer TJX Cos. didn’t stop long to admire its performance last year.

“We hear the question a lot out there: How are you going to keep this going?” chief executive Carol Meyrowitz recently told analysts who were poring over the company’s 2012 financial report. She told them the company had big plans to grow much bigger in the years ahead.

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TJX earned the number two spot on the 2013 Globe 100 list thanks to impressive business growth last year. The company that operates TJ Maxx, Marshalls, and HomeGoods, among other business units, boosted sales by 12 percent to $25.9 billion. Profit jumped by nearly 30 percent to $1.9 billion.

In fact, the company has been on a roll for several years. TJX was the top company on the Globe 100 just three years ago — the second time it achieved that distinction.

Meyrowitz believes TJX can expand its retail footprint around the world and boost sales to $40 billion or more. “We have tremendous opportunities for the future,” she said.

Jenn Abelson can be reached at abelson@globe.com. Follow her on Twitter @jennabelson.
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