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Segment Information
 3 Months Ended
Apr. 29, 2017
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 T.K. Maxx 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.

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  

In thousands

    April 29,
2017		      April 30,
2016		  

Net sales:

      

In the United States:

      

Marmaxx

    $ 4,967,135      $ 4,865,375  

HomeGoods

      1,121,269        1,010,436  

TJX Canada

      738,771        685,577  

TJX International

      956,849        980,968  
  

 

 

     

 

 

  
   $ 7,784,024      $ 7,542,356  
  

 

 

     

 

 

  

Segment profit:

      

In the United States:

      

Marmaxx

    $ 687,165      $ 708,857  

HomeGoods

      152,092        138,210  

TJX Canada

      102,880        57,472  

TJX International

      6,860        14,347  
  

 

 

     

 

 

  
     948,997        918,886  

General corporate expense

      106,648        83,723  

Interest expense, net

      9,841        10,194  
  

 

 

     

 

 

  

Income before provision for income taxes

    $ 832,508      $ 824,969