XML 39 R14.htm IDEA: XBRL DOCUMENT v2.4.0.8
Segment Information
 9 Months Ended
Nov. 02, 2013
Segment Information

Note F. Segment Information

TJX operates four main business segments. The Marmaxx segment (T.J. Maxx , Marshalls and www.tjmaxx.com ) and the HomeGoods segment both operate in the United States, the TJX Canada segment operates Winners, HomeSense and Marshalls in Canada, and the TJX Europe segment operates T.K. Maxx, HomeSense and www.tkmaxx.com in Europe. 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  
     November 2,      October 27,  

In thousands

    2013      2012  

Net sales:

      

In the United States:

      

Marmaxx

    $ 4,484,174       $ 4,161,409   

HomeGoods

      739,537         637,514   

TJX Canada

      785,883         768,967   

TJX Europe

      972,282         843,023   
  

 

 

     

 

 

  
   $ 6,981,876       $ 6,410,913   
  

 

 

     

 

 

  

Segment profit:

      

In the United States:

      

Marmaxx

    $ 658,369       $ 576,505   

HomeGoods

      96,937         76,790   

TJX Canada

      128,692         127,212   

TJX Europe

      101,043         76,840   
  

 

 

     

 

 

  
     985,041         857,347   

General corporate expense

      96,298         102,789   

Interest expense, net

      9,371         6,089   
  

 

 

     

 

 

  

Income before provision for income taxes

    $ 879,372       $ 748,469   
  

 

 

     

 

 

  

 

     Thirty-Nine Weeks Ended  
     November 2,      October 27,  

In thousands

    2013      2012  

Net sales:

      

In the United States:

      

Marmaxx

    $ 12,915,269       $ 12,026,518   

HomeGoods

      2,119,190         1,830,950   

TJX Canada

      2,110,743         2,069,879   

TJX Europe

      2,468,707         2,227,211   
  

 

 

     

 

 

  
   $ 19,613,909       $ 18,154,558   
  

 

 

     

 

 

  

Segment profit:

      

In the United States:

      

Marmaxx

    $ 1,940,647       $ 1,762,512   

HomeGoods

      267,170         206,754   

TJX Canada

      293,774         290,938   

TJX Europe

      157,936         113,293   
  

 

 

     

 

 

  
     2,659,527         2,373,497   

General corporate expense

      252,252         236,735   

Interest expense, net

      23,572         24,098   
  

 

 

     

 

 

  

Income before provision for income taxes

    $ 2,383,703       $ 2,112,664