XML 48 R13.htm IDEA: XBRL DOCUMENT v2.4.0.6
Segment Information
 3 Months Ended
Apr. 28, 2012
Segment Information [Abstract]  
Segment Information

Note F. Segment Information

TJX operates four business segments. In the United States, TJX's two segments are Marmaxx (T.J. Maxx and Marshalls stores) and HomeGoods. The TJX Canada segment operates stores in Canada (Winners, HomeSense and Marshalls), and the TJX Europe segment operates stores in Europe (T.K. Maxx and HomeSense). A.J. Wright ceased to be a segment following its consolidation. TJX evaluates the performance of its segments based on "segment profit or loss," which it defines as pre-tax income or loss before general corporate expense and interest expense. "Segment profit or loss," as defined by TJX, may not be comparable to similarly titled measures used by other entities. The terms "segment margin" or "segment profit margin" are used to describe segment profit or loss as a percentage of net sales. In addition, this measure of performance should not be considered an alternative to net income or cash flows from operating activities as an indicator of TJX's performance or as a measure of liquidity.

Presented below is financial information with respect to TJX's business segments:

Thirteen Weeks Ended  

In thousands

    April 28,
2012		      April 30,
2011		  

Net sales:

      

U.S. segments:

      

Marmaxx

    $ 3,889,058       $ 3,525,209   

HomeGoods

      595,722         503,283   

A.J. Wright(1)

     —           9,229   

International segments:

      

TJX Canada

      640,209         592,069   

TJX Europe

      673,097         590,505   
  

 

 

     

 

 

  
   $ 5,798,086       $ 5,220,295   
  

 

 

     

 

 

  

Segment profit (loss):

      

U.S. segments:

      

Marmaxx

    $ 604,628       $ 490,981   

HomeGoods

      69,433         45,459   

A.J. Wright(1)

     —           (49,291 ) 

International segments:

      

TJX Canada

      71,065         36,083   

TJX Europe

      11,729         (31,315 ) 
  

 

 

     

 

 

  
     756,855         491,917   

General corporate expenses

      66,623         53,354   

Interest expense, net

      8,827         8,917   
  

 

 

     

 

 

  

Income before provision for income taxes

    $ 681,405       $ 429,646   
  

 

 

     

 

 

  

 

(1) The consolidation of the A.J. Wright segment was completed in fiscal 2012 (see Note B).