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
	July 29,		July 30,
In thousands	2017		2016
Net sales:
In the United States:
Marmaxx	$	5,284,639	$	5,098,998
HomeGoods		1,156,398		986,663
TJX Canada		832,026		756,781
TJX International		1,084,637		1,039,611

	$	8,357,700	$	7,882,053

Segment profit:
In the United States:
Marmaxx	$	746,881	$	742,289
HomeGoods		141,345		128,047
TJX Canada		83,229		121,979
TJX International		38,967		42,879

		1,010,422		1,035,194

General corporate expense		109,045		109,350
Interest expense, net		9,677		11,262

Income before provision for income taxes	$	891,700	$	914,582


	Twenty-Six Weeks Ended
	July 29,		July 30,
In thousands	2017		2016
Net sales:
In the United States:
Marmaxx	$	10,251,774	$	9,964,373
HomeGoods		2,277,667		1,997,099
TJX Canada		1,570,797		1,442,358
TJX International		2,041,486		2,020,579

	$	16,141,724	$	15,424,409

Segment profit:
In the United States:
Marmaxx	$	1,434,046	$	1,451,146
HomeGoods		293,437		266,257
TJX Canada		186,109		179,451
TJX International		45,827		57,226

		1,959,419		1,954,080

General corporate expense		215,693		193,073
Interest expense, net		19,518		21,456

Income before provision for income taxes	$	1,724,208	$	1,739,551