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Segment Information
 6 Months Ended
Aug. 03, 2013
Segment Information

Note F. Segment Information

TJX operates four main business segments. The Marmaxx segment (T.J. Maxx and Marshalls) and the HomeGoods segment both operate stores in the United States, 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). Late in fiscal 2013 TJX acquired Sierra Trading Post (STP), an off-price internet retailer. The results of STP have been included with the Marmaxx segment.

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. These measures of performance should not be considered alternatives 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  
     August 3,      July 28,  

In thousands

    2013      2012  

Net sales:

      

In the United States:

      

Marmaxx

    $ 4,295,346       $ 3,976,051   

HomeGoods

      690,123         597,714   

TJX Canada

      679,364         660,703   

TJX Europe

      777,591         711,091   
  

 

 

     

 

 

  
   $ 6,442,424       $ 5,945,559   
  

 

 

     

 

 

  

Segment profit:

      

In the United States:

      

Marmaxx

    $ 647,978       $ 581,379   

HomeGoods

      81,170         60,531   

TJX Canada

      90,776         92,661   

TJX Europe

      40,529         24,724   
  

 

 

     

 

 

  
     860,453         759,295   

General corporate expense

      79,088         67,323   

Interest expense, net

      8,919         9,182   
  

 

 

     

 

 

  

Income before provision for income taxes

    $ 772,446       $ 682,790   
  

 

 

     

 

 

  

 

     Twenty-Six Weeks Ended  
     August 3,      July 28,  

In thousands

    2013      2012  

Net sales:

      

In the United States:

      

Marmaxx

    $ 8,431,095       $ 7,865,109   

HomeGoods

      1,379,653         1,193,436   

TJX Canada

      1,324,860         1,300,912   

TJX Europe

      1,496,425         1,384,188   
  

 

 

     

 

 

  
   $ 12,632,033       $ 11,743,645   
  

 

 

     

 

 

  

Segment profit:

      

In the United States:

      

Marmaxx

    $ 1,282,278       $ 1,186,007   

HomeGoods

      170,233         129,964   

TJX Canada

      165,082         163,726   

TJX Europe

      56,893         36,453   
  

 

 

     

 

 

  
     1,674,486         1,516,150   

General corporate expense

      155,954         133,946   

Interest expense, net

      14,201         18,009   
  

 

 

     

 

 

  

Income before provision for income taxes

    $ 1,504,331       $ 1,364,195