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Segment Information
 6 Months Ended
Jul. 30, 2016
Segment Information

Note G. Segment Information

TJX operates four main business segments. The Marmaxx segment (T.J. Maxx, Marshalls and 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 International segment operates T.K. Maxx, HomeSense and tkmaxx.com in Europe and Trade Secret in Australia. TJX also operates Sierra Trading Post (STP), an off-price Internet retailer that operates sierratradingpost.com and a small number of stores in the U.S. The results of STP are included in the Marmaxx segment. The former TJX Europe segment was renamed TJX International in the fourth quarter of fiscal 2016 to reflect the acquisition of Trade Secret in Australia.

All of TJX’s stores, with the exception of HomeGoods and HomeSense, sell family apparel and home fashions. HomeGoods and HomeSense offer home fashions.

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, net. “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  
     July 30,      August 1,  

In thousands

    2016      2015  

Net sales:

      

In the United States:

      

Marmaxx

    $ 5,098,998       $ 4,805,883   

HomeGoods

      986,663         895,378   

TJX Canada

      756,781         699,347   

TJX International

      1,039,611         963,123   
  

 

 

     

 

 

  
   $ 7,882,053       $ 7,363,731   
  

 

 

     

 

 

  

Segment profit:

      

In the United States:

      

Marmaxx

    $ 742,289       $ 715,546   

HomeGoods

      128,047         112,135   

TJX Canada

      121,979         119,681   

TJX International

      42,879         50,874   
  

 

 

     

 

 

  
     1,035,194         998,236   

General corporate expense

      109,350         101,234   

Interest expense, net

      11,262         10,808   
  

 

 

     

 

 

  

Income before provision for income taxes

    $ 914,582       $ 886,194   
  

 

 

     

 

 

  

 

     Twenty-Six Weeks Ended  
     July 30,      August 1,  

In thousands

    2016      2015  

Net sales:

      

In the United States:

      

Marmaxx

    $ 9,964,373       $ 9,301,293   

HomeGoods

      1,997,099         1,775,571   

TJX Canada

      1,442,358         1,319,559   

TJX International

      2,020,579         1,832,945   
  

 

 

     

 

 

  
   $ 15,424,409       $ 14,229,368   
  

 

 

     

 

 

  

Segment profit:

      

In the United States:

      

Marmaxx

    $ 1,451,146       $ 1,367,849   

HomeGoods

      266,257         233,434   

TJX Canada

      179,451         164,853   

TJX International

      57,226         77,229   
  

 

 

     

 

 

  
     1,954,080         1,843,365   

General corporate expense

      193,073         169,624   

Interest expense, net

      21,456         22,432   
  

 

 

     

 

 

  

Income before provision for income taxes

    $ 1,739,551       $ 1,651,309