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Segment Information
6 Months Ended
Aug. 01, 2020
Segment Reporting [Abstract]  
Segment Information Segment Information
TJX operates four main business segments. The Marmaxx segment (T.J. Maxx, Marshalls, tjmaxx.com and marshalls.com) and the HomeGoods segment (HomeGoods and Homesense) 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. In addition to our four main business segments, Sierra operates sierra.com and retail stores in the U.S. The results of Sierra 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, interest expense, net and certain separately disclosed unusual or infrequent items. “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 (loss) 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 EndedTwenty-Six Weeks Ended
In thousandsAugust 1,
2020
August 3,
2019
August 1,
2020
August 3,
2019
Net sales:
In the United States:
Marmaxx$3,959,340 $6,106,697 $6,657,119 $11,908,457 
HomeGoods1,235,973 1,424,836 1,995,838 2,821,701 
TJX Canada591,918 967,460 971,554 1,815,195 
TJX International880,344 1,282,603 1,451,952 2,513,828 
Total net sales$6,667,575 $9,781,596 $11,076,463 $19,059,181 
Segment profit (loss):
In the United States:
Marmaxx$100,471 $855,199 $(609,198)$1,651,192 
HomeGoods97,576 128,942 (56,127)265,727 
TJX Canada21,965 118,217 (75,216)215,249 
TJX International(131,262)50,459 (389,879)78,946 
Total segment profit (loss) 88,750 1,152,817 (1,130,420)2,211,114 
General corporate expense123,433 128,613 223,760 249,611 
Interest expense, net57,336 2,897 80,687 3,714 
(Loss) income before income taxes$(92,019)$1,021,307 $(1,434,867)$1,957,789